Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

Hi Agentm. Agree with you that at the moment ADI is the better value simply because EKA has run harder. back when i was buying EKA at 20c it had a market cap of something like 11m with options included and ADI if i remember right was in the low 40s with a market cap of 4X EKA. the options back then were the best leverage at around 8-9c. Now EKAs market cap is closer to 20m. They have 39.7m heads (as announced on the 25th) and 41.5m options plus are issueing upto 11.9m shares in the recently announced issue. the issue will raise upto 1.36m + another possible 1.25m with 570 holders entitled to 10000 shares each.

note the percentage gains predicted in ADIs report we taken with ADI at 31c and EKA at 25c. But back when i was buying EKAO were the highest risk/reward in my view at around 8c. Things are different now obviously. So the question is why is ADI lagging? it seems like the potential upside isnt being factored in at all....

cheers
 
Well i just dont think their post hosston future looks very exiting thats all. their other prospects dont seem too hold much, and i believe there are better players out there doing similar things with better management and more sound prospects. For example STX, COI,AZZ have a look at these, good solid management with US exploration experience.

Obviously i would love to have bought when they were in the 20c range, a nice little gain! i just think if Hosston does not come in you will see them half, with nothing exiting to offer in the future. once again just my opinion and i am wrong more often then i am right!
 
itchy

what makes you think hosston isnt a success already??

2 secondaries are discovered and ADI is drilling 2 wells on that alone.. couchy wants to drill 100..
 
Several E Mails a week from C Couch Esq

Several E Mails a week from C Couch Esq


“In my opinion, the ‘Unique Value Proposition (UVP), of Couch Oil & Gas, is based on the company’s ongoing willingness, and unique ability to differentiate itself from other oil & gas companies in a number of ways. Specifically, Couch Oil & Gas has an ‘intense desire’ to understand and has a ‘proven track record’ of adapting to the needs of present day oil & gas investors. Couch demonstrates, and accomplishes this chief goal, and primary aim, in a variety of ways. They only invest on a ‘heads-up’, or ‘cost’ basis; with ‘Industry Partners’. These are the ‘professional insiders’; who are on the ‘cutting-edge’ of technology. The most successful ‘industry players’ only invest in the key, and proven to be, best producing area’s of the United States. Their chief, and frankly only goal, is to find, and recover, large reserves of both oil & gas. These are the guys making the big money, and the same ones who have the best track records… The two states they primarily focus in are Texas, and Louisiana. The biggest and best producers of oil & gas in the united states makes an investment on behalf of itself, and its private investors, with these top industry players. This is the unique selling proposition it offers to the private investor, who wouldn’t get this chance, to directly invest alongside the most successful of the industry players.

These ‘big boys’, or insiders usually don’t like private investors in their deals…the reason is because they need to know unequivocally, that a firm commitment is going to be made to participate, and fund the myriad of costs associated with development of their most lucrative prospects. Big, complex deals require a consistent availability of funding. Whimsical investors are the bane of industry players. Private investors typically want to be able to hit and run, that is, invest when they want to, and move-on to something else, whenever they choose. This doesn’t work in a complex, expensive, and most likely long term development plan associated with the ‘best oil & gas deals’. So, the answer is, you need to be associated with a company that plans to ‘stay the course’, and make the necessary commitment in time and money, to be accepted, and trusted as a ‘industry player’, who is going to live-up to their end of an expensive, and complex development effort.

Packaging multiple well drilling and production programs greatly minifies risk; but this is only a part of the equation for insuring that you make investors and yourself money. Couch Oil & Gas now has the expertise to play a primary role in the generation, analysis, and selection of potential prospects to develop. Couch Oil & Gas has earned the respect of other industry partners they participate with in development opportunities. It becomes a matter of trust…if a deal being selected doesn’t pass muster, however, the trust erodes, and the relationship is usually doomed from the start. This isn’t typical expertise for a promoter, offering most ‘promoted deals’, or those deals offered by, ‘sales type promoters’ working with operators. Usually, the operator finds the prospects, and then may offer some ownership interests for sale. They in essence, often have, a simply “take it or leave it philosophy”…or in other words, “my way, or the hiway”. This ‘attitude’, which is still very prevalent in the oil & gas business today, doesn’t endear you to very many investors. Many oil companies of all sizes, still have this philosophy, that is, that new investors can always be found…this short sighted attitude, doesn’t bode well for building a company, and it’s assets, or for making money for the investors who brought you to the dance.

Couch Oil & Gas is structuring and offering very unique oil & gas programs of investment, that have not been seen in the past. Their philosophy involves structuring investment opportunities that take in to account the three primary motivations, and goals of modern day private investors. These three primary goals are: 1) the desire to avoid losing their initial capital 2) begin getting returns quickly…within six months of making an oil & gas investment, and 3) being able to quantify the multiples on their money, have some idea in the beginning, based on solid, and cutting-edge technological advances, and engineering expertise, that can accurately determine the ultimate return on their investments.

These are some of the ideas I would consider that make Couch Oil & Gas unique, and particularly well suited for dealing with private investors who want to invest with a private oil & gas company over the mid and long term And build a portfolio of excellent oil & gas investments in the process.



