ADI - Adelphi Energy

[chance fate]

... wow... that looks like plans for a fairly large field.. can anybodu else interpet this statement "The new agreement covers the next sixteen (16) wells to be drilled on either Block A and / or Block B.".. what's puzzling me is the "or Block B" as this would mean that the SL project may require 16 wells for field development - that's $A100m in drilling costs... perhaps the seismic is showing something that just isn't available to the market... makes the EKA capital raising seem insignificant at A$2m... 2% of the drilling costs... something isn't adding up...

 

[tomcat]

I'm also curious about Emppyrean's increase in working interest on Block B which is where SL is from 6% to 18% on all future wells. Who do you think has cut down their working interest on the new wells?? Texas Crude? Hope ADI's has boosted its interests as well

 

[Broadside]

... wow... that looks like plans for a fairly large field.. can anybodu else interpet this statement "The new agreement covers the next sixteen (16) wells to be drilled on either Block A and / or Block B.".. what's puzzling me is the "or Block B" as this would mean that the SL project may require 16 wells for field development - that's $A100m in drilling costs... perhaps the seismic is showing something that just isn't available to the market... makes the EKA capital raising seem insignificant at A$2m... 2% of the drilling costs... something isn't adding up...

I imagine 16 wells would be a staggered process so there would be capital raising along the way and also income from the early wells to fund the later wells so not all the capital is reqd up front. Anyway it is massive news, a productive gas (oil?) field plain and simple. I wonder if we will get to Couchy's 100 well prediction. Nothing he has said way back last September has yet been proven wrong. But yes, if EME increases to 18% someone is decreasing...?

 

[barney]

now at last the penny dropped...

we see that eka and all the jvp's are not considering sl as just a minor play, we are talking major plays here..

enjoy the good times if your a holder!!

Agree totally Agent, There is some serious interest by the players involved for sure .................... I suspect that what I summised in an earlier post (re the primaries, which did not quite eventuate in the S/L well), are still well and truly in play, but will probably end up being "productive" from another well down the track (what do you guys think?) ................... There may be a bit of patience required for the big payday, but in a way, I kind of like the fact that the serious "holders" will be rewarded with patience ............... not quite so much spiking by day traders as the good news "filters" in ................ That aside, there are so many short term positives to keep the sp ticking over anyway ............. I continue to buy small parcels ............ This share could end up being very tightly held not too far down the track .......... If I were a new "investor", I certainly wouldn't wait too long b4 I purchased a slice of the possible action .............. All imo of course, but this could end up being a big story down the track, and hindsight is a cheap commodity which earns you zero!! All the best to holders.

 

[chance fate]

... re-read it.. prep is undwerway to commence drilling in Block A within the next 2 months... that leaves 15 ... i recall somewhere in an announcement that production could already be taking place from the shallower levels... is this Block A and is that the major O&G player unnamed in the ann...?? will dig around to see what i can recover.....

 

[chance fate]

...no ... sorry it was blurb in several reprots including strachan's stockanalysis which says that recent scouting info. from nearby weels having drilled the shallower formations have increased the potential from the shallower targets.... the schematic in ADI's annual rep 2006 shows an area of 'red' in Wilcox and below... that must be what was meant...

 

[chance fate]

...based on the EKA $A2m raising, holding 12.5% of project, there's enough for 2 wells... as per ADI's forward plan in a recent presentation....

 

[Agentm]

only here to help a little

couch gave this out early dec 2006

PENNY DROPPING YET???????????????????????????

We have drilling activity also going on west of Brownwood and North of Abilene.

As exploration manager for Oil2 Holdings, we hit our first major 21,000’ well.

Each year we have drilled a major well. The Hosston well proved up a 2 TCF project covering 26,000 acres.

In 2004 we drilled Lake Boeuf, an 18,000’ well and found marginal reserves.

In 2005 we drill another potential very large reserve well, South Deep Lake at 19,000’ and found marginal reserves.

So we hope Sugar Loaf is our first major home run. Those deep wells are extremely costly though …. With substantial cost overruns.

 

[Ken]

Gas plays are making a recovery in my opinion.

ARQ, COE, NXS, are other that have gained some ground of late, its a busy period for a lot of companies.

