ADI - Adelphi Energy

Although Im a firm beliver in the prospects of this company and the credentials of management Im finding this long wait with no news very very frustrating.

We have been through many periods of lack of news flow and after 3 years Im sitting thousands of dollars down and we are no further knowing whats going on.

How long is this going to keep playing out like this ?

what is going on with adi partner EKA company. share prize is going up for last one week. I dont think last ann made any impact on SP. I think it could be one of two reason for rise in SP.
1. director may be buying some more share or
2. capital rise at 6cents?

Lucky_Country said:

How long is this going to keep playing out like this ?

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Call me a cynic but i bet the management are still all raking in 6 figure salaries for no progress...

Go figure.

prawn_86 said:

Call me a cynic but i bet the management are still all raking in 6 figure salaries for no progress...

Go figure.

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wrong..

prawn, you regularly put down adi, so it would be appreciated if you didnt just guess things and make things up.. your not an investor for a start, and as a moderator perhaps show some balance on the adi thread..


prawn.. the adi management of do not all take a 6 figure salary, (but your also forgetting adi made 1 mill profit in the first quarter) and your post doesnt really portray the truth at all, only one director is on a salary in six figures, chris hodge at $240k the chairman is working part time and taking a salary on days worked, one non exec is getting 20 k and the other is not taking any salary

lets look at another random oil stock.. why not your oil stock bcc, it made a loss in 2008 of $2 mill

the directors salary total for the board of 5 and 3 managers $1.4 mill

but theres more

when you add to that the gravy train of bonuses for the massive losses of 2 mill, they get wonderful options and bonuses added for that massive loss and the total salary and bonuses in the annual report is a whopping $3.48 million!!!

imagine what they would have paid themselves if they made a profit!!

WOW!!


come on prawn, its about time you stopped spruiking bcc and slamming adi. every small cap oil explorer in the usa is having a tough time, and some like adi have deliberately shut down all ops for 12 months until the oil prices came back and the aussie dollar and drilling costs made it economic again.

but BCC didnt just make a 2 mill loss and pay themsleves 3.4 million alone, they also issued 35 mill option to founder at 0.001 then another 12 mill also at 0.001 and 16 million shares at 12.5 to seed capital investors and then cap raised a further 80 mill at 0.25 cents..

prawn, if you want to talk about shale exploration that adi is undertaking and if you look at where all exploration is occurring in the usa.. the shale plays and oil plays are the place to be, and adi is right in the thick of it. as is EKA and AUT

i hope you can come on this thread and start to talk with some level of balance and perhaps appreciate what adi and the partners are doing in light of the world crash and the crash of oil and gas prices.. and perhaps prawn on the bcc thread you can show some balance there and perhaps question the directors and managements salaries and free options there!! good luck with your bcc investment prawn and lets hope the lee county exploration finds good chalks and oil.. what they dont want is gas..

bubba

eog have their next permit, milton 4h

this one is listed as an vertical edwards well (person)

what are your thought now? the milton 2 vertical is drilling away

Agentm said:

wrong..

prawn, you regularly put down adi, so it would be appreciated if you didnt just guess things and make things up.. your not an investor for a start, and as a moderator perhaps show some balance on the adi thread..


prawn.. the adi management of do not all take a 6 figure salary, (but your also forgetting adi made 1 mill profit in the first quarter) and your post doesnt really portray the truth at all, only one director is on a salary in six figures, chris hodge at $240k the chairman is working part time and taking a salary on days worked, one non exec is getting 20 k and the other is not taking any salary

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Interesting posting and observation on Prawn's comments.

I think some one should be moderating the moderators or there must be some frankness with a moderator to come clean and face the music to demonstrate fair ness in the forum

Thanks for your comments Agentum

I am a holder of ADI

Agentm said:

bubba

eog have their next permit, milton 4h

this one is listed as an vertical edwards well (person)

what are your thought now? the milton 2 vertical is drilling away

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Agentm:

The EOG #4 Milton (42-255-31619) is permitted as a vertical well southwest of the #1H Milton well. I would guess the #4 Milton well is another monitor well for fracture treatments in future horizontal wells. I noticed on the permit plat there is also a #4H Milton Unit well shown (horizontal well in between the 1H well and 3H permit). A frac in the #4H Milton Unit well could be monitored from the #2 Milton vertical well.

