ADI - Adelphi Energy

[resourceboom]

would hate to have agentm disappointed if no-one comments on the arq pressie, so here goes

page 26 very interesting if to scale: it appears ARQ potential share of SL could be around 2-3MMBOE. So then ADI share would be around 6-10MMBOE. nice...

An issue I have with MMBOE tho is when gas is conveted to oil equivalent it makes the figures look better due to conversion ratio.

 

[Evangeline]

Thanks for that Agentm. Very interesting read - Arq has also put their money where their mouth is - exercising those 8 million options lately.

Looks like the sp is on the move too.

 

[Agentm]

Thanks for that Agentm. Very interesting read - Arq has also put their money where their mouth is - exercising those 8 million options lately.

Looks like the sp is on the move too.

the arq share holding will be a safety net as far as i am concerned.. later!!

24th august

1​

ARC Energy Limited​

33,900,000​

2​

HSBC Custody Nominees (Australia) Limited

4,678,827​

3​

SG Growth Equities Limited

4,503,334​

4​

ANZ Nominees Limited

3,953,093​

5​

Citicorp Nominees Pty Limited​

1,637,536​

6​

Mr Alexander Forcke

1,516,667​

7​

Christine Mary Streitberg

1,200,000​

8​

Detail Nominees Pty Limited

1,081,484​

9​

Mr Graham Douglas Riley & Mrs Anne Marie Riley

1,016,667​

10​

Rocket Science Pty Ltd

940,000​

11​

Fopar Nominees Pty Ltd

866,667​

12​

Michael Craft Pty Ltd

800,000​

13​

Merryl Lynch (Australia) Nominees Pty Limited

793,867​

14​

JJNA Super Pty Ltd

716,667​

15​

Hot Springs Pty Ltd

600,000​

16​

Mr Thomas Brian Cannon

600,000​

17​

Charrington Pty Ltd

549,667​

18​

Manukey Pty Ltd

500,000​

19​

Lippo Securities Nominees (BVI) Ltd​

500,000​

20​

Rocket Science Pty Ltd

500,000​

17th august

1​

ARC Energy Limited​

33,900,000​

2​

HSBC Custody Nominees (Australia) Limited

4,678,827​

3​

ANZ Nominees Limited

3,969,367​

4​

SG Growth Equities Limited

3,503,334​

5​

Yandal Investments Pty Ltd​

1,641,667​

6​

Citicorp Nominees Pty Limited

1,630,536​

7​

Mr Alexander Forcke

1,516,667​

8​

Christine Mary Streitberg

1,200,000​

9​

Satinbrook Pty Ltd

1,016,667​

10​

SG Growth Equities Limited

1,000,000​

11​

Fopar Nominees Pty Ltd

866,667​

12​

Rocket Science Pty Ltd

850,000​

13​

Michael Craft Pty Ltd

800,000​

14​

Merryl Lynch (Australia) Nominees Pty Limited

781,967​

15​

JJNA Super Pty Ltd

716,667​

16​

Hot Springs Pty Ltd

600,000​

17​

Mr Thomas Brian Cannon

550,000​

18​

Charrington Pty Ltd

549,667​

19​

Manukey Pty Ltd​

500,000​

20​

Lippo Securities Nominees (BVI) Ltd

500,000


TOTAL

60,772,033​

 

[wallave]

9​

Satinbrook Pty Ltd

1,016,667​

Looks like old Satinbrook pty ltd was the one that offloaded last week down to 54c

Some nice interest this afternoon. Heading in the right direction.

 

[Evangeline]

A few interesting changes in the list. You will note that Satinbrook is no longer listed, but Mr Graham Riley now has the same number of shares.


"Graham Riley (Chairman): a company associated with Mr Riley, Satinbrook Pty Ltd, has been. paid fees totalling $100000 (exclusive of GST) over the last two ...
www.giraliaresources.com.au/pdf/asx/28%20Jun%2007-Notice%20of%20Me"

So Satinbrook is associated with Mr Riley anyway. Others have upped their holding somewhat. Not sure if this is meaningful in anyway.

