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ADI - Adelphi Energy

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if i hear reports of cows exploding after drinking local water i will get detailed reports and let you know
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You think that's something, the other day I was pulling up old fence posts. Pulled up one of them and damned if oil didn't start flowing out of the ground. :alcohol:


Black Gold........Texas Tea........ lol..........


To hell with dirty tap water. I'll move to the coast with my gabillion dollars and visit this place on the weekends.

Drill baby drill !!!
 

If my tap water was flammable I'd be thrilled! I don't think there's a flammable liquid worth less than I pay for tap water. Screw drilling a massive well, I'd have the stuff on tap! Cha ching!
 
For a while today it was like a mexican stand off with the price, until exploding cows signaled a drift lower in price, some profit taking or shenanigans, was to be expected.

Interesting in the AUT presentation today page 9

"We are seeing :
improved initial production rates
Decrease in early decline rates (Agent M touched on this pt before)
substantial reduction in costs.

Also AUT mention that the Easley well page 17

"expectation for this well location to be at the lower end of the range for condensate yield"

and in todays announcement Easley have elevated gas readings.

Eagleford always seems to amaze.
 
They are fraccing more than 2 miles underground so it doesn't make much sense if the fracc fluid can travel a mile or so towards the surface whilst the oil and gas remains contained within a seal.

The top part of the vertical has to conform with TRRC regs to prevent contamination of water, so it shouldn't be coming from there.

If there is contamination, it could be from the recovery operations on the surface unless anybody else has a view on this. That would not seem to be a particularly difficult problem to solve.

I don't automatically discount everything that the green lobby says but I do keep in mind that a lot of money in the form of research grants is available for claiming. That might have had some connection with the transposition error of the millenium: date for melting of the Himalayan glaciers:

2035

Oh, whoops, did I really say 2035?

Tut, tut, I meant 2350, of course....


Yeah, great, who's going to give any credibility to a projection on global climate running forward 340 years? We can't even predict the next major earthquake or eruption.

Contamination of aquifers by fracc fluid? Prove it. Put a radioactive trace in the frac fluid and prove it.

Back to Easley - it actually seems to be quite a deep well - over 12,000 ft vertical depth (MD less lateral) - perhaps that is why they are expecting it to be 'drier' - the more oily wells are shallower, I thought.
 
imo they think it will be drier because easley is in the southern part of sugarloaf, they are targeting drilling between the chalks & shale.
 
adobee said:
cant get this link to work to see what its all about .. can you please repost if it is interesting ... ... cheers ...
Click to expand...

Its a report about fraccing, possibly contaminating ground water. Some people allegedly have flamable tap water now???

A lone Congress member has raised it for investigation. ??

Perhaps we should hook our wells up to thier taps and just buy the houses. Iamgine being able to fill the car up from the garden hose. Awesome. lol. Its all hot air in my opinion till proven otherwise.
 
Let's get this thread back on track by talking about how well the Eagle Ford play is doing. Enough of this EPA/Global Warming Hippie-ish chitter chatter.

adobee, it's best that link doesn't work. It's just scare tactics and a bunch of hype. TRRC has strict guidelines on drilling and fraccing procedures to protect our great state. Just because soemthing happnes wrong once doesn't mean go cry Chicken Little like the sky's falling and start an investigation.

I'm off to check my shares and today's new $$$ being made.\

ADI and holding.
 
Well said Ramblin , like a true Texan. dont hold back, tell us what you really think. Mate you get out the front with the coffee and cookies and cut yourself a deal for 25% royalities and $5000 an acre from BP or Exxon.

They are sitting in pretty wide bollingers at present, ADI more so then AUT, so dont expect any huge action till news. Id like to be proven wrong, but thats my take for a few days or so.
 

AMEN!

Nobody in Congress cared about the fraccing that has been going on safely for over 50 years, they start doing it in their backyard and suddenly the sky is falling.
 
I have been thinking about my earlier post.

Where AUT mentions "Decrease in early decline rates" in their presentation.

Maybe I'm nit picking but how would they know this, as they would need to have monitored these wells for at least 30days?, Or this is the standard amongst the players in the Eagleford (or its already known???). And if it is then it alters the dynamics and calculations of what the Eagleford can deliver.

