ADI - Adelphi Energy

prgudula · 2 July 2010

On market takeover bid by ARC Energy Limited, a wholly owned subsidiary of AWE Limited, for ordinary shares in the capital of Adelphi Energy Limited – extension of Offer Period.

As a follow up to the announcement of Monday 21 June 2010, Macquarie Securities (Australia) Limited ABN 58 002 832 126 (Macquarie) announces that Macquarie will, on behalf of ARC Energy Limited ABN 74 009 204 031 (AEL), a wholly owned subsidiary of AWE Limited ABN 70 077 897 440 (AWE), extend the Offer Period (Offer Period) of AEL's on-market bid for the shares in Adelphi Energy Limited (Adelphi) by 1 week.

The Offer Period is now due to close at the close of trade on Friday 16 July 2010.

For further information please refer to the attached release by AEL.

The Adelphi Shares

The Adelphi Shares which are the subject of the Offer are all fully paid ordinary shares in the capital of Adelphi which AEL does not already have a relevant interest in at the date of the Bidder’s Statement or such other shares which are issued during the Offer Period.

Immediately before the making of this announcement:
• in so far as AEL is aware, there are 169,271,380 Adelphi Shares on issue, all of
which are quoted on ASX; and
• As at the close of trade on Thursday 1 July 2010, AEL had a relevant interest in
136,207,913 Adelphi Shares, which represent approximately 80.467% of all
Adelphi Shares on issue in the capital of Adelphi.
Signed on behalf of Macquarie Securities (Australia) Limited.

toocool · 2 July 2010

So now that it looks more likely that they will get their 90% will there be any action in the AWE thread ??

I noticed someone called into Your money your call during the week and asked about AWE and the guests on the show pretty much hammed it.

Any thoughts ?

Any holders in AWE ?

(note, im not)

jancha · 2 July 2010

toocool said:
So now that it looks more likely that they will get their 90% will there be any action in the AWE thread ??

I noticed someone called into Your money your call during the week and asked about AWE and the guests on the show pretty much hammed it.

Any thoughts ?

Any holders in AWE ?

(note, im not)

Yeah started buying into on basis of their growth rate of a 1 rating with Huntleys valuing them at $3 ps on a buy.
Just out of interest what did the panel have say about AWE?

condog · 2 July 2010

imo the only good thing about awe is the price it got adi for.

Put your money in AUT or EKA. I know which one i prefer.

AngusSmart · 2 July 2010

condog said:
imo the only good thing about awe is the price it got adi for.

Put your money in AUT or EKA. I know which one i prefer.

I'm thinking of going a little into eka, where can i find a list of substantial holders for eka?

all i can find is

Substantial shareholder list at 30-09-09
Shareholder Name Share Holding % Shares Held
David Neate 6,000,000 5.20
Hugh Wallace-Smith 11,850,000 1.03

philly · 2 July 2010

I sold today and whilst not happy about the circumstances I did achieve a gross profit of 124% I am cashed up now and looking for a new opportunity. Thank you to all posters for sharing your information and views regarding ADI. Special thanks to agentm you are a legend.
Hope to meet you again on another thread!

Ramblin Round · 3 July 2010

Bye bye Adelphi. That statement menas so much now in so many different ways. lol............................

WRONG'UN · 3 July 2010

I'm out too.
This has been one of my best ever trades, and I thank all contributors to the fantastic thread, particularly Agentm - as Philly said, you are a legend.

jancha · 3 July 2010

condog said:
imo the only good thing about awe is the price it got adi for.

Put your money in AUT or EKA. I know which one i prefer.

Condog do you think you could possibly elaborate on why the only good thing about AWE is the price it got for ADI?

I hold AUT as well but i dont think you should be able make such statements as "Put your money in AUT" without adding the risk factors!!

Sdajii · 4 July 2010

jancha said:
I hold AUT as well but i dont think you should be able make such statements as "Put your money in AUT" without adding the risk factors!!

I think he means "AWE is a crap company without much good going for it apart from the part of its business which used to be called ADI and is undervalued"

jancha · 4 July 2010

Sdajii said:
I think he means "AWE is a crap company without much good going for it apart from the part of its business which used to be called ADI and is undervalued"

I'm quite aware of what condog means Sdajii.
Reasons as to why it's a so called "crap company" would be more appropriate.

