ADI - Adelphi Energy

[cicak_kupang]

Took the chance and topped up on a few ADI at the lower end of the
sp today. I expect that we will see votatility in the sp for a while and may go as low as .50, but Agentm is right, the scene/mood has changed, the day traders are in on this one now big time and that will bring volatility with it. Stay in there for the long haul, and hay, this is only half the story, still new taiton to go.

 

[HOMER J]

yes im hoping EKA have enough to join ADI on the extra couple of drills. maybe they will wait till the secondaries have been tested to decide (publicly anyway). Either way it seems like the extra drills must have pretty decent odds for sucess for ADI.

cheers

 

[Lucky_Country]

Based on the secondaries SL is a success so theres no need to panic ADI keeping cards close too there chest when they have all the facts and data watch this baby go

 

[Agentm]

looking at ARQ quarterly released today,,

says same as AUT re hosston

• [font=Arial,Arial]Adelphi (ARC 26% owned associated company) commenced drilling its Sugar Loaf 1 well in the onshore Gulf Coast Basin in Texas, USA during the quarter. The primary target, the Hosston Formation, is expected to be reached in November 2006, with encouraging hydrocarbon indications already encountered in the shallow secondary objective section.

[/font]saying nov as the time when hosston is expected...

still looking for the conspiracy theory..

so i semi claim AUT's even though i have been proved wrong and now claim ARQ is saying hosston is not reached yet..

possibility that drilling may have been struck with various problems and slowed down..

will keep looking for next theory.. wont rest now until i uncover another!!

 

[Agentm]

the report contained 2 references to adelphi,, the second hidden away in the last page of the written report.. am a ARQ investor and was just rolling thru the numbers and suddenly they say the same thing again.. conspiracy theory continues:


• [font=Arial,Arial]Adelphi (ARC 26% owned associated company) commenced drilling its Sugar Loaf 1 well in the onshore Gulf Coast Basin in Texas, USA during the quarter. The primary target, the Hosston Formation, is expected to be reached in November 2006, with encouraging hydrocarbon indications already encountered in the shallow secondary objective section.


[/font]and later in the same report:

CORPORATE REVIEW

Adelphi Energy Limited

During the quarter ARC increased its shareholding in Adelphi to 26.3% as part of a wider placement by Adelphi. Adelphi continues to pursue a number of opportunities both internationally and in Australia with a view to further growing its asset base. The Sugarloaf 1 well (Adelphi: 20%) currently being drilled on one of the largest un-drilled prospects onshore USA has encountered encouraging hydrocarbon shows in the shallow objective section and is expected to encounter the principal reservoir objective Hosston Sandstone section shortly. The New Taiton prospect (Adelphi 25%) is expected to be drilled later in the year. Both wells have the potential to materially affect the value of Adelphi and thus the value of ARC’s investment in Adelphi.


so adding this to the AUT report saying much the same, i am still under the belief that hosston is yet to be drilled...

now i am extremely curious as to what the update brings.

 

[Lucky_Country]

Well at least the report still says expecting Nov so whatever going on will still see the results sometime soon Dec cant come quick enough !

 

[fflintoff]

TARZANHEY & COUCH

Tarzanhey,
Have a go at this link from a back issue of Couch ´s daily reports.
--------------------------------------------------------------------
"Drilling Funds and the wells they participate in.
Just a quick note that may help you gain access to information re: the Dec. Fund and the wells where it is invested. You can access the Well Inventory file thru the website,

www.couchoil.com/books.asp .

Just click on the “Well Inventory File” hyperlink at the top of the page. Once that file (Excel) opens, You can click on the tab (2nd spreadsheet) called “Monthly Drilling Funds” to
see which wells are in the December ’05 Fund. You can look at any of the individual well sheets to get an update on what’s going on with that well."
http://www.couchoil.com/daily/2006/0308.htm

 

[fflintoff]

TARZANHEY ; COUCH & WELLTRACKER

Couch & welltracker. Another challenge for Tarzanhey

http://www.couchoil.com/daily/2006/0117.htm

Couch “Our goal is too have a back office password protected site (welltracker.com) for each investor that will tell him or her:

1. What wells they have invested in.
2. What stage that well is in – drilling, testing, completion, frac, testing, flowing, revenue
3. Reservoir and multiple reservoir analysis to determine the estimated well value.
4. Review of the 4 to 5 available wells drilled in current month and direct reservation and participation system.
5. After you establish your multi-well small oil company in 2 or 3 years (40 to 100 wells)… what small part of cash flow needed to maintain or grow your well reserve cash flow portfolio…. When you want to switch your program to annuity vs reserve building.
6. Accounting models you or your Accountant can review to help lower your tax liabilities with passive well investments.
7. Educational review of internal and external Geology courses available to help you understand our open book type investing.”