 

[Evangeline]

Yandal Resources is also no longer in top 20. If you do a search on them they are major shareholders in Giralia Resources - the company Mr Graham Riley is Chairman of - so some association there too.

 

[Agentm]

Yandal Resources is also no longer in top 20. If you do a search on them they are major shareholders in Giralia Resources - the company Mr Graham Riley is Chairman of - so some association there too.

now i like the way that you think,, your smart, looking between the layers!!

lots of interesting moves,, plenty were ready to come in.. and one is listed twice?? rocket science??? maybe a typo?

 

[Evangeline]

No - Rocket Science Pty Ltd is not a typo - a google search reveals a few references to the company, mainly in association with The Trojan Capital Fund:

The Manager is wholly owned by Rocket Science Pty Ltd as trustee for the Trojan Capital Fund. The Trojan Capital Fund is controlled by Troy Harry and this ...
www.trojanequity.com.au/manager.html - 7k - Cached - Similar pages


Might be interesting to do a search on a few of these top 20 shareholders.

 

[Evangeline]

SG Growth Equities Limited is very interesting. They have 4.5 million invested in Adelphi. According to their website:

"SG Growth Equities Limited is a private equity fund established to create significant wealth through an actively managed portfolio of high growth potential small cap companies.
SG Growth Equities is managed by St George Capital Pty Limited, a privately owned boutique investment company, whose directors have invested more than $4 million in the company.

The St George Capital executive team has an established track record in accelerating investee companies through value-creating transitions. SG Growth Equities will seek a substantial shareholding of typically 5% - 20% in a targeted portfolio of 3 - 5 listed companies, which are undervalued by capital markets but which have clear and understandable significant growth potential.

In each case, the Manager will aim to secure board level involvement and to pursue an active shareholder style, supportive of company management. Within investee companies, value transformation is expected to occur during a one to two year timeframe."

GET THIS - this is how they describe Adelphi under their heading "portfolio companies: -

"Adelphi Energy Limited
Adelphi Energy Limited (Adelphi) is a Western Australia based petroleum exploration company listed on ASX (ASX code: ADI). The company's objective is to identify and acquire a well balanced portfolio of Australian and international oil and gas exploration assets, with a focus on frontier exploration areas which have the potential to add significant value for shareholders.
During 2006, Adelphi will participate in two high impact onshore gas exploration wells in Texas, USA. These comprise the Sugarloaf Prospect, a major international quality exploration play with potential reserves of several TCF, and the lower risk New Taiton Prospect with multiple well-defined reservoir targets.

During 2005, Adelphi successfully bid for two onshore exploration blocks in Yemen as part of an international joint venture group led by Oil Search Limited. Exploration activities on these blocks are expected to commence during 2006, with an extensive drilling program comprising at least seven exploration wells to kick off in 2007.

Adelphi has a strategic alliance with ARC Energy Limited (ARC) via ARC's approximately 25% shareholding in Adelphi and a series of alliance agreements which provide Adelphi with access to ARC's technical, financial and administrative expertise."



The Executive Chairman - Patrick O'Connor is also a Director at Adelphi.

 

[nioka]

would hate to have agentm disappointed if no-one comments on the arq pressie, so here goes

page 26 very interesting if to scale: it appears ARQ potential share of SL could be around 2-3MMBOE. So then ADI share would be around 6-10MMBOE. nice...

An issue I have with MMBOE tho is when gas is conveted to oil equivalent it makes the figures look better due to conversion ratio.

The amazing thing I noticed about the ARQ report was that in charting the exploration potential for the company they rate the Canning basin 10 times that of Adelphi. Maybe with the relative share prices it makes me wonder if I should reconsider ARQ bearing in mind that I financed my early day ADI investment by selling ARQ. Maybe the chart isn't to scale. Any comments appreciated.

