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ADI - Adelphi Energy

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nioka said:
I don't agree with you on that point. By comparing them on a regular basis and trading according to my calculations I have been able to increase my holding, take some profit, recoup my original outlay and still hold a reasonable parcel. The recent events have helped and I'll continue to compare and trade the differences as I see them. I am mainly in ADI now after a period where the AUT price has exceeded the ADI price but will still look for opportunities to trade either way.

Both will benefit from some good news, today ADI has more to gain than AUT if the prospects prove up to expectations. Tomorrow could be a different ball game.
Click to expand...

read hartleys report, AUT is not in any of the projects mentioned, you are absolutely incorrect..,

as i have said before, i have admired how you have traded before between them, but adi is not a one play stock like EKA an AUT.. sugarkane is the common theme between them but it no longer is relevant once other projects come into play..

if you have this opinion on AUT then you have to say right now BUY has to be fluctuating the same price percentages as ADI, as ADI is also in wisteria which is close to being drilled, and later when yemen is drilled in 2009, are you going to draw the same differences to oilsearch?

AUT has a far greater exposure to sugarkane Nioka, and would attract a different investor with the taste for an "all in or nothing approach to the suagarkane"

If you think the one play stocks like AUT and EKA will now increase on the drill results form wisteria and later in yemen then your perhaps going to be miscalculating somewhat..

i agree whilst only one play was in motion the trading between the various shares was likely to be stable and allow for predictable outcomes, imho the fluctuations on the ADI sp with other projects like yemen, indonesia and wisteria will make the valuations between the shares a lot harder..

good luck if you can still achieve the cross overs nioka, but i can assure you i cant get any value for all the ADI projects by investing in AUT or EKA.. they are different stocks with distinctly different risk profiles and exposures to the suagarkane in acreages also..
 
Agentm said:
read hartleys report, AUT is not in any of the projects mentioned, you are absolutely incorrect..,

as i have said before, i have admired how you have traded before between them, but adi is not a one play stock like EKA an AUT.. sugarkane is the common theme between them but it no longer is relevant once other projects come into play..

if you have this opinion on AUT then you have to say right now BUY has to be fluctuating the same price percentages as ADI, as ADI is also in wisteria which is close to being drilled, and later when yemen is drilled in 2009, are you going to draw the same differences to oilsearch?

AUT has a far greater exposure to sugarkane Nioka, and would attract a different investor with the taste for an "all in or nothing approach to the suagarkane"

If you think the one play stocks like AUT and EKA will now increase on the drill results form wisteria and later in yemen then your perhaps going to be miscalculating somewhat..

i agree whilst only one play was in motion the trading between the various shares was likely to be stable and allow for predictable outcomes, imho the fluctuations on the ADI sp with other projects like yemen, indonesia and wisteria will make the valuations between the shares a lot harder..

good luck if you can still achieve the cross overs nioka, but i can assure you i cant get any value for all the ADI projects by investing in AUT or EKA.. they are different stocks with distinctly different risk profiles and exposures to the suagarkane in acreages also..
Click to expand...

The facts you present I do not disagree with. That is why in a previous post I said that the situations are now NOT equal as I had seen them in the past. I did say that the balance had swung in favour of ADI and I am surprised that today the SP of AUT still exceeds that of ADI. AUT still has some value as insurance against failure by ADI in Yemen, Indonesia and Wisteria. If the price relationship changes so that ADI is 15 to 20% ahead of AUT I will again trade back a proportion to AUT.
At the moment I am busy trading MCR for OZL, so far successfully, by selling MCR at todays top and OZL a buy at near the bottom for a 10% increase in the number held and some petty cash left over.
 
map of the next well for ADI

its more or less heading south from where kennedy went north..

i would like to see more details on wisteria and this well come through, as well as how the 3d in yemen went and how indonesia is going..
 

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Wisteria-1 Prepares to Commence Drilling

Adelphi Energy Limited is pleased to advise that the Seadrill “West Atlas” drilling rig which will drill the Wisteria-1 exploration well in AC/P32 has arrived on location, jacked up and is preparing to spud. It is anticipated that the well will spud later today.

Wisteria-1 is being drilled in 97 metres of water to a planned depth of some 3,323 metres.

The well is designed to intersect the Puffin Formation reservoir just inside the pinch-out edge of the Puffin Sandstone and coincident with an amplitude anomaly. The well will then intersect the Montara and Plover sandstone targets on the crest of a separate culmination, at the Jurassic level, vertically below the Puffin play. It is expected that the Puffin sandstones will be intersected approximately 12 days after spud and the well will reach its planned depth within 3 weeks. The AC/P32 Permit is located in the Vulcan sub-basin off the coast of Western Australia, and is surrounded by a number of existing oil and gas production and discoveries including Jabiru, Challis, Cassini, Skua, Swift, Puffin and Montara.