R.I.P ADI.

Agentm · 5 July 2010

jancha said:
I'm quite aware of what condog means Sdajii.
Reasons as to why it's a so called "crap company" would be more appropriate.

R.I.P ADI.

have to agree

i also cant agree a company is a crap company without any fundamentals to back it up..

some are saying $1.30 is the bottom for them others see it at the current price

its been interesting to watch

condog · 6 July 2010

I didnt say its a crap company, that would be defamatory.

I said i dont like it.

I have plenty of reasons including not being able to find anything menaingful that gives me a reason to invest other then the fact they got ADI for a bargain.

In terms of reccomending AUT, its not a reccomendation, just an opinion, as ADI holders know the deal and the play, they could easily migrate to EKA or AUT and know exactly what the situation is just by researching the directors and financials.

All the best, ultimately make your decisions, seek advice and DYOR.

jancha · 7 July 2010

Condog i dont mean to pick bones but when you post a comment like...
"Put your money in AUT"...(and without the risk factors)
Is that not you recommending to buy it??
Maybe if you stated that YOU would put your money in AUT it might have made a different meaning as in you personally would invest giving it your opinion but by leaving you out of it puts it in a different context.

Wonder if ADI will get the 90% by the closing date?
Only dribbles trading now.

Kremmen · 7 July 2010

jancha said:
Wonder if ADI will get the 90% by the closing date?
Only dribbles trading now.

Dribble, you say. Look again, mate. Millions of them going through. I wonder if they will get to 90% by COB today.

condog · 7 July 2010

Janca if you read the AUt thread you will know why i think its a red hot buy.

If i did it in here id be acused of cross promotion or some garbage.

Perhaps more appropriate in here is why you guys think AWE is a buy with your ADI funds.

Hatchy · 7 July 2010

Well folks, it's been great to chat with you about ADI over the last few years. AWE by my calculations have snuck over 90% today, so that's it, show's over. Everyone pack up and head home. Party's closed.

I sure hope that the Eagleford evokes a bit more response from the markets in the future. Too cheap on ADI is an understatement.

I wonder if AWE will head for AUT next and consolidate their eagleford play.... Interesting times, watch out AUT, they'll probably offer 80c and claim it's a good deal and offer threats (instead of cash) like we were offered for ADI.

Many thanks to AgentM for the reports over the years.
Thanks to Nioka for staying strong. Thanks also to seasprite and IJH.

Thanks to Jancha for offering very little apart from amusement and conflict.

Over and Out.

condog · 7 July 2010

Hope your wrong on the AUt TO offer.

The Eagleford party is far from over, theres EKA, AUT, AZZ?? to name them, but also SEA in the Bakken shale and others.

Like to second that thanks to AGent for his never gro weary approach to EAgleford reporting.

Agentm · 7 July 2010

my research was free!!

plenty came on here and on hc and said it was all BS. and we have a fishy character constantly talk it down, but the fish was wrong as we all know..
lately it looks like the fish is some sort of investor in the play...

adi was gone for all money, gfc and oil at $30. so anyone taking up the .06 adi got to, and made hay while the sun shined,, (like i did) ... then good for them..

azz...its in deeper (you know what) than a werribee duck. yet to have any economic flows in any wells. but i am watching closely, if anything comes up i would drop 100k into it in a heart beat.. but so far NIL.. needs to make a economic well then sell the lot pronto.. or just dilute to oblivion

Eka its in sale mode, lets see who gets it, awe or aut.. you can make a few cents on it if you want atm,, but dont ignore the risks on oil prices..

AUT.. some severe dilutions, following some very difficult turnbull announcements, which imho have to be closely watched..

oil prices........ where to next.. i wont be trapped in a small cap explorer in any GFC ever again.. so until things become crystal clear to me, then i am staying in cash for a long time...

imho.. if your into equities.. take profit and be conservative.. its on a knife edge atm..

AngusSmart · 8 July 2010

90% and board changes already!!

a few announcements up on the asx today,

Thanks Again Agent! i hope you can keep us informed on Aut, and the eagleford in general.

ADI - Adelphi Energy

Sdaji

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