ADI - Adelphi Energy

Miner · 6 December 2009

I got these stock scans for ADI for four weeks.

Probably chartists will be able to infer them better.

What is intriguing to me were, the trigger signs and the falling prices from 14 cents to 12.5 cents in last four weeks

Like many of you I am also looking for some good announcement hopefully before Christmas

Cheers

Agentm · 16 December 2009

local talk.. is that the bordovsky which had used a halliburton cobra frac, settled down to 1200 bopd..

that being the case it makes the well pay itself off in months. despite the difficulties and complexities of the newly developed frac processes

others have been using the petrohawk method of multistage fraccing and getting very reasonable results

the jvp has completely gone from underbalanced chalk completions looking for connectivity with natural fracture.. to the idea of fraccing into both zones

these upcoming fracs are monsters when dial compared to the previous mini frac in kennedy

conoco drilling plomero ranch in live oak
pioneer would have finished their well south of that

murphy is drilling drees 1h next to the conoco bordovsky well
dan hughes is drilling darleen 2h a few miles north of kowalik

Roux · 16 December 2009

I have been told that Texas Crude just paid $900+ per ac for a 300 ac tract in the Odem survey Karnes County....this is in their core area of the Karnes Acreage....somebody must think they got something good going.

Also what do you think about EOG permiting 6 wells in the Milton/ Harper units......they (EOG) must be keeping something under raps ....if you look at the milton #1 on the RRC it has even stop producing but yet EOG likes it enough to have 5 more well permited and two of which i have heard are already drilled......FYI I have also heard that EOG told their land broker that they will have land work for the next 6-8 yrs in the area....Why would they not go more public with this area/play and their existing wells.....mmmmm the word with EOG in this part of the world wierd

Agentm · 16 December 2009

Roux said:
I have been told that Texas Crude just paid $900+ per ac for a 300 ac tract in the Odem survey Karnes County....this is in their core area of the Karnes Acreage....somebody must think they got something good going.

Also what do you think about EOG permiting 6 wells in the Milton/ Harper units......they (EOG) must be keeping something under raps ....if you look at the milton #1 on the RRC it has even stop producing but yet EOG likes it enough to have 5 more well permited and two of which i have heard are already drilled......FYI I have also heard that EOG told their land broker that they will have land work for the next 6-8 yrs in the area....Why would they not go more public with this area/play and their existing wells.....mmmmm the word with EOG in this part of the world wierd

roux

i know that eog are doing well on some of their wells.

i hear some wells are doing ok in dewitt also

i am less concerned with adi than ever before. conoco will be bringing in more rigs in 2010 and may even get a farm out happening if they can get the right deal done.

eog will not discuss that oil play at all.. not while they are still leasing. and its possible petrohawk and a few others are also in there gathering acreages

looking forward to that frac program tcei/hilcorp are about to commence

best of luck

Miner · 16 December 2009

Agentm said:
roux

i know that eog are doing well on some of their wells.

i hear some wells are doing ok in dewitt also

i am less concerned with adi than ever before. conoco will be bringing in more rigs in 2010 and may even get a farm out happening if they can get the right deal done.

eog will not discuss that oil play at all.. not while they are still leasing. and its possible petrohawk and a few others are also in there gathering acreages

looking forward to that frac program tcei/hilcorp are about to commence

best of luck

Hi Agentm

With no posting on ADI from you I thought your Chrisy Break has already started . and good to see you back in ADI play.

I was intrigued to find out there was one only trade for ADI today.

Is it loosing traders or investors' interest ?

What do you think

jancha · 17 December 2009

Miner said:
Hi Agentm

With no posting on ADI from you I thought your Chrisy Break has already started . and good to see you back in ADI play.

I was intrigued to find out there was one only trade for ADI today.

Is it loosing traders or investors' interest ?

What do you think

I reckon we should vote Agentm in on ADI's management team.
We might get some insight as to ADI's progress.

Miner · 17 December 2009

jancha said:
I reckon we should vote Agentm in on ADI's management team.
We might get some insight as to ADI's progress.

I fully support this with a variation. He should be in the Executive Management Team or in the Board. If the ADI share increase has any merit for its sheer technical strenght but also for the excellent research and some sort of fan club of investors created by Agentm. So he should be eligible for director's bonus and options.

Now as there is no free lunch we would expect that Agentm offers us discounted mates shares like other companies are doing .

Agentm - if you are reading this mail : Tell Us Deal or No Deal

Agentm · 17 December 2009

working hard with the burial of my mother.. wont be as available as before for the next week or so..

news will flow in due course

texas crude has listed a new permit in karnes county

http://webapps.rrc.state.tx.us/DP/d...cQuery=Y&name=EASLEY+28-1&univDocNo=485882388

EASLEY 28-1 1

its a 6330 foot lateral into the sugarkane

plans are obviously now in the pipeline to continue on as the jvp has announced previously, hilcorp are keen for some 10 wells in 2010.. to put in new permits this early is very curious

Adam A · 17 December 2009

Sorry to hear about your mum agentm,bad news, thanks for all your postings

Look forward to your return

Miner · 17 December 2009

Agentm

My condolences at the tragic loss of your mum.

Hope you will recover to normal and pray to God to rest her soul in the abode of immortals.