 

[resourceboom]

I too have fully sold out of ARQ, and I'd definitely look at getting back in, but will be waiting until they have some good firm discoveries in the Canning.

 

[Agentm]

i think a lot have left ARQ and loaded into the ADI.. i certainly took profit a long time ago and swapped over..

talking to some locals this morning,, the pioneer guys have been trying for 3 weeks to get a well set up close by in Bee county. they have never had an august like it before rainfall wise...so 3 weeks and now still unable to get it happening.. makes you wonder how they are going to get the patterson 30 rig broken up and over to karnes in a few weeks.. i definately expect further delays are high on the probability list..

eva.. i researched the top 20 before a few times... some very astute investors in there i think..
mr o'conner has moved on.. look at XBL, i think you will find he went there, he also set up a private investment fund to invest in both ADI and xbl.. 500k minimum entry if my memory serves me correct.. xbl is somewhere i will be investing one day soon, been researching them over the past year a lot.. i like their style.. and their products are leading edge stuff, again high risk high reward!!

 

[Evangeline]

You are right Agentm - Mr O'Connor is no longer a director at Adelphi. His private investment company is SG Growth Equities and yes it appears from their website that ADI and XBL are their main investments.

Mr Riley however, is also a director of Adelphi.

 

[Agentm]

You are right Agentm - Mr O'Connor is no longer a director at Adelphi. His private investment company is SG Growth Equities and yes it appears from their website that ADI and XBL are their main investments.

Mr Riley however, is also a director of Adelphi.

unlike the other jvp's where they by and large get given massive amounts of options,, the adi boys have invested their own hard earned cash here.. another reason why ADI will be very strategic on how and when they go to the market for capital , and they are not a fan of thinning out the value of the company..

mt riley suddenly sits in the top 10 with i million shares thank you very much,, he was never there before.. is there something happening out there perhaps that makes him want to put in for a cool 1 mill shares???

perhaps its something to do with a potential for major new play fairway in the area !!!!!!!

just a guess,, i mean i am pretty certain its the reason i am in it..

dyor and all IMHO

 

[Evangeline]

Yes - it doesn't look like the top 20 are dumping their shares - quite the contrary. I had a look at XBL and bought some cheap options today too - .059c. If its good enough for Mr O'Connor to have a boutique investment fund that only buys ADI and XBL, I reckon they might be a bargain atm.

 

[chance fate]

Doing the maths on the reserves in the arc presentation given 6-10mmboe ....

using:

1 barrel of oil equivalent = 1 barrel of crude oil
= 5,487 cubic feet of gas *
* Natural gas is converted to barrels of oil equivalent using a ratio of
5,487 cubic feet of natural gas per one barrel of crude oil. This ratio is
based on the actual average equivalent energy content of TOTAL's natural gas reserves.

so 6-10 mmboe for arc * 3 roughly = 18-30 mmboe for adi * 5 = 90-150mmboe for sugarkane....

converting to Bcf using the conversion formula (assuming it converts totally to gas i.e. ignoring condensate)

90-150mmboe = 494-823 Bcf

 

[fflintoff]

RNS Number:9158C
Empyrean Energy PLC
29 August 2007


Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Block A, Texas USA
----------------------------

- TCEI JV Block A # 1 well reaches total depth
- Encouraging gas shows throughout the horizontal well
- Gas flares measuring up to 65 feet observed

Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV
Block A #1 well has reached a total depth of 4,400 meters (measured
depth). Current operations are preparing to run casing.

The horizontal well has continued to encounter encouraging gas shows
in addition to fluorescence in the cuttings through to total depth.
Gas shows were observed over approximately 2,500 gross feet. Multiple
gas flares measuring up to 65 feet were observed over approximately
1,000 feet including an interval of about 600 feet that had a
constant gas flare.

Further updates will be provided as the timing for testing
operations is confirmed.


