ADI - Adelphi Energy

[estseon]

I don't suppose anyone has any bright ideas on how to stop the AUD depreciating against GBP?

On a more serious note, if it is reasonable to assume that the Target Statement is going to demonstrate a much higher fair value (if it doesn't, the directors should have recommended the bid), does anyone expect buying in anticipation? There are a maximum of 5 trading days before its release.

 

[condog]

I don't suppose anyone has any bright ideas on how to stop the AUD depreciating against GBP?

On a more serious note, if it is reasonable to assume that the Target Statement is going to demonstrate a much higher fair value (if it doesn't, the directors should have recommended the bid), does anyone expect buying in anticipation? There are a maximum of 5 trading days before its release.

Yep easy

Come over hear and tell Kevin Rudd PM that hes got rocks in his head for implementing the Reasource Super Profits Tax the way he has. Hes created a soveriegn risk to all australian assets. Secondly get hold of the directors of the EUcentral bank and tell them to sort out greece, via a restructure, rather then a loan. Then kick them and others out of the EU with debts they can service..

Job will be done, shouldnt be too dificult.

Hey but given the mess you guys are in in the UK i cant see the pound being too strong against the aussie in the future. We are a powerhouse, sorry, but you guys are an economic joke. Fair value will eventually shine thu.

Ive worked with some poms esteon, they are the laziest people on earth. LOL

 

[estseon]

"Ive worked with some poms esteon, they are the laziest people on earth. LOL "

I don't really want to get into a slanging match over this but I am sure that you could find examples of any nationality that fit that description.

 

[Lucky_Country]

Umm sounds like condog has some grudges to get off his chest !!

I would much rather talk about the prospects of ADI than having a go at other posters for no reason what so ever.

Can understand why AgentM has a gutfull of being abused for voicing his very much appreciated posts !

 

[jancha]

Umm sounds like condog has some grudges to get off his chest !!

I would much rather talk about the prospects of ADI than having a go at other posters for no reason what so ever.

Can understand why AgentM has a gutfull of being abused for voicing his very much appreciated posts !

Hmmm Why bring that up?
Interesting tho that if this thread had not had the likes of Agentm's input it wouldn't be the informative thread as we know it imo.
Natives must be getting a bit restless on this report coming out.

 

[condog]

Jokes boys - sense of humour needed.

Not the bit abour rudd but the rest is jokes, sort of true, but tongue in cheek. obviously aimed at getting esteon going, but loooks like some others took it hook line and sinker.

 

[Miner]

"Ive worked with some poms esteon, they are the laziest people on earth. LOL "

I don't really want to get into a slanging match over this but I am sure that you could find examples of any nationality that fit that description.

Interesting comments about lazy poms.

I fully agree. But even the lazy pomps defeated Oz cricketers in the world cup 20/20 final. So what could be worse than lazyness ? Don't know .

 

[condog]

Just kiddin

All my in laws are poms - i married into them. lol

When you get the chance to rib a pom or a kiwi never miss it or they get in first. All the best esteon, i was kidding.

Back to ADI, hopefully they will put out thier rejection valuation in the next day or to with a really solid plan telling the market exactly what they value themselves at and why. That should be interesting.

 

[Ramblin Round]

I find it increasingly frustrating that the ADI board takes little to no interest in hyping up their position in the Eagle Ford shale play. Actually, I might even go as far as telling Alex Forcke myself that ADI needs to have a larger presence in Texas.

Here in DeWitt county we have billboards going up of people wanting to buy our leases and mineral rights, oil and gas company billboards, etc. This morning Petrohawk had a 2 hour presentation about their present and future plans of harvesting the Eagle Ford. If ADI has any interest in having a presence in this play then why don't they make it known what is available to raise capital for themselves ? I am starting to wonder myself if the ADI board aren't just out to get themselves rich. I've been telling everyone that will listen about a small cap Australian penny stock in the middle of the Eagle Ford and people can't beleive it. I always get the same comments.........."Why doesn't anyone know about this ?"

So....what's the deal ADI ?

 

[barney]

I find it increasingly frustrating that the ADI board takes little to no interest in hyping up their position in the Eagle Ford shale play. Actually, I might even go as far as telling Alex Forcke myself that ADI needs to have a larger presence in Texas.

