ADI - Adelphi Energy

[sam76]

At least OPEC has agreed to cut output by two million barrels a day.

should have a flow on effect to oilers tomorrow.

 

[mick z]

ahhhh......so Barney no story tonight straight to bed. lol

you big meanie.

i have to type one hundred characters. hmmmm that should do it.

 

[solomon]

Well Barney that you've got a story to tell is about the best news I've heard all day. I'm hanging in for $2 just to hear the story. Is there anything that could make you yield.

 

[barney]

ahhhh......so Barney no story tonight straight to bed. lol

you big meanie.

i have to type one hundred characters. hmmmm that should do it.

Well Barney that you've got a story to tell is about the best news I've heard all day. I'm hanging in for $2 just to hear the story. Is there anything that could make you yield.

Haha ........... You guys have no idea how much I need to tell the story!! But I wont relent

Tell ya what .. I'll do a deal ...... The story gets told at a buck 99 ($1.99) ... Can't be any fairer than that

Seriously though, what a dog fight this stock has tuned into .... very disappointing all round. I remember Agent made the comment early on "why did the JVP's get asked to participate" in this potential boomer??

We now have the answer to that .... TCE needed to lower their own exposure cost wise because the whole play was speculative ........... With Ozzy minnows footing a portion of the bill, they could still do things the way they wanted without any serious repercussions ....

We aren't down and out, but lets face it, we don't get much say in what goes on .......... I quizzed Chris Hodge a while back as to whether TCE had ADI's best interest at heart ....... He said they did, but I've never been 100% convinced ..

Like I said, I have resigned myself to pass this one on to my children. I just hope they get the benefit of the potential that we have all seen ...

Then again we might all get lucky, ..... but I'm not looking at telling my story anytime soon to be honest ........ unfortunately.

 

[Agentm]

the essential problem is this jvp has not the cash to burn on a greenfield play such as this.

imho the Conocophillips side of things will go on regardless, but in 2009 it may be scaled back somewhat, and for very good reason.

rig operators are stacking up rigs all over texas, so its telling me that the unconventional plays like the chalks and the shale are not going to be drilled on economic conditions alone.

that doesnt mean this play is not without its merits, it needs two things that adi spelled out very clearly in their agm to be prevalent. whqats happening now is no shock for anyone..

adi is joining the rest of texas and going into sleep mode until a warmer and more welcoming climate is on the horizon.

you cant be critical of the operator nor adi for the "perfect storm" as its described.

my view on sugarkane (eagleford chalks and the mystery 3rd zone) remains as before, its proven to be there, but as yet the jvp has to experience success in the drill.

historically plenty of green field exploration wells performed badly or not at all until the right drilling processes were understood and developed. whereas we have production in the two wells drilled in both the eagleford and the chalks with further works scheduled.

Weston is the best chance on the play in terms of using previous histories and understandings to get a long completion "in the zone"

would have better to have 4 wells drilling in 4 locations to prove it up, but two is all that will happen in the near term.

kowalik is due for a fuerther works, and it appears a lot of live oak wells are getting operations on them as the sites become active again.

i can assure you of one thing, its clear that in the proposed development of sugarkane that was touted by some of the jvps for 2009 are not likely to occur as the operators have clearly informed many in the region that plans have changed.

if opec do their thing and things stabilise in 2009 to allow the economics to return, we may see oil rise, drilling costs dramatically come down steeply and perhaps a favorable dollar..

remains an extremely high risk high reward play for those jvp partners with nothing else on the books, but adi is an exception with two further projects to consider in the future, yemen has two wells scheduled for mid 2009.

time for the jvp to do as announced, finish weston, fix kowalik, and then its time for adi to look at the operations in yemen also.

i am hanging in there as it really doesnt present any choice for me nor many other investors.

absolutely predictable for the critics to line up and kick the crap out of the sentiment on the share, but they wont get much volume nor value for their effort imho.. but good on them for trying and good to see they have the same venom as before..

i am sure all investors have assessed their risk exposures and adjusted accordingly through this well publicised and heavily predicted economic slump..

looking ahead i dont see a rosy picture for the planet myself, but lets see what the obama can magic up for the world..

hard days for all in all sectors imho..

 

[chops_a_must]

looking ahead i dont see a rosy picture for the planet myself, but lets see what the obama can magic up for the world..

hard days for all in all sectors imho..

Bollocks mate.

Had a look at the gold sector lately?

Just because ADI is sitting at all time lows, despite all the 'hopeful' postings does not mean that everything else is going to poo.

But yes, make sure you all "keep the faith" you lot. I'm sure it's done you very well in this stock over the years.