More on Welltracker

http://www.enfocom.com/work/drilling_records.asp

Our Work - Drilling Records - Custom Web-based Application Development

Drilling Records Online Application
Drilling Records Application - Custom Online Application Development
Drilling Records is an organization that supplies detailed drilled-well information to clients requiring technical information to make calculated decisions on which techniques to use in drilling a particular area. The data was delivered to customers in the form of a stand-alone desktop application with the required database available on compact discs. As new wells are drilled, the data must be updated and due to the cost of distribution, the compact discs were sent out once a month.
The need to distribute "live" data became increasingly greater as a shorter turn around time for drilling decisions could mean larger savings. Drilling Records also began to recognize the potential for selling the data online.
ENFOCOM was engaged by Drilling Records to develop WellTracker - a web application that provides online search options and enables customers to purchase detailed drilled- well technical information. The "live" data includes graphical analyses of drilling history measured against time. The on-line database contains more than 200,000 wells

 

[tarzanhey]

Re: TARZANHEY & COUCH

Tarzanhey,
Have a go at this link from a back issue of Couch ´s daily reports.
--------------------------------------------------------------------
"Drilling Funds and the wells they participate in.
Just a quick note that may help you gain access to information re: the Dec. Fund and the wells where it is invested. You can access the Well Inventory file thru the website,

www.couchoil.com/books.asp .

Just click on the “Well Inventory File” hyperlink at the top of the page. Once that file (Excel) opens, You can click on the tab (2nd spreadsheet) called “Monthly Drilling Funds” to
see which wells are in the December ’05 Fund. You can look at any of the individual well sheets to get an update on what’s going on with that well."
http://www.couchoil.com/daily/2006/0308.htm

FLintoff

Ran the website update program and found i think around 8 additions or updates but nothing about our special area of interest. Sorry

 

[djones]

Report out now. Basically a nothing to report report. People will sell as they are impatient after reading that so I will be buying ADI today. Hopefull for 50-55c.

 

[maverick11]

17,950ft and still not quite into hosston. Week delay after changing drill bit

 

[Broadside]

good news to me...still 100% of Hosston to be drilled :

 

[HOMER J]

yep you were on the money AgentM..... not in hosston yet
the market was getting worked up about nothing yesterday lol...

 

[Agentm]

as i thought, the drill bit replacement takes ages..

yet to reach hosston sands.. so this should impact well on the share price.

looking forward to trouble free drilling and a trading halt in the coming week..

it says its drilling ahead,, but it also doesnt say its current depth is any different to last weeks.. so we assume that as soon as they can drill they will..

thats now a 2 week delay,, which for anyone who knows rigs is pretty expensive.. so add a few mill to the rig costs here also.

i would like to see who is prepared to sell now.. would you?

 

[maverick11]

yes, rig cost would be around $500k per week, with staff, etc on top of that. Just imagine withdrawing 17,500ft of drill rods to replace the diamond drill bit, then lowering it back down the hole....massive job and I'd say they're probably using 45-50ft drill rods.

They were on the money with the secondary depths, but it looks like Hosston is a little deeper than anticipated. Surely they must be so so close now??

Can anyone tell me, are they planning to release a preliminary announcement once they hit hosston and possible revealing they have a gas show, or are they going to wait til they hit bottom @ approx 21,00ft then reveal everything in 1 hit??

 

[Sham]

Exciting isn't it ? We are at a point in time when massive profits could easily be in reach. Which way will the cards fall ?

 

[Lucky_Country]

Well hoping for a trouble free end too SL and hopefully an announcement between now and next weeks updat im thinking Monday if the drilling picks up the pace

 

[maverick11]

Can anyone tell me, are they planning to release a preliminary announcement once they hit hosston and possibly revealing they have a gas show, or are they going to wait till they hit bottom @ approx 21,00ft then reveal everything in 1 hit??

If it's the latter, it wont be till late Nov.

 

[Lucky_Country]

Personally i feel they may release some kinda announcement if they hit gas just too update the market and keep sp under control too keep asx happy

 

[Agentm]

it wouldnt be possible for them to keep a lid on the discovery so they are required by ASX rules to disclose any information. so any significant find will be released immediately, and less important information is disclosed on the weekly report..


stock is at a great price but the volumes are pitiful.. tiny trades..

what would i would have thought the stock would have risen with expectation like a few weeks ago.. there is no frenzy today,, maybe too many stuck in the GDN saga?

great buying opportunity