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- 2 October 2006
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Sounds to me like disharmony, and a real case of first in best dressed. with adi not even remotely interested in this fiasco..
There has been little team unity shown here. I see it as ADI having 80 square kilometers of land with the other JVP's in the "AMI", then we have AUT buying longhorn to the east and ipanema to the south.
Then theres sugarloaf deep rights next door, ADI has nothing there
then next door to that is third party.. again ADI has no interest there..
EME has taken up acerage in those areas, AUT has by their own admissions said to SHUG they have interests there but they feel they are not liable to announce anything regardless of the 16 wells planned there. How that happens i dont know, it simply doesnt make sense??
ADI have no interest in anything other than the 80 square kilometers, we have jvp's all over the place going solo, and complete chaos and disunity across all jvp's, as no one is prepared to say anything to anyone else, and the resulting information flow to the shareholders remains chaotic.. ADI is not responsible for the mess here and shouldnt be the ones picking up the pieces and clearing it up.. as much as i wanted clarity, i understand adi is not the ones responsible to give it..
granted AUT have had a crack at trying to explain it, but it lacks clarity.
We have to take adi's word for it that they are not going to break from normal protocols amoungst joint venture partners and are not buying acerage independent from other jvp's, and therefor we dont have the confusion eminating from anything that adi is doing, its all being created by jvp's feathering their own nest and working independent of eachother and not with the others interests at heart. I think in the future if jvp's are expecting unity with joint capital raising i wonder how they will make requests from adi on that front.. "hey guys,, we havent spoken for some time.. and i just think we should talk things through and maybe co ordinate things... guys??? hello??? cant understand it the phone cut out!!"
ADI as far as i am concerned has not broken any protocol, has remained silent, and will continue to focus on the projects in their usual steadfast fashion. no damaging news from the adi camp so far that i can see.. its up to the individual to assess if they agree or not as to how the jvp's are behaving and if thats the place to secure vast sums odf investments with..
From here i wonder how the absolute confusion and misinformation is going to have any upside for the near term, until absolute clarity comes out we have to agree that adi has not changed its position, is not buying any acerage independent of the "AMI" areas of mutual interest.
i am a little apprehensive now, i cant see any unity from the JVP's. EME is clearly doing its own thing as is AUT. Eka hasnt got a penny so its stuck in limbo.. ADI is fully cashed up and was capable of doing the things the JVP's have done but has, as far we know, not done so.
ADI shares remain tightly held, and besides the little games playeda in the low .70's for the past days, the only real stock available is in a different threashold..
i sense time is running short for these prices, somehow the news has to surface, and there are two wells about to become significant producers, and the wheels are in motion on the entire SL play.. wells are being drilled and progress is going ahead regardless of the testing.
look, as far i am concerned, AUT is indicating things here, and if your on to it then you know what to do, this is a little cryptic, but very relevant...
there is very very bullish sentiment coming from the jvp's regardless of the current fiasco, we have EKA raising capital just for this, and aut making some very interesting comments..
great days ahead still.. all announcements from adi will be posisitve i feel..
all imho and dyor..
There has been little team unity shown here. I see it as ADI having 80 square kilometers of land with the other JVP's in the "AMI", then we have AUT buying longhorn to the east and ipanema to the south.
Then theres sugarloaf deep rights next door, ADI has nothing there
then next door to that is third party.. again ADI has no interest there..
EME has taken up acerage in those areas, AUT has by their own admissions said to SHUG they have interests there but they feel they are not liable to announce anything regardless of the 16 wells planned there. How that happens i dont know, it simply doesnt make sense??
ADI have no interest in anything other than the 80 square kilometers, we have jvp's all over the place going solo, and complete chaos and disunity across all jvp's, as no one is prepared to say anything to anyone else, and the resulting information flow to the shareholders remains chaotic.. ADI is not responsible for the mess here and shouldnt be the ones picking up the pieces and clearing it up.. as much as i wanted clarity, i understand adi is not the ones responsible to give it..
granted AUT have had a crack at trying to explain it, but it lacks clarity.
We have to take adi's word for it that they are not going to break from normal protocols amoungst joint venture partners and are not buying acerage independent from other jvp's, and therefor we dont have the confusion eminating from anything that adi is doing, its all being created by jvp's feathering their own nest and working independent of eachother and not with the others interests at heart. I think in the future if jvp's are expecting unity with joint capital raising i wonder how they will make requests from adi on that front.. "hey guys,, we havent spoken for some time.. and i just think we should talk things through and maybe co ordinate things... guys??? hello??? cant understand it the phone cut out!!"
ADI as far as i am concerned has not broken any protocol, has remained silent, and will continue to focus on the projects in their usual steadfast fashion. no damaging news from the adi camp so far that i can see.. its up to the individual to assess if they agree or not as to how the jvp's are behaving and if thats the place to secure vast sums odf investments with..
From here i wonder how the absolute confusion and misinformation is going to have any upside for the near term, until absolute clarity comes out we have to agree that adi has not changed its position, is not buying any acerage independent of the "AMI" areas of mutual interest.
i am a little apprehensive now, i cant see any unity from the JVP's. EME is clearly doing its own thing as is AUT. Eka hasnt got a penny so its stuck in limbo.. ADI is fully cashed up and was capable of doing the things the JVP's have done but has, as far we know, not done so.
ADI shares remain tightly held, and besides the little games playeda in the low .70's for the past days, the only real stock available is in a different threashold..
i sense time is running short for these prices, somehow the news has to surface, and there are two wells about to become significant producers, and the wheels are in motion on the entire SL play.. wells are being drilled and progress is going ahead regardless of the testing.
A successful testing of the Sugarloaf #1 well would lead to additional drilling, geological and geophysical activities. The nature of this work, the number, location and design of any wells and the cost of wells will only be addressed after the testing of Sugarloaf #1.
look, as far i am concerned, AUT is indicating things here, and if your on to it then you know what to do, this is a little cryptic, but very relevant...
there is very very bullish sentiment coming from the jvp's regardless of the current fiasco, we have EKA raising capital just for this, and aut making some very interesting comments..
great days ahead still.. all announcements from adi will be posisitve i feel..
all imho and dyor..