 

[Agentm]

its amazing when people gloat about how things go, i have chops on ignore as his view on investing is short term and not long term.

no one here is asking anyone to keep the faith, everyone is responsible for their own investment decisions. chops just tries to make out that this is whats happening and then adds free licence to criticise..

i doubt things can change with him..

 

[Agentm]

anyone notice volumes of trades in adi??


This Year
2,809
32,337,399
$9,674,420

This Month
40
542,309
$61,844



eka...

This Year
928
24,418,239
$3,896,701

This Month
21
532,000
$24,225



AUT...

This Year
2,561
44,367,399
$14,619,919

This Month
46
703,435
$123,450


now check out eme..


11 million shares traded already this month !!!!!

and thats about the average month for the share.. with 62.85m shares on issue. april and may were exceptions with 32 mill shares traded..


from april - july 2008 eme traded 6 mill sort of all three aussies jvps yearly totals combined!!

i tend to view the 3 partners shares on the ASX as being fairly quiet and volumes are extremely low..

 

[buzzbuzz100]

Price of EME is going down the pan.
Today 1,950,000 EME were dumped at 7.5p whilst trading at 10/11.5p
No comment.

 

[chops_a_must]

its amazing when people gloat about how things go, i have chops on ignore as his view on investing is short term and not long term.

no one here is asking anyone to keep the faith, everyone is responsible for their own investment decisions. chops just tries to make out that this is whats happening and then adds free licence to criticise..

i doubt things can change with him..

No-one asks for anyone to keep the faith... apart from that mass message you sent people all that time back?

And short term? I'm holding bucket loads of AOE, that are for the long term.

I'm only doing what you guys told me to do... to come back when it is known that ADI is a complete failure. Now who of you are prepared to man up and admit it?

Amazing the love that people keep for an absolute dog of a stock that will most likely lose them everything they put in.

 

[prawn_86]

Not 1st announcement. It will be one Mr Hypothetical 2 chooses to trade.

And for simplicity lets say Mr Hypothetical 2's money is in a Bankwest account earning 7%pa from today.

So Mr H 1 currently has 50000 shares initial outlay = $18500

Mr H 2 has $18500 in his bank account waiting to buy on his choice of announcement

**Both Mr H's will be overseas for 2 weeks so Mr H 2 is hoping there isnt an ann in that time**

Mr H 2 is carving it up by having cash in the bank.

Admittedly most stocks have lost value in this timeframe, but it goes to show to not buy things in a downtrend, no matter how confident some members are, or how upbeat co anns are, or how many pretty pictures and graphs are displayed.

 

[Agentm]

Mr H 2 is carving it up by having cash in the bank.

Admittedly most stocks have lost value in this timeframe, but it goes to show to not buy things in a downtrend, no matter how confident some members are, or how upbeat co anns are, or how many pretty pictures and graphs are displayed.

prawn, you seem to have done the same thing in BCC thread from .40 to .05 and yet adi has not dropped to those level yet but who knows where it goes on minimal volumes

BCC

This Month
40
1,140,100
62,944

This Year
3,398
78,683,071
20,725,773


imho your bcc is also going through the same cycle.. oil price dropping with lack of world demand..

prawn,, in a downward cycle its really a no brainer that cash in the bank will beat any falling share index..

comparing one investment to another is not going to interest many, but thanks for telling me that you think money in the bank beats investing and picking the right moment to invest,, you have missed three cycles in adi history since posting this garbage that could have done well with your investing..

.18 to .39
.29 to .43
.20 to .34

thats pretty poor form prawn.. you missed 3 great chances to make massive returns in a very long world wide downward trend..

now i hope your going to post on every board how poor their investment went,, and keep in mind prawn no one is telling anyone to invest here, this is a forum to discuss the operations of adi, which is what i do.. your the only one carrying on about the sp..

do you want to discuss the sugarkane or yemen propects or simply discuss share prices?

 

[chops_a_must]

thats pretty poor form prawn.. you missed 3 great chances to make massive returns in a very long world wide downward trend..

now i hope your going to post on every board how poor their investment went,, and keep in mind prawn no one is telling anyone to invest here, this is a forum to discuss the operations of adi, which is what i do.. your the only one carrying on about the sp..

do you want to discuss the sugarkane or yemen propects or simply discuss share prices?

I love it how you always trot this out.

You invested in ADI, and subsequently missed a fair chunk of one of the greatest bull markets in history, and caught all of the bust.

Pretty good going there.

 

[barney]

I'm only doing what you guys told me to do... to come back when it is known that ADI is a complete failure. Now who of you are prepared to man up and admit it?