The Wisteria prospect is well defined by 3D seismic and has the potential to hold more than 200mmbbls of recoverable oil. Potential reserves (P50) for the Puffin reservoir are estimated to be 174mmbbls while the Montara and Plover sandstone reservoirs have potential reserves (P50) of 21 and 12mmbbls respectively.

Adelphi Energy is virtually free carried through the drilling of this well following farmout to Cosmo Energy.

Chris Hodge, Managing Director of Adelphi Energy commented that:

"This Wisteria prospect has a bit of everything – multiple targets, high upside and an excellent overall chance of success. Even a relatively small discovery of just 5mmbbls can be economic because of the closeness of the Wisteria prospect to the operator Coogee Resource’s nearby Montara facilities.

We are also pleased to welcome Cosmo Energy of Japan to the joint venture - a move which endorses our strong technical view of the AC/P32 permit and allows us to be near fully carried through this very significant well”
 
Exciting times ahead, would I be wrong in saying that it's a good sign the Japanese are on board for wisteria?
 
Interesting that BUY (Bounty), with their 10% interest in Wisteria (7.2 % costs) Sp has risen 30% today (2.6 million shares traded) ........ on the same news ADI has reported .......... Obviously some confidence being shown on the play ....

ADI up only 6% ........... Bit of hesitancy being shown, but that is to be expected considering the time frame we have been waiting.............. I think there will be a few more buyers stepping up to the plate soon ...... If/when this finally runs, it could be like a runaway train, or maybe that's just wishful thinking ;)
 
hey hatchy

for cosmo its not a company maker, but a good addition to their list of prospects.. for adi its a company maker if they larger targets are in play..

i believe the fact they are onbaord speaks for itself, they have a pretty stringent risk profile on these type of plays i hear..
 
I trust everyone is holding the faith down there. the UK is into a bank holiday weekend - and as usual for these events, its raining, the rail network is all but closed down, and clown cocked up in blowing up a couple of cooling towers next to the M1 motorway, so they have closed that for a while as well.

I suppose the only thing to do, is to get out a few tinnies and make the most of it.

There is obviously a lot going on over the winter / summer (whichever) and we should be seeing interesting things happen by Christmas.

regards

father ted
 
Hi M,
Yes, I would have thought the Japanese would have a stringent risk profile when it comes to foreign investment. If anyone does the research.... it'd be those guys.

Surely we have a horizontal section going ahead this week over in texas and that'll probably show high pressures.

Kennedy went too deep is what i've heard. Is that possible?

Hatchy
 
May or may not be of interest,taken from the iii site.

1) hey guys, i'm knew at this chat stuff. i'm one of the land owners pooled into the kowalik well and have lived her all my life. Here is some i on the spot info. TCE has 5 new stacked pad sights that are being bid on this week. there is a 7.5 inch production transport line being dug, as i type, across pooled property. it's there and they are going after it. infrastructure is also being performed to get product transported.

2) hold on cowboy, i don,t know who psssst whom off. i'm not here for that. i just came from the ranch (pooled proterty) and the right of way has been cleared by johnson construction and pipe is being devilered monday -texas time!

you guys want me off this message board. just state so. or ask me sight ? s

3)i have to chuckle (laugh). i'm american but worse for you guys, texan. 1st of all, i missed spelled staked. sorry. let me explain some laungage. the geologist give the TCE well site supervisor a map of the next place/s to drill. the site supervisor goes to the land/property site and stakes/flags the site. (this is where the next drilling platform will be placed on) there has to be a heavy equipment type construction leveling/clearing of the land then a foundation pad built (with certain type and thickness of dirt material for an all weather work site) to hold the drilling rig, platform, housing, equipment and transportation vehicles. this is called a site pad/pad. It takes approximately 10 days to 2 weeks to get this site pad, service roads, water wells/access, fencing and entrance gates ready. TCE site manager has directed a construction site company (johnson construction) to bid (cost proposal) on the next site pads. there are 5 staked/flaged well sites as of august 21 nin this area by TCE. the next one on record is the weston 118. our neighbor, mr. opelia, is next in line. (the weston well has been named and recorded with texas railroad commission. i do not know what the opelia name will be) the reason why i know about this opelia is that my stepfather is signing a statement of land/property owner knowledge for TCE. This statement is a witness statement of property rights, boundaries, family land feuds ect. My family is not in the weston pool nor the opelia. the weston well is approximatly 4 miles south/southeast of the kowalik which is going to be a 1/2 mile or so (east/northeast) from the kennedy. this is on farm to market road 626 (fm626) east of the kennedy well at el oso, texas. if you get on google maps and ask for el oso, texas, you will see cr 171 and 626. (upper left 1/4 of the screen) this is where the kennedy well is. the weston family house is the house to the right of the 171/626 corner. to see the weston well site, pull out of map zoom and when 626 turns right/east, that makes the north boundary of the weston pool acreage. keep pulling out of zoom and you will see lenz in your upper right screen. keep following 626 north (up) to 2102 and go west (to the left). opelia property is on north side of 2102 at this entersection. keep going west (to the left) and you well see cr190 T-ing off northwest of 2102. zoom in st tight as google well let. the right hand corner of cr190 and fm2102 is where the kowalik well is!! This kowalik well is close to the northwest boundary of he sugarloaf field. kowalik well is horizontal southeast back towark el oso, the kennedy well. have fun with this. welcome to SOUTH TEXAS. o by the way, my family owns the texas longhorn steer named WOW. google (wow, texas longhorn steer) and see what else is big in texas. to my overseas friends, have a good day. hope this helps.
 