This is how these stocks work don't they.... go up, go down, holding can pay great rewards to the brave.

 

[Agentm]

The Block A Operator has drilled a first exploratory test well on
Block A and this well is a discovery well which it has been reported
flowed gas and associated condensate on test

the key to it all.. eka let you know about this last year.. its what made me move on this,, its there, all you have to read it and understand it,,

lets see if anyone gets it..

 

[Lucky_Country]

ADI should be tightly held from now on if it already isnt that is, I cant imagine selling my shares in ADI for some time and I wont be able too understand anyone who does as they miss out anytime with NT or SL .
SL is becoming a more and more positive play with every piece of info given from whatever feasable source put the jigsaw together and get the complete picture.
Too all long terms we will celerbrate together

 

[Sniffer]

About a year before SL spud, the first of three wells was taping an adjacent gas field prospect. This well was being completed about the same time the juniors began acquiring additional interest in SL and were writing stuff like.....” there are several shallower targets which, based on scouting information related to recent nearby drilling results at similar depths, have now emerged as being potentially highly attractive.” This first well this adjacent field produces about 500MCFD and 60blls/d. Most recently an international oil/gas company (same operator as first well) has filed a permit to drill the 3rd well in this prospect (~12,000ft horizontal). Could this be the Block A well? The timing/location could just be coincidence but this field/well is located about 4 miles firm SL.

 

[Agentm]

interesting.. but its quiet clear that they say only one well has been drilled not 3. there are several fields in the vicinty.. which field are you refering to?

its going to seem mighty strange if the JVP's here dont announce to the asx whats happening at SL.. the scope and size of the EME announcement must require some form of clarification..

if it doesnt then speculation and rumour is going to flourish..

its great days ahead for all holders, NT news must be about to break, and SL is confirmed as a discovery..

one well to be drilled they say.. very soon..

all falling into place

 

[nioka]

ADI and ground hog day????
I've been out of action for the last six weeks and out of contact with the share trading and ASF. I've just logged on to get updates. Nothing much seems to have changed. NT and Sugarloaf are supposed to be about to make us a fortune. While I have been away most of my other shares had bounded ahead ADI and AUT have been in a state of stagnation. ?????????????????:

 

[Agentm]

it possibly because the market in australia has no idea about the wells...

none of the JVP's have made any comment on the 16 wells nor about the sugarloaf wells plans, nor the plans for a well in block a over the next 60 days???

for me as an investor, its extremely dissappointing that the market is not allowed to be given the same information that the jVP in the uk has given its investors..

i have no idea why it isnt being announced, but anyone selling today could be in an extreme disadvantage for not having known about the future of sugarloaf and the upcoming well in 60 days..

all imho and dyor..

 

[nioka]

ADI and ground hog day????
I've been out of action for the last six weeks and out of contact with the share trading and ASF. I've just logged on to get updates. Nothing much seems to have changed. NT and Sugarloaf are supposed to be about to make us a fortune. While I have been away most of my other shares had bounded ahead ADI and AUT have been in a state of stagnation. ?????????????????:

Maybe I spoke too soon. Up 13% today. Could be the start of an interesting period ? or should I cut and run while the ink is green?

 

[Ken]

nioka.

Its up 57% since the sell off...

Its not dead and buried....


Maybe look at things in a different light.

For the person who bought at 50 cents.

 

[Broadside]

Maybe I spoke too soon. Up 13% today. Could be the start of an interesting period ? or should I cut and run while the ink is green?

stale bulls will provide a lot of the seller volume in the next couple of weeks but personally I have been in both ADI and EKA since pre-drilling and now is the moment for these stocks to shine, I am not selling a single share. No advice intended and if you're making a profit and choose to take it, good luck to you and well done on the trade.

 

[HOMER J]

ADI buyers seem to be finally catching on, but EKA and AUT arent doing anything. Grabbed some more ADI today and yesterday, plus some more eka. should be an exciting few months.

 

[Broadside]

ADI buyers seem to be finally catching on, but EKA and AUT arent doing anything. Grabbed some more ADI today and yesterday, plus some more eka. should be an exciting few months.

HomerJ I think EKA has had such a turbulent ride that it may be a case of once bitten twice shy for some investors and they will need a little more coaxing (in the form of more news from Aussie partners) before it runs.