Here in DeWitt county we have billboards going up of people wanting to buy our leases and mineral rights, oil and gas company billboards, etc. This morning Petrohawk had a 2 hour presentation about their present and future plans of harvesting the Eagle Ford. If ADI has any interest in having a presence in this play then why don't they make it known what is available to raise capital for themselves ? I am starting to wonder myself if the ADI board aren't just out to get themselves rich. I've been telling everyone that will listen about a small cap Australian penny stock in the middle of the Eagle Ford and people can't beleive it. I always get the same comments.........."Why doesn't anyone know about this ?"

So....what's the deal ADI ?

Howdy Ramblin. Agree that sometimes the boys at ADI seem a little conservative with their verbal communication, but we have to remember they are only a junior partner, and "big brother" kind of dictates their position a bit. Probably a good time to reiterate the recent announcement from the board ......... Cheers.

Adelphi has appointed the following key advisors to assist in responding to the Offer:
· Hartleys Limited has been appointed as Corporate Advisor to Adelphi to take the lead role in advising Adelphi in responding to the unsolicited takeover offer from AWE;

· Cochrane Lishman Carson Luscombe has been appointed to the role of Legal Advisor;

· PriceWaterhouseCoopers Securities Ltd has been appointed to the role of Independent Expert; and

· RISC Pty Ltd, an independent technical specialist, has been engaged to provide a technical valuation of Adelphi’s assets, in particular the Sugarloaf Project.

Adelphi will respond to the Offer in its Target Statement which will analyse the proposal from AWE and provide a recommendation to shareholders. The Target Statement will include an Independent Expert’s Report and a Technical Report valuing Adelphi’s assets. The Independent Expert will provide shareholders with an independent view of whether the Offer is fair and reasonable. The Target Statement will be issued by no later than 31 May 2010.

 

[Agentm]

just east of the JVP acreages (and the extended acreages of AUT longhorn and ipanema).. this little cluster of wells are in full swing with pioneer and conocophillips

and to the west of our acreages you can be certain there has been plenty of drilling activity by conoco for many years

these are pictures of the conocophillips rig in karnes county drilling the yanata cattle well. the well is right next to the pioneer acreages to the west of our acreages and the rig has just finished the eskew junior well in live oak right on the border of the jvp acreages

 

[adobee]

Adelphi has appointed the following key advisors to assist in responding to the Offer:
· Hartleys Limited has been appointed as Corporate Advisor to Adelphi to take the lead role in advising Adelphi in responding to the unsolicited takeover offer from AWE;

· Cochrane Lishman Carson Luscombe has been appointed to the role of Legal Advisor;

· PriceWaterhouseCoopers Securities Ltd has been appointed to the role of Independent Expert; and

· RISC Pty Ltd, an independent technical specialist, has been engaged to provide a technical valuation of Adelphi’s assets, in particular the Sugarloaf Project.

Adelphi will respond to the Offer in its Target Statement which will analyse the proposal from AWE and provide a recommendation to shareholders. The Target Statement will include an Independent Expert’s Report and a Technical Report valuing Adelphi’s assets. The Independent Expert will provide shareholders with an independent view of whether the Offer is fair and reasonable. The Target Statement will be issued by no later than 31 May 2010.[/COLOR]

I read this in the announcement and thought that if they dont increase the bid we will have wasted all our cap raising on paying these damb consultants.. i know how much pwc etc cost and its not cheap.. Awe should have to pay these fees.. The fact that we are paying all these consultants and not just flat out rejecting the offer makes me think the board may be inclinced to do something with AWE ..

 

[rock86]

I read this in the announcement and thought that if they dont increase the bid we will have wasted all our cap raising on paying these damb consultants.. i know how much pwc etc cost and its not cheap.. Awe should have to pay these fees.. The fact that we are paying all these consultants and not just flat out rejecting the offer makes me think the board may be inclinced to do something with AWE ..

Maybe the "something" with AWE was just this, raise attention to the market through a low ball offer, free publicity, increased SP in an instance, then the target statement shows the market how valuable Eagleford is and the potential of this company, and for any company with interest in the Eagleford.

