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ADIRA ENERGY LTD V.ADL

"Adira Energy Ltd is engaged in the energy sector. It is an oil and gas exploration company focused on early-stage exploration. The company has an option to hold interests in approximately two licenses, such as the Myra License and the Sara License. The Company does not have any oil and gas reserves and does not produce any oil or gas. The Company held interests in approximately two Israeli offshore petroleum licenses, including the Gabriella License No. 378 and the Yitzhak License No. 380."


TSXV:ADL - Post by User

Post by tooez1on Mar 24, 2015 2:15pm
124 Views
Post# 23555889

Concerted effort

Concerted effortto move stock price. Since accumulating for the last long while, I've noticed that each time this happens there is no subsequent announcement and ADL returns to previous levels.

Financial release is due...perhaps a PP is in the works. VERY little money left.

I still think that ADL's 5% option for Sara and Myra (apparently separate from Geoglobal's) may have significance...Energean and Ratio consortium hopefully will receive Israeli approval and accept the option (since consortium has changed from the original)...lots of "IFS", but that's the chance that you take if you buy a penny stock.

Maybe ADIRA has something else in mind with its low float. Nice to see a bit of movement anyway.
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