(Agent M touched on this - as mentioned before)

I think its important as this dictates the hydrocarbon content.

Ok, we have had Kennedy and Weston showing more than encouraging results.
Kowalik is another that I believe is full of liquids, yet to be repaired, but I'm just speculating.

AUT have still go to get funding , so I expexct them to talk up their book.

(Agent M touched on this division between the JVP's- it will all come out later)


The area the JVP's are in is high pressurised leads to abundants in liquids, I would'nt be surprised that these guys are drilling for oil more than gas..



Enough from me.
 
I am starting to believe that all the good news and glad tidings of the past 2 weeks was designed to ramp up the SP of ADI. Now the 'stags' have moved in and taken some healthy profits.
Agent M I hope you can prove me wrong.
Have held ADI for 4 years. Original cost 80 cents. Added more at the low price to bring my average down to 51 cents. Becoming really pessimistic and p$$ed off.
 
Poor old Agent M. he get's the gears when the price is languishing and now he gets the gears when the price doesn't increase every day...


Geez, mate ADI doubled last month and now your having a whinge because it has retreated?
 
noco, I think you are worrying over nothing. The share price technically needed a little softening. Just profit taking , to me the stocks been well accumulated, I dont share your earlier pain holding the stock for so long or at those levels, but would understand the frustration.

Everyone always wants non stop info, yet its all been positive and moving along nicely.

Lets wait for the flow rates and even then they will only tell you half the story because there is more in the ground. ( figuratively speaking , the better part is getting flow rates over 6 - 12mnths).
 
As a new shareholder, who can argue with the historic chart of ADI from the last 4 months ? Now that's easier to say if you bought in at .11 instead of .80 for sure. However, to understand the oilfield and how LONG these processes can take one must know that as long is the chart is going evel slightly up that it is still a positive.

My speculation ? Multiple corporations are probably at this very time vollying for leased acreage in return for drilling locations all in and around that area. The contiguos acreages aren't big enough for some of the leased pools. If I were to negotiate deals like this it would definitely be through my lawyer. And we all know.....when lawyers get involved with this kind of money everyone knows how long that can take. Even the permitted locations have dropped off in the last month according to the W1's. There's a hangup down there somewhere but it sure as hell ain't the shale or production capability. I think big things are brewing.

As for your philosophy condog about the comment on price per acre leases.....well right now we just want to get in on the game. To hell with per acre price, I want some production action. Eagle Ford is known for its low PPA and we are willing to support that to get in.
 
Thanks fellows, thought I would stir the pot for a reaction.
I wasn't diappointed.
I guess I will just have to wait for some more good news and glad tidings to boast the SP to my level.
 
Kennedy and Weston are in the bag. The upside for the weston is tremendous considering it is an Chalk well. Easley is not further south than the Kennedy, its ENE of it...which should yield high condensate levels as well. The possible difference is it will flow through both the Eagle Ford and Chalk. Chalk=higher gas/condensate Shale=higher condensate to gas ratio. Everyone needs to hold on to their panties and watch this thing; patience is a verture.
 

noco

pi%%ed off at me.. your all class mate!!

what have i got to do with the adi sp? can you perhaps stick on topic and discuss the share please?

what price you buy or sell or how much you averaged down and bought at .06 is your deal

please dont post your aggression at me on the forums, if your pi$$ed off then dont make this personal..

there are rules on this forum and i think it would be wise for the mods to perhaps reflect on what you should and should not do on a forum, and also the wisdom of using a forum to make your investment decisions on..

lastly, if you did average down at .06 like many including my self did, then imho your aggression towards me over the 500% rise in the sp is pretty remarkable
 
Good morning folks

Could one of you please clarify how such sales happen ?

This morning ADI was sold under several transactions. The interesting part was the consideration was only for 28 cents changing over one share only. With commsec the minimum value is $500 and that too attract $29.95 fee unless one has a cash management acct with Commsec.

How can some one pay brokerage for one share transaction and the motive of such transactions. 21 shares transacted in 5 transactions
 

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I beleive brokers don't pay any fees when they are the ones that are making the transaction.

EG: if broker x is buying for themselves then they don't pay fees.

I may be wrong though...
 
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