Regards

onthebeach · 18 December 2009

Hello all,

Interesting following this thread. I am a landman with Dewbre Petroleum, and have been looking for any clues as to the success of the EOG Peeler Ranch wells. We are in the process of reviewing our cores from the Eagle Ford, but preliminary results look very promising. Initial log analysis through the section, which is typically not completely trustworthy, indicates roughly 20BCFE per square mile, with, I think, roughly 20% of that being recoverable. Core analysis should be complete around Christmas time.

Word on the street is that EOG was drilling out their plugs post-frac, which of course is a good sign. Anyone else heard any news?

Thanks,

Chris in Texas

Lucky_Country · 18 December 2009

Hello Chris in Texas good to have you here.

We all await confirmation on our Eagleford acres with great anticipation after a very very long wait for some of us.

AgentM has kept us inthralled and up to date on happenings in the area with his contacts and hard research work.

The big boys are definately interested in the play and would not suprise me to see the little Aussie JVP being taken over within the next 12 months.

onthebeach · 18 December 2009

Glad to be here. Didn't realize I wasn't the first Texan to invade!

Leasing is of course at full frenzy mode; word from most smaller operators is the opportunity will come to us via too much land leased too quickly. We farmed out from an operator out of Denver b/c they were about to let their lease expire...chances are good several of the bigger outfits will start farming out some of the less desirable acreage (to them, not us!) in the coming year-two years.

I just want to know about this EOG Peeler well! They have quite a gate guard set up out there, and nobody's talking.

adobee · 18 December 2009

wow lots of positivie speculation here today ... I would be happy to see any news out of the company before my holdings dwindle down to 6c.. updates seem very very slow ..

jancha · 18 December 2009

adobee said:
wow lots of positivie speculation here today ... I would be happy to see any news out of the company before my holdings dwindle down to 6c.. updates seem very very slow ..

I gather your refering to this site and not the market.
It seems any buy orders above 12.5c quickly get get sold back down.
Nothing positive about that.

Sdajii · 18 December 2009

jancha said:
I gather your refering to this site and not the market.
It seems any buy orders above 12.5c quickly get get sold back down.
Nothing positive about that.

Not at all, but this isn't really important at the moment, it is only going to be relevant until the frac results, which will most likely either send ADI quickly back to around half its current share price or quickly to double or more. If you buy at the moment you are putting your hopes on the frac result. The people wanting to sell out at 12.5c or so are basically deciding not to take that chance. Once the frac results are announced it will be an entirely different situation, it will go from hoping for a good result to attempting to calculate exactly what the result is worth. I have been waiting for a few weeks now, and must admit, it is getting boring!

jancha · 18 December 2009

Sdajii said:
Not at all, but this isn't really important at the moment, it is only going to be relevant until the frac results, which will most likely either send ADI quickly back to around half its current share price or quickly to double or more. If you buy at the moment you are putting your hopes on the frac result. The people wanting to sell out at 12.5c or so are basically deciding not to take that chance. Once the frac results are announced it will be an entirely different situation, it will go from hoping for a good result to attempting to calculate exactly what the result is worth. I have been waiting for a few weeks now, and must admit, it is getting boring!

A few weeks!! Try a few years.
So holders selling @ around the 13c to 14c mark dont want to take the risk? Why would you buy it in the 1st place.
This is exactly what this type of share is. Spec high risk.
My thoughts would be more along the lines of share holders being impatient & selling the moment it gets above 13c.
I cant see you sticking around if you've only been waiting a few weeks.

Sdajii · 18 December 2009

jancha said:
A few weeks!! Try a few years.
So holders selling @ around the 13c to 14c mark dont want to take the risk? Why would you buy it in the 1st place.
This is exactly what this type of share is. Spec high risk.
My thoughts would be more along the lines of share holders being impatient & selling the moment it gets above 13c.
I cant see you sticking around if you've only been waiting a few weeks.

I suppose it depends on your own strategy and desires. I bought in during November hoping for/expecting a frac result in November. Now I am expecting one in December. If it turns out to be January/February, so be it.

You are right, I don't expect to be sticking around for a few years, and yes, that means that if they end up being $5 per share in a few years I won't be reaping the rewards. By the same token, I haven't already been waiting around for a few years and won't have to wait a few more. My profit (or loss) will be less, but it will take less time to get there. Both strategies have their merits. Having said that, there are others I hold with a longer term view, and if things go in the right direction I may decide to stick around for x years, but at this point it isn't my plan.

Your thoughts are similar to mine really re 'being impatient and selling now rather than waiting for the next frac result which is due soon'. Obviously these are (at least predominantly) the people who have not been sitting on them for years; that sort of investor would be hanging on right now, just before a fairly big announcement is to be made. The frac is expected in December, so it isn't far off in anyone's timeframe other than daytraders, who presumably wouldn't be touching this one (at least at the moment), so, getting out at this point, just before an announcement, is a decision to avoid a particular risk (the imminent frac). A lot of the ones selling now probably got in during the recent spike to about 18c and they are selling out now because they were expecting an announcement sooner.

onthebeach · 19 December 2009

Just an FYI guys:

Most operators aren't going to frac at year end, especially if they are optimistic, due to taxes. We are taxed for a full year based on initial production, when initial flow rates are obviously higher. Always better to wait until Jan 1.

jestex12 · 19 December 2009

Hey Chris,

Glad to see you join! I've been monitoring the south texas for well over a year now. I have land in the Nordheim area. I've seen some recent permits by Winn, GeoSouthern, etc. Have you seen any other pickup in this area or heard any news in the Nordheim/Dewitt area??

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