Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

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Sham.

Sligo is a legitimate gas prospect.. its commercial..

Austin has high oil and gas.. so its worth a fortune with the oil making it a fantastic field.. Sligo is what you call methane only,, still worth money and still commercial.. sometimes the say that methane only to explain it as no oil and gas... just gas...

so Austin is oil and gas.. sligo gas only under massive pressure..

its all cased away and they are reaching the hosston sands as we speak.. so the announcements of any shows are any time soon...

anyone want to ring couchy and ask him on his cell phone how its going?

cheers
 
Agentm said:
hey tarzan...

things are pretty much the same here.. floating up and down..

wouldnt want to be the one selling stock today if say tomorrow they announce gas shows..

whats great is that all three have confirmed the secondaries in their annual reports,, EKA had to raise capital to make sugarloaf a production well..

Oh.. did the market understand it??? NO!!!

currently anyone buying it doing real well.. if i had another cent spare i would be buying more..

I know EME is doing bad,, its had so many dissappointments the investors are savaging it.. i thought i saw a post a few weeks back where a broker had spoken to director of EME for an hour or so.. saying they expected EME prices to go four pounds if hosston strikes.. sounds about right for the 4% diluted stake they have.. i have not come accross any reports from anyone re EME share price prospects over sugarloaf.

Hope they get to announce any good news first in the UK,, you guys need a break!!

Cheers
Click to expand...


Part of me wants it all out and in the SP -----but part of me wants to keep it quiet for a few weeks - So i can raise some more cash to buy more.

As long as it comes good - That is the main thing.
Keep Cool
 
Thanks for the clarification agentm. I'm in EKA as Ive mentioned before and will be holding to hear the fat lady sing aka hosston :D
Actually thinking of buying adi also for new taiton although I do have that one covered some what with through my holding in azz.
Cheers
 
i spoke to couch, but he wouldn't disclose anything :cautious:

I made some nice profits on NXS today, so was thinking about dumping that into ADI as well. Not sure whether to wait to see if it drifts down a little more or whether to wait for the announcement
 
it was probably 3 in the morning maverick..

what you needed to do was to use an american accent and say you were a runningback for the dallas cowboys,, he would have spilled the beans!!
 
What is wrong with ADI share price? the talk on this forum alone should have it around $2 by now???????
 
hey nokia..

the market is waiting for news of the next gas show so it can sell down the stock again..

currently the price goes up on the expectation of news, and goes down on:

confirmation of gas shows

going to market for money to pay for the well to become a production well

confirmation by US partners of success and planning 100 production wells for the oil found in the Austin chalks..

i am waiting for the next announcement so i can buy more shares when the price plummets when they announce gas shows..

best plan i have had all year..;)
 
I just don't like putting all my eggs in one basket, so a little "cautious/nervous".

Last weeks report said hosston was a few days away, and the same in todays announcment. ...Patiently waiting :)
 
Agentm said:
hey nokia..

the market is waiting for news of the next gas show so it can sell down the stock again..

currently the price goes up on the expectation of news, and goes down on:

confirmation of gas shows

going to market for money to pay for the well to become a production well

confirmation by US partners of success and planning 100 production wells for the oil found in the Austin chalks..

i am waiting for the next announcement so i can buy more shares when the price plummets when they announce gas shows..

best plan i have had all year..;)
Click to expand...
My plan today didn't work. Maybe your plan is better. I put in an order for 20000 at 47c first thing and edged it up to 48.5 before I got them mid afternoon only to find they have just fallen to 46c. ?????????????
 
I did the same thing, had bid at 47c and had to up to 48.5

rest assured in a month 1 and half cents here and there won't matter a whole lot, you'll either be smarting or smoking Cuban cigars, there won't be an in between
 
when the 12% stake holders share is just a few cents away from a 20% stakeholder in the same prospect,,

and ADI has millions in cash spare on the side line, new tiaton and yemen,

and EKA has nill

so who is paying too much for their piece if sugarloaf,,,??? anyone buying EKA on todays prices!!

still say ADI is the best value stock on the boards
 
Broadside said:
I did the same thing, had bid at 47c and had to up to 48.5

rest assured in a month 1 and half cents here and there won't matter a whole lot, you'll either be smarting or smoking Cuban cigars, there won't be an in between
Click to expand...
It's not just the money, it's the principle of the thing. . I hate to lose out in my judgement.
 
Still, EKA have a market cap of less than half that of ADI, i think thats why EKA have been climbing faster. at this point i do think ADI is better value tho.


Agentm said:
when the 12% stake holders share is just a few cents away from a 20% stakeholder in the same prospect,,

and ADI has millions in cash spare on the side line, new tiaton and yemen,

and EKA has nill

so who is paying too much for their piece if sugarloaf,,,??? anyone buying EKA on todays prices!!

still say ADI is the best value stock on the boards
Click to expand...
 
yes I think EKA was relatively undervalued before and has now caught up...now they are all undervalued :D

and for pure Sugarloaf leverage EKAO is still a boomer, the buying around 20c has been relentless even when heads fluctuate between 33 and 38 cents (strike price is 20 cents)

hold EKAO EKA and ADI
 
you may be in for some pleasant suprises when they announce they have to go to the market for cash for the new wells,,then the further dilution of shares when the directors announce their renumeration.. i gather they will be paid in shares, options above a fairly handsome salary once it kicks off..

maybe i am wrong,, but i wonder how eme and eka are going to fund the program that only ADI has had the guts to annouce,, they have 2 wells on the secondaries allready pencilled in.. I see EKA has no plans to participate and i didnt read AUT's annual report.. did they plan on drilling away on the secondaries also??

If it comes down to share value,, what looks grand now could be a whole lot different if you level the playing fields and count the cash they have in reserve.. i cant imagine the shareholders are going to fund the wells with cash from their pockets,, so i imagine they will be going to the market looking for the cash in share offerings..

It wont make any difference if hosston pays,, but will make a huge difference if the secondaries is all that EKA has to develop..
 
Hey Broadside, yes holding the same as you. EKAO = great leverage but obviously highest risk.With ADI being the lowest. Did you qualify for the EKA share issue? (10000 shares at 22c) Talk about a bonus for holders if hosston pays off :)

Anyone want to speculate on what would happen to trading if we were lucky enough to have gas shows in the upper part of hosston?
would it be likely they would announce gas shows and let the market resume trading while drlling to total depth? would be a wild ride. Or would it be possible to put ADI/EKA/AUT into a trading halt until they knew exactly what was there?

cheers
 
EKA has so far got 47,701,000 shares and 41,500,000 options exp 31 mar 08


ADI 95,558,000 shares 17,300,000 options unlisted..


in may the leverage per share for hosston for ADI was 619 cents per share
the EKA leverage was 408 cents per share

now i dont know how many more shares and options were put on the market after may by eka,, i figure its a fair swag..

if in may there was a $2 better return on sugaloaf please tell me why in october the EKA share is better value on the sugarloaf prospect..

if its better i will sell today and switch in a moment.. but if someone can explain where the 30% better outcome per share went since may this year i am all ears...

i am very interested in the numbers here,, the market values EKA way up at the moment,, what i want to know is what are the numbers??

cheers
 
Why all the interest in ADI, if hosston does not come in they will drop like a bag full of bricks in a river. Dont mean to offend anyone i just dont really understand all the hype. :eek:
 

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