Commenting today, Empyrean director Tom Kelly said: " The gas flares
encountered whilst drilling are particularly encouraging as the
drilling mud weight was raised to over 14 pounds per gallon and gas
flares and shows were still observed despite the heavier mud - we
look forward to the results of testing".


The information contained in this announcement was completed and
reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank
Brophy BSc (Hons) who has over 40 years experience as a petroleum
geologist.


For further information:
Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 /
+44 (0) 7791 892 509

Rod Venables / Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600

Empyrean Energy plc
Tel : +44(0) 207 182 1746

 

[tarzanhey]

RNS BLOCK A

Empyrean Energy Sugarloaf Block A Update


RNS Number:9158C
Empyrean Energy PLC
29 August 2007


Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Block A, Texas USA
----------------------------

- TCEI JV Block A # 1 well reaches total depth
- Encouraging gas shows throughout the horizontal well
- Gas flares measuring up to 65 feet observed

Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV
Block A #1 well has reached a total depth of 4,400 meters (measured
depth). Current operations are preparing to run casing.

The horizontal well has continued to encounter encouraging gas shows
in addition to fluorescence in the cuttings through to total depth.
Gas shows were observed over approximately 2,500 gross feet. Multiple
gas flares measuring up to 65 feet were observed over approximately
1,000 feet including an interval of about 600 feet that had a
constant gas flare.

Further updates will be provided as the timing for testing
operations is confirmed.


Commenting today, Empyrean director Tom Kelly said: " The gas flares
encountered whilst drilling are particularly encouraging as the
drilling mud weight was raised to over 14 pounds per gallon and gas
flares and shows were still observed despite the heavier mud - we
look forward to the results of testing".


The information contained in this announcement was completed and
reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank
Brophy BSc (Hons) who has over 40 years experience as a petroleum
geologist.


For further information:
Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 /

 

[tarzanhey]

RNS BLOCK A

Empyrean Energy Sugarloaf Block A Update


RNS Number:9158C
Empyrean Energy PLC
29 August 2007


Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))

Sugarloaf Block A, Texas USA
----------------------------

- TCEI JV Block A # 1 well reaches total depth
- Encouraging gas shows throughout the horizontal well
- Gas flares measuring up to 65 feet observed

Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV
Block A #1 well has reached a total depth of 4,400 meters (measured
depth). Current operations are preparing to run casing.

The horizontal well has continued to encounter encouraging gas shows
in addition to fluorescence in the cuttings through to total depth.
Gas shows were observed over approximately 2,500 gross feet. Multiple
gas flares measuring up to 65 feet were observed over approximately
1,000 feet including an interval of about 600 feet that had a
constant gas flare.

Further updates will be provided as the timing for testing
operations is confirmed.


Commenting today, Empyrean director Tom Kelly said: " The gas flares
encountered whilst drilling are particularly encouraging as the
drilling mud weight was raised to over 14 pounds per gallon and gas
flares and shows were still observed despite the heavier mud - we
look forward to the results of testing".


The information contained in this announcement was completed and
reviewed by the Technical Director of Empyrean Energy Plc, Mr Frank
Brophy BSc (Hons) who has over 40 years experience as a petroleum
geologist.


For further information:
Jonathan Charles / Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6611 /

Flintoff you are too quick for me ;-)

Anyway much pre open excitment in EME over in the UK.

Bodes well for us all.

Thanks Agentm for your excellent research into this whole venture.

 

[Agentm]

tarzan, this is just the begining, and the suagrkane took some effort to get through, but remember the time slip, the well is always behind in the news.. whats missing from the rns is the usual "at 6pm texas time the operator was casing in with production casing" etc etc..

but i think the announcement is perhaps fairly up to date.. i will know shortly if its absolutely up to date..

there is so much news from ARQ and EME that you can see the whole operation is running according to plan..

again, if you dont get it bail now,, if you get it, and understand what multi tcf plays are, and how rare they are, and how rare it is for a junior explorer to get on the play with 20,000 acres, then enjoy and hold..

best of luck in whatever you decide..