ADI - Adelphi Energy

[nioka]

anyone know why the price dropped? Looks like it will come up again though. Insiders in the know about a possible poor announcement today?? Very weird

Day traders and their stop loss orders creating a domino effect. Seems to have eased up.

 

[Agentm]

i think the price will fall as much as the daytraders flee..


if there is no shows in todays report then the trend will continue..

great buying opportunities coming..

 

[mildew79]

looks like people are getting impatient. good risk reward on this one i feel, as the secondaries will justify a SP not to far below current (0.535). dont like the look of the board atm, however this will be irrelevant should they hit the primary.

would like to see some positive signs at announcement today to calm my nerves

 

[mildew79]

Day traders and their stop loss orders creating a domino effect. Seems to have eased up.

do you think they would use a stop loss in this?

i personally doubt their are to many stop losses in this one, the day traders will be screen staring. not much depth. i wouldnt want my sells appearing on the board for everyone to see...

anyhow fingers crossed. upside is massive so worth the risk.

 

[nioka]

do you think they would use a stop loss in this?

i personally doubt their are to many stop losses in this one, the day traders will be screen staring. not much depth. i wouldnt want my sells appearing on the board for everyone to see...

anyhow fingers crossed. upside is massive so worth the risk.

A lot of part time traders aren't in a position to watch all the time. A lot are on borrowed money and set automatic stop loss orders. Todays fall would trigger them. That is why I never use them myself.

 

[HOMER J]

Still not there yet im happy to wait...

8 November 2006
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online
SUGARLOAF-1 WEEKLY PROGRESS REPORT
Adelphi Energy Limited advises that at 6am Texas time on 7th November 2006 the
Sugarloaf-1 exploration well, located in the onshore Gulf Coast Basin in Texas, USA, was
drilling ahead in 6- ½ inch hole at a depth of 18,245 feet (5,563 metres).
Since the last report on 1st November 2006, the well has drilled 295 feet (90 metres). The
main Hosston reservoir targets have yet to be reached.
During the week, two further changes to the bottom hole assembly were made and
reaming operations were conducted, which has affected the overall drilling progress.
The proposed total depth of 21,000 feet (6,400 metres) is expected to be reached during
November assuming trouble-free drilling.
ASX releases will continue be made routinely every Wednesday unless there are material
matters which require an earlier release.

 

[maverick11]

18,245ft and there's meant to be 4000ft of hosston...but total depth of 21,000ft?

 

[stereo21]

18,245ft and there's meant to be 4000ft of hosston...but total depth of 21,000ft?

I was thinking the same thing after last weeks report. Does this mean that they will extend the total drill depth?

 

[Agentm]

its obvious that the seismics were not accurate, and they have to yet reach the primary..

they will drill as far as they have to or can..

the reaming operations are obviously time consuming, and the great news is that they can still drill away and wont have any further stuck pipe or drill bits.

we can only wait until next week for the updates,,

currently the price is great for buying in on this prospect.. imagine a share that can go $6 is trading at .55

 

[mildew79]

fantastic news...


buy if you can guys,,,

agentm the optimist. what fantastic news??? that the SP has dropped considerably?

i have enjoyed your posts so far (agentm) and found them very usefull and educated. i thank you for this. however, dont pull wool over your own eyes. Although the risk reward ratio on this one is very positive, the risk is still there! fantastic news will inform us we are all rich!

once again thanks for your detailed posts, much appreciated

 

[Agentm]

i see adi differently i guess..

i was concerned last week as they did not report they were reallyy drilling away at any distance from where they they ended up, my thoughts were that they were maybe still not drilling but still wanting to drill away..

7 days in the sands with no news indicated to me that the first primary may not have been giving much gas shows or kicks..

for me, the news that they are yet to drill the sands is fantastic,,

as for the share price,, it going down is pure buying opportunity for those wanting in on the secondaries and the possibility of a find in the hosston..

i welcome them onboard, they may be thinking its the best buy they made in a long time..

i am not as optomistic as much as i am confident.

 

[blues]

I bought more today. I have been patiently accumulating from the 30 cent mark as more updates come out. I feel with what has been found so far (the gas shows in the Austin Chalks) that at this price you have a free shot at the primary target.

If the primary target comes up empty I believe after the share price settles after the initial disappointment the secondaries plus New Taiton around the corner justify a higher share price then present.

Cheers.

 

[mildew79]

Well they are drilling in there now so lets wait and see

I agree the insurance of the secondaries and New Taiton make this trade feel like a near free punt at the big one.

 

[Agentm]

sounds like the sellers are getting what they wanted and the buyers are still around..have to say topping up was on the agenda for a week or so.. today was a great opportunity as the market did not get excited by the hosston sands at all..

i wonder if the last run blew out all the day traders??

i see very negative and some alarming posts on HC re GDN.. its like they want to lynch the director for failing to deliver the secret logs that he promised.. i think they are on to him now.. i didnt buy in and follow the pump and dump run myself, but i can see a lot of very unhappy people out there who did.. and the director seemed to sell at the peak!!

i know we may get a similar run on this stock if things happen at hosston.. but a gas show is a gas show and a gas field is a whole different thing.. if GDN couldnt drill away from the pressure and had to case off then i would be interested.. i guess thats why i am interested in what has been cased away in the austin chalks.. ( couchy certainly said it had a massive kick!!)

i still want more of adi..

 

[fflintoff]

18,245ft and there's meant to be 4000ft of hosston...but total depth of 21,000ft?

-----------------------------------------------------
Mav,
They are not drilling vertically. Check out page 9 of EDA ´s corporate presentation dtd 3 Nov which shows the extreme angular approach at the Hosston shale & sandstone. After the reaming operations they should be able to drill much faster now & hence maintain the late Nov date for TD.

 

[maverick11]

thanks mate, was wondering that myself but hadn't seen the sketch. I can certainly agree that drill deviation is usually around 15%, but on a deep hole like this, who knows. They would have to be close by now I'd say

 

[Agentm]

just topped up,, looking around the house theres nothing left, only a chair and a few bits left in the kitchen to eat with,, i have a blanket to keep us warm at night and a bean bag,, sold everything,,, the neighbours dog which annoyed me and had to go,,,

now waiting for some action..

maybe??

 

[Agentm]

eka with half the value of sugarloaf to adi is nearly caught up..


nice time to buy adi i feel..

 

[tarzanhey]

Evening (to me ) all.

Well your Aussie threads seem so civilised compared to all the ramping and deramping in the UK.

So many people have a second agenda in England the AIM market is a complete mess run on hot money and spreadbetting.

Thats enough of my ranting. lets hope for some good action in the not so distant future.

What is the weather like over there at the moment - tell me and make me jealous. It is cold a foggy in the UK.

Good Luck All

Has Charlie become a COUCH Potato? - watching the screen quietly like a good boy.

 

[HOMER J]

yes id taken it off my watchlist too and just checked earlier. the last time i looked it was $1

heads up PREOPEN!