ADI - Adelphi Energy

[Lucky_Country]

Its definately not all doom and gloom just getting a bit frustrating as we have been waiting a long time waiting for some definate positive news.
I personally would not rule out any of the zones unless they have been horizontally drilled then fraced upon which time no more could be done too make them commercial.
SL 1 is just being used as an information gathering system at the momment may 1 day become a horizontal well itself upon completion of vertical frac and flow testing of all 3 zones.
The next week will be interesting with the Kennedy 1 well drilling deeper into the upper zone hopefully producing higher reading but still may require fracing.
Good luck too all !

 

[Agentm]

ARQ has not even completed this merger, it could go two way or spanner into a three way fromidable merger..

all assets would be reviewed,, thats logic..

no way will ARQ release this one until the fat lady sings..

and i would be staggered if kennedy 1H did not replicate kunde 3..

 

[Evangeline]

Well the new top 20 list is out on the website. Quite substantial changes....ARC still has the same holding however. HSBC Custody Nominees has sold out...previously was the second largest holder after ARC. New is Tricom Nominees with 1500 and JH Nominees with 500k, as well as Mr Paul Nagle.

 

[nioka]

All this negativity is likey to make me paranoid.

Admittedly I sold out half my holding in AUT first thing this morning at .54then bought ADI at .52s

It's groundhogs that are making me paranoid. I considered selling AUT and buying more ADI as I would have done in the past because of the relative prices. I decided not to, but to continue holding AUT as insurance, because AUT has some other prospects apart from Sugarloaf.

 

[fflintoff]

Three way merger is inaccurate which is hardly surprising considering the prior bad blood between Nexus & Anzon:-

“Nexus also notes today’s inaccurate media speculation that it is in discussions with Anzon and ARC in relation to a three-way merger and wishes to clarify its position.
Whilst a merger proposal with respect to Anzon was put forward a number of weeks ago, the proposal did not extend to a three-way merger and such a proposal is not under consideration by the Board of Nexus.”

 

[Lert]

Well the new top 20 list is out on the website. Quite substantial changes....ARC still has the same holding however. HSBC Custody Nominees has sold out...previously was the second largest holder after ARC. New is Tricom Nominees with 1500 and JH Nominees with 500k, as well as Mr Paul Nagle.

I see that the missus Streitberg still has her 1.2mil shares (my barometer so to speak) I took the chance to double my holding today at a 10% reduction in average buy price.. sitting tight..

 

[Metron]

Well the new top 20 list is out on the website. Quite substantial changes....ARC still has the same holding however. HSBC Custody Nominees has sold out...previously was the second largest holder after ARC. New is Tricom Nominees with 1500 and JH Nominees with 500k, as well as Mr Paul Nagle.

I was a little uncomfortable with HSBC selling their 4.6 (ish) million shares when I found out last week...

Tricom however bring some fresh credibility given their prior connections/relationship with Babcock & Brown.

I don't know much about JH Nominees but they are Top 20 ARC ShareHolders so no big surprises there! (I assume a phone call from ARC helped in placing the stock!) UPDATE: ALSO TROJAN!

As for Mr. Paul Nagle, he is a real Estate Agent from FNQ but more importantly is a Trojan client.

Incidentally, if you were to do the sums, Trojan in it's various forms and related people easily hold down the theoretical Number 2 spot close behind ARC Energy...

It seems Troy Harry (Trojan) swept them all up!

Metron

PS. All this information is *Easily* available form a quick Googleing

 

[Evangeline]

Yes..I noticed a strong connection with Trojan with many of the top 20...interesting. Thomas Brian Cannon..who has been accummulating steadily over the last couple of months and now has 880k, was an executive in Pipenetworks....and one of the directors of Trojan is also with Pipenetworks.

Hmmm......what does it all mean?

 

[Metron]

Yes..I noticed a strong connection with Trojan with many of the top 20...interesting. Thomas Brian Cannon..who has been accummulating steadily over the last couple of months and now has 880k, was an executive in Pipenetworks....and one of the directors of Trojan is also with Pipenetworks.

Hmmm......what does it all mean?

Pessimistically it means there is not a lot of "Breadth" to the stock...