Positively and successfully yours,



Bill Porter


P.S. I did not get into the technical aspects of how Couch Oil & Gas and specifically how its industry partners achieve the goals achieved in their development efforts. These technical details and methods are continuously discussed in ongoing email updates by thecompany. Charles Couch provides regular email updates, usually several times per week. Hope this helps you, if you have additional questions write them down, and give me a call at 972.841.4468.”
 
look like "over phrased" and "complete spin" to me.. couchy and his management are hard and fast spruikers of their wares..

Like the news article from last week, re couchy having been pulled up for trading illegally without licences to do so in two states.. they went from being lucky on a single well, to becoming an investment business, with long and low returns to investors, to suddenly being in on a fairly staggering field.

I saw that MEC resources have announced a deal with Bounty to tackle "biggus" off the NSW coast on lease PEP 11. 1.2 TCF potential..

I heard it on the radio as well this morning.. They are excited about the prospect and are prepared to throw 22 million at it..!!!

I prefer onshore investments in oil.. The cost of rigs and development is massive.. the reasons why sugarloaf is as attractive as it is revolves around the fact its just a case of find and plug it in to the network... no building pipelines,, no expensive offshore rigs,, just simple and easy..

i know 1.2 TCF may be exciting to investors,, but up to 6 TCF at sugarloaf is doing it for me..

cant wait for the announcements.. i guess when it happens there will have to e an immediate trading halt..

cheers
 
HOMER J said:
Hi Agentm. Agree with you that at the moment ADI is the better value simply because EKA has run harder. back when i was buying EKA at 20c it had a market cap of something like 11m with options included and ADI if i remember right was in the low 40s with a market cap of 4X EKA. the options back then were the best leverage at around 8-9c. Now EKAs market cap is closer to 20m. They have 39.7m heads (as announced on the 25th) and 41.5m options plus are issueing upto 11.9m shares in the recently announced issue. the issue will raise upto 1.36m + another possible 1.25m with 570 holders entitled to 10000 shares each.

note the percentage gains predicted in ADIs report we taken with ADI at 31c and EKA at 25c. But back when i was buying EKAO were the highest risk/reward in my view at around 8c. Things are different now obviously. So the question is why is ADI lagging? it seems like the potential upside isnt being factored in at all....

cheers

Hi Homer / Agent M well I think Agent M has a valid point EKA will need to raise some funds should the secondary targets need to be developed...of course that would be a very good problem to have because the secondaries would need to be economic to justify that expenditure....the options conversions will raise a lot of money in the future but they don't expire till 2008. What we are discussing is which company has the biggest upside to Sugarloaf success, like Homer I went into EKAOs sub 10 cents when no one was particularly interested in them, and sub 10 cents they represent huge upside (and risk) to SL regardless of future capital raisings. Maybe they aren't as good value at 20 cents but obviously still are very highly leveraged which is why they are being so strongly accumulated even at these levels.
 
Hi guys, nice to see all three trading up today. Interesting to note that AUT could be about to go thru a triple top (closing prices) at 60c. could run nicely if it does.
 
different volumes at different times for all stocks..

gdn is amazing to watch.. like a yo-yo

ADI has had 3 steady days of 3% falls and is a little up today so far,, volumes already at the daily average for the week..


currently its only back to where it was 4 days ago..

if we get some growth today from now we may be starting to catch up to the other stocks on this sugarbaby.

anyone want to punt that some profits from gdn are being thrown into the equation??
 
0.56 yeah baby! News imminent or daytraders? I noticed this stock picks up on the hope of news release then sells down in the last 10mins of trading, like yesterday. I want to buy more today... looking for a good buy in price??? :banghead:
 
cant see anyone selling eka under .44 !!!! what the???

all three stocks are now being hit hard...


this is unprecidented... volumes are nuts and prices are staggering


in terms of guessing,, i am guessing theres something happeing out there..
 
Hehe i was just thinking the same thing Agentm! could be GDN traders switching and people getting set before the weekend, or could it be, dare i say it, a leak? :) they all ran like this just before they announced gas in the upper zone. maybe im dreaming but hey, its fun watching :p:
 
EKA is settling back down now. Geez, buy more ADI now or hope for an afternoon sell off...presuming the news is not due today that is :rolleyes:
 
It looks like something is going on.....................

ADI and EKA up nearly 20% each, volume through the roof.

No announcement.

Fingers crossed they go into pre-open soon and there is an announcement............
 
I was in Oxiana a couple of weeks ago when there was all the takeover speculation, they went into preopen twice and I nearly had two heart attacks!!

If ADI goes into preopen today I think I will have another one!
 
personally I think it is just GDN profits being reutilised

incidentally someone suggested GDN is now being stalked by Woodside, now that is hilarious but full marks for imagination

GDN talk about a ramper's wet dream
 
so far we have only made up the 3 days of hard losses...


AUT and EKA have made gains over the last three days and are doing fine again today..


oxiana is a great stock to stay in for.. last takeover speculation was not answered by oxiana, unlike the previous ones,, i would have thought that is good enough reason to think they are close to something..
 
Jumped in and bought a few adi this morning to keep my eka holding company. Always nice to see the price jump after buying but in my opinion these shares are still a good price. Would not be surprised to see another jump in price towards close. With no trading till monday whats the chance that they will have a hit in the hosston formation and go into a trading holt monday morning ? The chance maybe small but its there and if that happens boy oh boy strap yourselves in for a rocket ride.
 
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