Johaud .... that quote is on several boards. If we have absolute proof then each JV would rocket. We need photographic evidence. If 'i-on-spot' is a resident then ask him to take his digital camera for a walk.

Could someone ask 'i-on-spot' to join Advfn and post a few photos.
Let us see a few notices of licence standing/posted on Sugarkane sites. If he is resident then he has the opportunity to spy!
 
the clown is back i see..

if tcei are puting in 5 pads it is a positive indication that the potential for a second drilling rig is being considered. in live oak there are plenty of new pad sites noticed also..

we are told of 3 more wells for our jvp, which means there are potentially 2 more sites that TCEI is looking at with one of its partners..

Wisteria is now on its 4th day in on drilling, 8 days before it reaches the puffin sandstones

"Potential reserves (P50) for the Puffin reservoir are
estimated to be 174mmbbls"


yes please!!!
 
buzzbuzz100 said:
Johaud .... that quote is on several boards. If we have absolute proof then each JV would rocket. We need photographic evidence. If 'i-on-spot' is a resident then ask him to take his digital camera for a walk.

Could someone ask 'i-on-spot' to join Advfn and post a few photos.
Let us see a few notices of licence standing/posted on Sugarkane sites. If he is resident then he has the opportunity to spy!
Click to expand...



so buzz you would like him to give you inside info on a public board, LOL.
ican't believe your asking, would you like my bank details to.
 
Does anyone want to hazard a guess as to where the share price might go?

What could it do with announcment of a clear win on kowliak?

What could it do with announcement of a win on wisteria?

I'm in the process of working out at what levels I will trade out (if at all)
 
solomon said:
Does anyone want to hazard a guess as to where the share price might go?

What could it do with announcment of a clear win on kowliak?

What could it do with announcement of a win on wisteria?

I'm in the process of working out at what levels I will trade out (if at all)
Click to expand...


wisteria and kowalik are potential company makers.. both plays are extremely good to an investor with the desire for high risk high reward profile imho..

places to start your research are adi presentation recently page 25 & 22

Conclusions

• Activity / Leverage / Diversity

• Sugarloaf – Chalk play in area is proven, $2.55 cps success case value

• Kennedy-1H oil saturation proved; test still in progress

• Kowalik -1H spudded - the first of up to 4 consecutive horizontal wells

• Wisteria-1 – Multi-target high impact near fully carried well; $2.61 cps success case value

• Yemen – 3D seismic is complete. Block 7 is Oil Search operated; world class with a 110mmbbls discovery within 10km of block

• Indonesia – Well positioned to win a block in the upcoming bid round with pre-bid farmout already secured for a significant work program

………a very exciting year ahead.


http://www.adelphienergy.com.au/files/August 2008 - Investor Presentation.pdf


or the three recent broker reports....


stock analysis

http://www.adelphienergy.com.au/files/brokerreports/Stock Analysis 24.06.08.pdf

hartleys

http://www.adelphienergy.com.au/files/brokerreports/Hartleys Broker Report - 27 June 2008 .pdf

strachan

http://www.adelphienergy.com.au/files/brokerreports/Strachan Corporate Report 9 July 2008_0.pdf

good luck to all holders..
 
Thanks AgentM, I wasn't aware of those recent reports. Between the recent reports and your comments I have more than enough to make an informed decision. If there is success at either I won't be selling at anywhere near the current price.
 
Blind faith?

Having questioned the validity of two annonymous Texan posts I have been emailed and apparently identified as trashing posts. I do not wish to copy/paste the email. Perhaps Agentm could explain his reasoning. :eek:
I continue with my large holding of EME shares.


Mick Z ... no thanks. I have no need of you bank account details. I am already very wealthy. Cash comes by being very cautious and checking facts.
 
great news tarz

i will map it and post it a little later, but the program of drilling looks great to me..

i expect an update tomorrow on kowalik, and it would be an opportunity for the jvp to announce officially these wells to all their shareholders..
 

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