Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

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nioka said:
I did not read it quite so good. Cost overrun so far 1,7M. Porosity ?. As insurance I sold some at 85c and bought AUT at 69c This gave me 25% more shares and they have other interests as well as the same percentage in sugarloaf. I still have faith ( and a fair holding) in ADI
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The way I read the Couch report was in line with the announcements by ADI & AUT. This morning I sold AUT @ 70c before the announcement and have bought back ADI after the announcement. I.m smiling.

P.S. Can"t work out why the shares were in pre open??
 
on saturday 11th at 0600 texas time they were 18,887

then now tuesday 14th at 0600 texas time they were 19,150


thats 263 feet!!! what year were they planning to reach TD?? :D
 
Agentm said:
on saturday 11th at 0600 texas time they were 18,887

then now tuesday 14th at 0600 texas time they were 19,150


thats 263 feet!!! what year were they planning to reach TD?? :D
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The last report says that on 9th Nov they were at 18,476 and now 14th Nov at 19,150.
Where did you get the saturday 11th numbers from? :confused:
 
Agentm said:
ok this is my big ramp for the week..
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AgentM, I suggest that you familiarise yourself with ASF's policy on ramping.

I will be following this thread with great interest and any posts that either myself or one of ASF's moderators deem to be in violation of this policy will be removed without notice.

Continued violations will result in an account suspension.
 
Joe Blow said:
AgentM, I suggest that you familiarise yourself with ASF's policy on ramping.

I will be following this thread with great interest and any posts that either myself or one of ASF's moderators deem to be in violation of this policy will be removed without notice.

Continued violations will result in an account suspension.
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it's hard not to be enthusiastic Joe, a very exciting prospect and the drilling is going well....fwiw Agent M has contributed a huge amount of knowledge to this thread so I hope you don't suspend him for his enthusiasm for the project
 
Broadside said:
it's hard not to be enthusiastic Joe, a very exciting prospect and the drilling is going well....fwiw Agent M has contributed a huge amount of knowledge to this thread so I hope you don't suspend him for his enthusiasm for the project
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Nobody is being suspended.

I was alerted to this thread by an ASF member and felt a reminder regarding ASF's policy on ramping was in order. Nothing wrong with enthusiasm, ramping however is another matter entirely.

Posts should be added to stock threads only when there is something new or interesting to add to the discussion. Nobody should be urging anyone to 'buy' a stock or to declare a stock as a 'ramp of the week'.

I felt this thread was starting to push the boundaries and was of the opinion that something needed to be said. That is all.
 
Well the SP has fallen as a result of no price sensitive announcement today. Goes to show you there are a lot of people in this one wanting to make a quick buck. The same has happened to our friends at GDN as a result of people too impatient to wait – except GDN has dropped more significantly; I suspect as a result of lack of trust from investors. And I don’t blame them! Still, nothing has changed with sugarloaf…still drilling…still gas…in fact imo it hasn’t looked better. They are really playing this one close, evident by today’s bland announcement. I feel patience will reward those who wait.
 
Hi Maverick, had a feeling the announcement might come out like that although I was expecting a bit more sugar. They are definately trying to control the hype and hysteria that came with GDN's announcements and I will wait for the wireline logging to be done and hopefully be pleasantly surprised.

One thing they gave achieved is burning a small number of fingers belonging to day traders and t+3 gang who haved turned GDN into a circus
 
Agentm said:
on saturday 11th at 0600 texas time they were 18,887

then now tuesday 14th at 0600 texas time they were 19,150


thats 263 feet!!! what year were they planning to reach TD?? :D
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-----------------------------------------------------
18887ft at noon Tx Sun ( not Sat) after repairing the kelly hose so progress to 19150ft by Tues 06.00 isn ´t so bad.
 
Well, at least we now know to expect little till the wire logs come out. Should help put a curb on the day traders to a bit of an extend and keep the sp under control. For thoes that sit and wait i'm sure they'll be rewarded.
Infact we seem to understand more from the announcements from what they're not saying, that what they are saying....reading between the sugar lines, so to speak. Just sit and wait guys, all will be coooooooool........ :)
 
:banghead:
nioka said:
P.S. Can"t work out why the shares were in pre open??
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I queried the reason for the "pre open" with ADI chairman. His response was as follows:
"The decision to place a company's shares in pre-open is made by the ASX upon receiving an announcement and releasing it to the market. It is also the ASX who determines whether the announcement is price sensetive or not.
Yours sincerely,
Alex Forcke
Executive Chairman."
 
does anyone know who "Texas Crude Energy Inc (Operator) et al" is? I cant find any information about them on the internet!! Are they a subsidiry of some other US company?? what gives.
 
Hi All,

Wrote my first post yesterday regarding the prospects of this well. A little delay in responding as i am in UK.........really lacking sleep at present waiting for the releases haha.

I think the result today was a real puzzle but in no means does it imply that they are not hitting gas. Its a riddle and the partners have spent the whole weekend writing it! I think i agree with others that they told the market they hit gas last week and rather than make every release the same they are keeping quiet.

In addition, they maybe staying on the conservative side and pumping more mud down the hole to keep the gas down. Most people on this forum look like stayers so we all just need to be patient- its hard as upside could be big!!!!!!!!!!! I think the primaries has thrown up some doubt....also the comments about reporting commerical finds is not great but they havent flowed it so how would they know!!!

In summary, the directors dont want a flucuating stock but a steady rise with good information. They believe in trust and sending honest information to their investors. That was the philosophy when i worked at ARC for three years where correct and honest info was sent in the releases. I think its conservative so i am holding!!!!!!!! :)
 
ironchef said:
does anyone know who "Texas Crude Energy Inc (Operator) et al" is? I cant find any information about them on the internet!! Are they a subsidiry of some other US company?? what gives.
Click to expand...
A "google" search of "texas crude energy inc" will give you the answer.
 
Does anyone here think that they hit 2 gas zones in the first 100m of the primary target then the next 1000m nothing .
Not me !
 

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