Hey Chops, Failure? ..... Yep ... I admit it. (Time will be the final judge though ...... on the current time frame ... yeah, its a failure ) .....

You are quite right in some ways to have a go Chops ..... and to be fair, you did give it a fair bit of time before you came back to remind us.

You are a bit of a stirrer though eh?

On face value, I don't think we can argue with you ..... it looks like a profit on ADI shares may well be some time in the future .... (You can say "if ever" and atm that statement would be justified)

Funnily enough the best time to "invest" in any stock is when its at rock bottom ............. is ADI at rock bottom yet? .... Well I think it may even drop a little further, but on NO volume until the play is proved a fizzer ...

Is it a fizzer ..... I don't think so, but punters don't invest in maybes in the current market

Do I wish I hadn't invested in ADI? ....... Nah ..... I just wish I was investing the same amount of cash at today's (maybe next months) prices .......

Will I buy more if it drops to 5 cents or less? .............. If the fundamental possibilities remain positive and the price dives ..... I will, because I would then be effectively buying what I already own for a crapload less ....

Am I an idiot ..... Of course !!! .... What kind of idiot "averages down"

In the end we all do what we do ............. I personally have lost a crapload (I like that word) more money in the past doing way dumber things than investing in a fledgling O/G Co. which is having some initial issues getting going ............... If it fails, so do I ........... I've failed before, and will no doubt fail again ......

Now be nice Chops .... some of us are suffering around here

 

[Hatchy]

I agree with a lot of what Barney has said.

I've lost a lot of money, but hey I could have done my dough on a property trust as well....

Chops, you're one of those annoying guys that just has to say something to rub crap in other's faces aren't you?

Lets just keep talking about the prospects going forward, not making this a smear contest.

... Keep the faith ...

 

[Lucky_Country]

Yes now is the time to really be buying ADI at these rock bottom prices but how many do you want.

Volume is tiny ADI is very tightly held and news hopefully positive is no it the to distant future.

Anyone who buys now I has a hell of alot of upside potential in what timeframe Im not to sure but it will happen imo.

The chalks are turning out to be a complex drill but the knowledge bank is growing.

 

[nioka]

Bollocks mate.

Had a look at the gold sector lately?

Just because ADI is sitting at all time lows, despite all the 'hopeful' postings does not mean that everything else is going to poo.

But yes, make sure you all "keep the faith" you lot. I'm sure it's done you very well in this stock over the years.

I have to break my self imposed ban on posting to show how the above is utter rubbish.

ADI has been one of my best stocks. As posted before I have been trading back and forth between ADI, AUT and recently EKA. In fact a large proportion of the trades mentioned above by Agent have in fact been my trades.The ratio between the three regularly varies giving the oportunity to switch from one to the other and always be in the play at Sugarloaf. It is all there in my previous posts, check them out.

My original investment was worth $3700. Today, even at the low prices my holding is worth around $45,000. Along the way I have creamed off my original investment and some profit. I still have faith in the project. That faith has been maintained by examining the facts that Agent M has shown. I have found nothing he has posted to be factually incorrect. However Oil drilling is a spec investment and not for the faint hearted.

If there were more posters like Agent and more stocks like ADI and less sceptics like Chops then ASF would be the forum it was. (another forum I now frequent had (yesterday) 487 posts on 6 stocks I was following while ASF had 4.

Chops, if you were more constructive and less destructive ASF would be a better forum.

ADIers know the problems and if they were not happy to hold they would be exADIers. It is a free choice. To me ADI has already been a 10 bagger and everything from here is a bonus.

 

[chops_a_must]

My original investment was worth $3700. Today, even at the low prices my holding is worth around $45,000. Along the way I have creamed off my original investment and some profit. I still have faith in the project. That faith has been maintained by examining the facts that Agent M has shown. I have found nothing he has posted to be factually incorrect. However Oil drilling is a spec investment and not for the faint hearted.

If you are a real investor, it is irrelevant what your paper profit is now, because the way ADI is going, it could well be worth nothing.

 

[Lucky_Country]

Well it now looks like Indonesia South Bengara is floundering with jvp not paying the $1 million to secure the deal.

Well my old fashioned buy and hold with ADI has certainly not worked out at the momment although I definately do feel Sugarkane will deliver the goods but its not happening in any great rush.

Hopefully an update on Weston 1 will be positive maybe something on Kowalik would also be a nice xmas present if any report comes out tommorrow.

Wouldnt want too end the year on Indonesian not coming good.

Merry Xmas fellow ADI suffers.

 

[Hatchy]

The report is out, and hey, what's that?
They've done zip, zero zilch, nothing, nada.

What a surprise....

TCEI - those buggers are screwing us over.