Just a different look at things, but it is possible, as it is in AWE's best interest also (if they don't takeover) if ADI receives publicity, a proper (higher) valuation, and reports that show the potential (including the SP) of ADI. 33% of a $1 company is worth more then 33% of a 40c company.

 

[philly]

Maybe the "something" with AWE was just this, raise attention to the market through a low ball offer, free publicity, increased SP in an instance, then the target statement shows the market how valuable Eagleford is and the potential of this company, and for any company with interest in the Eagleford.

Just a different look at things, but it is possible, as it is in AWE's best interest also (if they don't takeover) if ADI receives publicity, a proper (higher) valuation, and reports that show the potential (including the SP) of ADI. 33% of a $1 company is worth more then 33% of a 40c company.

OMG rock86 I had the same thoughts about AWE'S motives. I always like the old conspiracy theory. If I had 33% of the shares and thought the SP was undervalued I would do something to increase outside interest and if in the meantime I was able to pick up some more cheap shares then I would be very pleased.
AWE is a big player and if it takes over ADI to get a 10% interest in Sugarloaf then IMO AWE may well target AUT & EKA to increase its stake in what we holders all know is a first class play.
All IMHO and DYOR
I hold ADI & AUT

 

[Ramblin Round]

Rock, your theory is definitely a delightful stretch of the imagination that's for sure. I do not know the ADI board well enough to give them that much credit....yet. But I can appreciate that theory as good forward thinking.

I do say that it all could have been a great flag to gather investment attention, but that still doesn't explain the trading options by key shareholders at .25 prior to the current event. 5.5 mill for what ? Auditors and analysists ? To review a lowball offer ?

I also think it is unreasonable to expect AWE to carry the expense of analyzing an offer to purchase ADI for ADI. That's just silly. They [AWE] obviously researched before they offered. What ADI does now is their own business decision, and therefore must research the offer for themselves.

Truth be known I hope we all profit from whatever the outcome is. This play is larger than most people here can fathhom and I'm glad to be in it. Perhaps ADI is being supressed purposely by someone for reasons we penny stock peons are not priviledged to. Some people will get rich. Others will get very rich. And then choice few others will get very very rich.

 

[AngusSmart]

i have some book today at home, Bidders statement dated 17th may however... its from awe by the brief look of things, seems to be about them telling me to sell them my shares..

fat chance!!

i guess most people will receive this in the mail today also.

 

[Sdajii]

This is empty speculation, and possibly completely insane, akin to crop circle alien beliefs etc, but is there a chance that someone from AWE could be saying to someone from ADI "Get yourselves hideously undervalued, we'll buy you out for nothing, then under the table give you a big fat chunk of what we buy, and we'll both be utterly disturbingly wealthy"?

 

[Ramblin Round]

That's very far fetched. Although the relationships between oil and gas companies are all fat cat relations, especially here in Texas. One day they hate each other with mudslinging to the death and then the next they top lease each other and throw profit parties together. Almost as bad as lawyers I say.


The crossover between company executives with ADI has always been curious to me, but I can't put my finger on what it means other than small caps starting other smaller caps. It happens all the time on a larger scale here. Rich getting richer by hiring themselves or their friends.

 

[Ramblin Round]

June the 4th ?????????????????



http://www.adelphienergy.com.au/fil...ion of Time to Despatch Targets Statement.pdf



You've got to be bloody kidding me. They can't release an advisory position on a lowball offer by this week ?? No statement until June 4th ? Oh, but don't take any action either holders. Just like last time.

Seriously ? Why does the ASX get to know but shareholders do not ? I'm in the states here so it may work differently for ya'll down under. Can anyone make sense of this ?


ADI had better hustle and quick. The competition has already made their position VERY well known, yet ADI is slow to respond. ADI better get on with it. That's just some good ol' Texan advice.

 

[Agentm]

whats your issue rambling..?? are you keen to sell?

just put your shares on sell today..

imho your getting .40 today quicker than if the share was trading right now..

june 4 is just a reply date.. there is much more work to be done after that

anyone wanting in gets more chances..

i am with the buyers atm.. brilliant value right now is adi.. imho it wont go for .40 in any way.. so dead set certainty for a upside win..

moan all you like rambling,,, go ADI!!

think i will add a lot more now myself