EOG has permitted another Eagle Ford well in the area of the Milton wells in Karnes County. The EOG 1H Harper Unit (42-255-31260) is located east of the Milton wells and looks like it will have a longer horizontal leg than the other wells in the vicinity.

lol

i just posted exactly the same bubba..

just editing now

now i have to fill in 100 letters to waste some space..


the harper is 4000 feet

did you see the production figures for eskew, not too bad for a eagleford completion. i know COP is still learning

lasca butler is very interesting as they got amazing production from that well for a chalks well


cheers

just noticed that trades have been inscreasing the past few days; and the price has also risen, I know they both ain't that much but was just wondering if anybody had an explanation for the move.

Agentm said:

lol
did you see the production figures for eskew, not too bad for a eagleford completion. i know COP is still learning

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AgentM,

What did you find out about the Eskew well? Are we talking about the eskew east or the eskew west?

hey choppy

local talk,, so we are talking landowners that own the minerals here only, are told eskew west 1 h was settling down at 500 bopd.


eskew east 1h is not drilled, they are drilling the marlene olsen 1 h right now

cheers

Hey guys,

thanks for all your information and up to date analysis...its really great to know there are people out there willing to take the time to help amatures (like myself) learn and dabble in the stock market.

I had a totally unrelated question (sorry) and was hoping for some opinions on Prima biomed (PRR), if anyone could give me their opinion on this company at the PRR thread that would be great!!

Thanks!

agentm & all, I see that this is the place to get current info on exploration activity in Live Oak. A US company I follow (Crimson Exploration - cxpo) has made public that they are looking to drill (by year-end) a Austin Chalk/Eagleford/Sligo well in Bee county very close to the Sugarkane field. They came out with a new presentation showing their prospect including referencing other wells and operators in the area. I would like to learn more about this play. The boards comments are much appreciated.

hey oel2006

thanks for the heads up

and welcome to the forum, which is dominated by texans and adi holders and combinations of both

the presentation is indeed interesting

they like the logs in the sturken well and the old mobil well, i posted the mobil
logs a while back myself here.. it had a pretty big kick in the chalks and eagleford.. so the crimson acreages would have to be propsective for the chalks and eagleford combined imho

that region has been hot property in terms of leasing, and crimson has some
2000+ acres there i see.. there is a permit called warley in bee county which is obviously the first exploration well for crimson

the acreages may well border our acreages and conocophillips..




http://phx.corporate-ir.net/Externa...9MzQ4MTQwfENoaWxkSUQ9MzM2ODA3fFR5cGU9MQ==&t=1

Thanks agentm for taking a look at this. Could you guide me to some must read posts or other info on this play.

oel2006 said:

Thanks agentm for taking a look at this. Could you guide me to some must read posts or other info on this play.

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the region is discussed here on this thread and if you flick back through the pages you will see plenty of regional info.. also on site called hotcopper.

bubba

i hear that as late as last week the bordovsky well was still fraccing

the caskids permit in kennedy is being drilled now, a massive rig is set up in town there

AgentM,

The Caskids well is a horizontal Edwards Test, I believe. Of course they will be drilling through the Chalk/Eagleford to see the Edwards.

Agentm, what kind of flow rates are operators getting in the Austin Chalk/Eagleford and in the Edwards?

If I understand this correctly, the current thought is to drill horizontal wells into the eagleford and have the frac reach into the Austin Chalk. Is this correct?

hey choppy, your right its a wildcat and edwards permit.

oel2006.

there have been some pretty high ip's on the chalks and eagleford. going back through the thread i have posted data on the ip's of all the chalks wells and some of the recent eagleford wells.

even with low flows like 4mmcfpd, the wells would be producing somewhere between 1000 - 1200 bopd ($30 mill PA in oil here) the oil is what its all about here..

the plan i believe for the jvp, with both the eagleford and chalks being active, is as you have stated, to drill more of less mid way in the two zones and frac into both regions.. i gather the frac technique would be a little more complex than just a standard frac on the eagleford.

COP are doing many variations and many different well completions right now, the latest trend is away from the earlier underbalanced and slow ROP drilling to fast over balanced drilling and i am assuming multistage fracs..