ADI - Adelphi Energy

[daeff]

In time the market must get it.. the fundamentals of cash flow through the door will rectify that...

What ADI is still suffering from is;

failings to date on NT "the sure thing" which is still unresolved and suffereed numerous delays and finally failure in the eyes of the market punters (this could well be different as we know but the market does not)

The lower hosston failure to flow and that fact that we have not tested our section yet in the uppers together with the long delay... people do not see it happening and still discount the whole play until it is tested and it flows.

So JUST GO AHEAD AND TEST SL1 so I can bath in Moet

 

[Agentm]

NT has had problems with the operator..

• Well currently shut-in
pending resolution of operator issues​

i have done my research there and fully understand it, but i am not the one who is going to comment on it, i know its being fixed and thats all i care about..​

currently 75% of trades are cross trades, so someone is holding the prices down.. ​

I see amazing value in the chalks,, and no way could the JVP's announce the chalks in Dec 06.. they are only allowed to now,, and testing will not be delayed from now on..​

we have a forward drilling program of 16 wells which we are a part of.. and the tesing of Sl1 is upon us..​

AUT has just finished announcing the sugarkane,, and i wonder what the word will be now??​

As i said, the market doesnt get it,, we have a major play, but more than that, we have the lions share of the major play.. thats unique!!!​

i just hope the sp doesnt tank too much,, as i said before the news is brilliant, but the market doesnt understand it... which is a pity..​

maybe later then?? who knows???​

 

[chance fate]

seems to be tracking the same way nexus did over the days leading up to the - in that case - lack of major news on echuca.. but there was a flurry towards the total depth in that appraisal well... so reckon we can expect that kind of interest leading into the tests - which are now more a reserves appraisal than a test on whether the field is commercial in the first place (imo)... then once tested the money waiting on the side lines will have confidence to come in... imo...

 

[HOMER J]

Great announcements today, im suprised too we arent seeing more buying volume. Still testing is getting closer every day. you only need to go to ADI's website and read some of the broker reports to see what 800bcf would be worth to ADI.......

 

[Agentm]

i have been discussing with conocophillips investor relations recently whether the kunde wells would be discussed by John Lowe, here is their reply..

John Lowe did not cover items at this level of detail during his presentation.
Adrienne M. Becker
ConocoPhillips - Investor Relations
375 Park Avenue, Suite 3702
New York, NY 10152
212-207-9077
adrienne.m.becker@conocophillips.com

 

[Father Ted]

i have been discussing with conocophillips investor relations recently whether the kunde wells would be discussed by John Lowe, here is their reply..

John Lowe did not cover items at this level of detail during his presentation.
Adrienne M. Becker
ConocoPhillips - Investor Relations
375 Park Avenue, Suite 3702
New York, NY 10152
212-207-9077
adrienne.m.becker@conocophillips.com

I rather suspected that a little old ranch in the middle of Texas would be small fry for the likes of John, when did you get this from CP?

Father Ted

 

[tarzanhey]

i have been discussing with conocophillips investor relations recently whether the kunde wells would be discussed by John Lowe, here is their reply..

John Lowe did not cover items at this level of detail during his presentation.
Adrienne M. Becker
ConocoPhillips - Investor Relations
375 Park Avenue, Suite 3702
New York, NY 10152
212-207-9077
adrienne.m.becker@conocophillips.com

Explains why EME only said - look at the jvps websites for details of their presentations today on SL1 - If they did it quote anything it would have breached their confidiality clause - because the JVP partners admitted conoco and kunde3 into their reports ----but we are not allowed to say the names!!

 

[Agentm]

it appeared in my outlook this morning. 5:57 am..

so did EME announce something on the presentations!! It sounds like they didnt say anything but referred people to the respective sites.. which means what you indicate tarzan, the EME agreement is definately not to the investors advantage, as they are unable to speak freely on the sugarkane.. they have to refer to third parties to speak for them so to speak!


Tarzan, i have seen no indications anywhere that the TCEI briefing to couch oil, that couch translated onto his website in sept 06, is nothing short of 100% accurate.

the news yesterday is exactly in line with anything i have researched and discovered.. I see the multi tcf on just one of the 3 zones as just the start.. i am absolutely convinced the presentations yesterday are 100% accurate, and this is only the start, i believe there is more still to come.

 

[chance fate]

Agent... if the upper zone correlates directly with the already producing interval in sugarkane (awesome!) why aren't the other 2 zones productive there too??? i'm not getting my hopes up on those other zones... they're upside only... the main pay for me is now zone one ... which unfortunately will get tested last ... i.e. in about 2 weeks time.... got no probs with that... and hope the lower zones yield too....