But that is perhaps a bit "glass half empty"...

 

[zander]

I am not holding.
Maybe this is of some use to holders maybe not:

One of the things the merger will do is give
us the impetus to look closely at the assets outside our core areas. These include
the Anzon New Zealand assets and our Yemen assets and our holding in Adelphi.
These will all need review in the context of the new asset portfolio.
corporatefile.com.au
Thank you Eric.

 

[Agentm]

so the trojans are still buying.. great to see.

I think if i recall there is well called kennedy 1H drilling a 5000 foot horizontal in karnes county..

should think about that as who is buying what, and who mergers with whom is all very interesting, but its not exactly going to give you cash in the hip pocket!!

all holders must be getting flighty now, and there is plenty of crews around on all the stocks waiting for the stock to come on the boards..

the stockmarket is a means of transfering wealth from the impatient to the patient..

thats what i am seeing..

look at the big picture, look at who is spending literally countless millions on the play, have they stopped, are they convinced the chalks dont produce? if they are not then either am i !!!

 

[Evangeline]

Glad to hear it M, certainly took a body blow yesterday. Not much point jumping prematurely though...all those new major shareholders from last week must have been pretty convinced to take out such big stakes....wonder how they are feeling after big drop yesterday.....or are they better informed than us mere mortals?

 

[Agentm]

they pinned their ears back and bought up bigtime!!

its greats prices right now, so plenty are taking advantage, and why not!!

there are now 3 horizontals in the sugarkane and no sign of it stopping..

i am not convinced conocophillips and TCEI are at all slowing down, baker 1 is drilling away and we see the successes of Kunde 3 is just a handful of miles away..

plenty happening in kaarnes and live oak....

 

[Evangeline]

Well at least the bleeding seems to have stopped...very low volume. ADI seems ok, but I'm a bit worried about the EKAOs I picked up the other day....if this waiting game stretches out too much longer. Hohum...

 

[Lucky_Country]

Kennedy 1 should be drilling ahead quite nicely in the horizontal by now.
If they are true too there words we should hear some news in quick time if successful but if we hear nothing by next wednesdays update then i would be worried

 

[Agentm]

i wouldnt assume anything at kennedy now.

i looked at the top 20 on eka today,, i noted a certain person who also is a broker has accumulated a lot of shares and options.

i think its obvious those who are close to the action are topping up big time..

very bullish signals here imho..

 

[mick z]

i wouldnt assume anything at kennedy now.

i looked at the top 20 on eka today,, i noted a certain person who also is a broker has accumulated a lot of shares and options.

i think its obvious those who are close to the action are topping up big time..

very bullish signals here imho..

how is it they are topping up big time when i see only low volume.
one of the top 20 has sold out, why would a top 20 holder sell out ? you would think a top 20 holder would be in the know.....puzzled

mick

 

[Agentm]

mick you cant assume to know all the reasonings for a top 20 to sell out, but each time it happens a bunch of it goes one direction..

the adi top 20 had had a lot of big buyers,, sometimes the company isnt obvious to the person looking who they are.. once you figure it out the volumes you see (like the 4 mill the other day) appear in other peoples hands on the next update. I keep the updates and then check them against the next ones..

you see one exit,, i see people coming in and others getting more.. i dont know the one who left, but i know about the ones in and newbies,, allgood imho

 

[Evangeline]

Well a of them went to people associated with Trojan in some way.....Trojan are a fund........there's plenty of other investment funds too - like ANZ and SG etc......Is Trojan a broker?

 

[Evangeline]

What we do know about the new top twenty....

Mr & Mrs Nagle are investors in Trojan.

Mr Cannon ( who has been steadily accummulating huge chunks) is an executive in Pipe Networks (an IT operation).

The chairman of Pipe Networks is also a non-executive director at Trojan.

So Trojan now has, by association, about 2.6 million shares.

But nobody knows what is in S1 and Kennedy until they test it...

Why did the second largest holder HSBC sell out at this critical juncture?

Big shakeup in the company - everything pre-arranged for massive chunks of the stock to change hands.

So it seems Troy Harry once worked for Morgans and is indeed a broker from Brisbane now running his own operation.