 

[Agentm]

Agent... if the upper zone correlates directly with the already producing interval in sugarkane (awesome!) why aren't the other 2 zones productive there too??? i'm not getting my hopes up on those other zones... they're upside only... the main pay for me is now zone one ... which unfortunately will get tested last ... i.e. in about 2 weeks time.... got no probs with that... and hope the lower zones yield too....

all zones were tested at kunde 1 and Kunde 2. extensively. they then blocked the lower zones and have run production on the Kunde 1 well. in Zone 1 only!!

one zone at a time!! things will progress as time goes on.. the sugarkane has a long long way to go yet in terms of discovery.. one third in now!!

there is absolutely no evidence to say the lower Zones (zone 2 and 3) will not be productive at kunde,..

i am convinced all three zones can be capable of producion,, i am of the belief that Zone 1 which is sugarkane, is a proven play, and we had great porosity, if not superior porosity as couch oil suggested, and the Zone 3 and 2 regions are equal if not better than the kunde sugarkane.. time will tell..

This Austin Chalk play is proved up to potentially be 3 TCF,, in my view the numbers are small,, its entirely possible the two other Zones are equally charged and we may be on a play thats too staggering for words..

Currently the market is in disbelief that a bunch of junior aussie explorers have got themselves 20,000 acres of prime sugarkane, and developing it with the likes of conocophillips..

bring on the tests

 

[chance fate]

...yeah.. delaying the test for a year ... and then getting in deeper with 20000acres... if this doesn't come off i want to see forcke and neuling and couch and the other's up against a wall for target practice...

 

[Agentm]

ok...

bit of a quiet time.. thought i would bring up something visually to get you the appreciation of just how big these companies are..

again pictures can sometimes tell you something..

2 here,

first is texas crude energy HQ...


then the HQ of Conocophilips,, mind you they have offices in houston central, and everywhere else for that matter, this is their tiny little HQ

when i look at these pictures i wonder which one of these two pictures do you think pull the strings in the sugarkane projects???

sometimes a picture tells you a lot more doesnt it...???

now i have my cash invested in these guys safe hands.... via ADI..

you dont become the worlds 10th biggest corporation by making mistakes, and guessing!!!

 

[sbop]

Either CP or one of Saddam's imperial palaces. Both built on oil revenue, only difference with this is we'll get a slice through ADI.

 

[tarzanhey]

Like the pictures of the Conoco and TCEI Headquarters agentM.

but you have to admit TCEI have the better sports facilities nearby - dont you think?

 

[Agentm]

it was a but quiet last night,, i was on google earth and punched in TCEI,, then i sorta laughed when i punched in conocophillips..

i will look at the leases in the 200,000 acres over the next few days, may show some interesting results..

 

[nioka]

Somebody tried to ramp ADI this morning. My detailed quote, 5mins before opening, showed buyers at 80c and a suggested price of 80c. I checked for an announcement, found none and switched back to quotes to find the 80c dissapeared just before opening. ??????????????????????

 

[Agentm]

think about what this means... those stars,,,

how many out there are doing the research???

CAN YOU SEE THE STARS???????????

 

[chance fate]

could be planned wells agentM... but if so in what period? i thought the spacing was 160 acres... that means a galaxy worth just on sugarloaf... should have used proper stars names instead of presidents imo... how about clooney-1h ... or de niro-2h.... or even dame edna-1h (if you want a mega star that is)... maybe kennedy is a memorial to graham kennedy... might be appropriate... and micheal k(c)ane instead of sugarkane and meatloaf instead of sugarloaf.....

 

[tonudiki]

I see mention of the potential 3 tcf for the total 200,000 acre Austin chalk play, but this of course is only for the gas. On top of this there is the potential 500 mmbc . Using the standard conversion of 1 brl of oil/concentrate = 6,000 cu. ft. of gas, the concentrate is 3 tcfe.

So, we are looking at a total potential of more than 6 tcfe from the upper zone only and with the JVP's 20,000+ acres ( Approx. 10% of the total field) a potential 600+ bcfe for the JVPs. Actually, if you look at the AUT presentation they make it about 640 bcfe on their graphs.

ADI have a working interest of 20% on this or 128 bcfe, but there are royalties to pay of 29%, so we have a net potential of 91 bcfe from the upper zone only.

If the 2 lower zones jack up the 640 bcfe to 1 tcfe, then ADI's share of this would be 142 bcfe after royalties. On a fully diluted share basis, the NPV of this comes out at A$5 per share......well worth waiting for.

 

[Agentm]

could be planned wells agentM... but if so in what period? i thought the spacing was 160 acres... that means a galaxy worth just on sugarloaf... should have used proper stars names instead of presidents imo... how about clooney-1h ... or de niro-2h.... or even dame edna-1h (if you want a mega star that is)... maybe kennedy is a memorial to graham kennedy... might be appropriate... and micheal k(c)ane instead of sugarkane and meatloaf instead of sugarloaf.....

what about eddy pogue,, he will be famous one day my scouts tell me, ever heard of him?


the seem like stars that vary in age..

one star is one that has shone before, (poor old john campbell knows so little) some are about to shine very bright.. one there is been switched off for what seems a long time to me.. some are productive stars,,

there many stars that have stage fright and yet to be tested,, and one there i can see looks that good they had another look a week ago from another angle....

buts its definately not the southern cross

All imho DYOR..