ADI - Adelphi Energy
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Agentm said:
Agemt M, just noticed this at HC:
JUNIOR explorer Northern Territory Oil has abandoned plans for an initial public offering after failing to raise enough capital for drilling operations in Texas, Western Australia and the Northern Territory.
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you cant change the position people will take on this well. some are long and a lot are short,, day to day doesnt bother me as the value of this share is not really in the speculative prices of this week, but for me they will arrive as they announce the flow rates and news of the logs etc in the coming weeks.
Still 1000' to go so its still "in the primary" as they said in the announcement.
fortunately we dont have the situation with adi where is been largely held by speculators, i think the thin numbers that go will go now, as they fully realise that with or without shows the sp seems to stay around where it is currently..
its great buying opportunity if you are long,, and pity if your a short term holder as the share just isnt going to skyrocket just yet..
a few more shows in the primary would be great to boost the already high number of meters of plays..
still confident on the secondaries and hold for that value, as thats why i bought in..
the only obvious fact is that the shows are there and thus the well potentially has commercial shows in three zones in the primary.. they have shut down all information and no one can do anything much except wait.. or sell..
i watch with interest on how many bail now,, by the volumes so far i assume the majority are long on the SL..
Still 1000' to go so its still "in the primary" as they said in the announcement.
fortunately we dont have the situation with adi where is been largely held by speculators, i think the thin numbers that go will go now, as they fully realise that with or without shows the sp seems to stay around where it is currently..
its great buying opportunity if you are long,, and pity if your a short term holder as the share just isnt going to skyrocket just yet..
a few more shows in the primary would be great to boost the already high number of meters of plays..
still confident on the secondaries and hold for that value, as thats why i bought in..
the only obvious fact is that the shows are there and thus the well potentially has commercial shows in three zones in the primary.. they have shut down all information and no one can do anything much except wait.. or sell..
i watch with interest on how many bail now,, by the volumes so far i assume the majority are long on the SL..
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Todays volume is a joke. Not too many people prepared to sell this close to TD and flow testing. Perhaps a lot of traders have been shaken from the tree after the fluctuations this last week. C'mon ADI !!! 
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Hi guys
the icing on the cake will be another nice gas show before they reach T.D
i must say apart from Couchie, the JVP's have done a great job keeping the info tight without any major leaks..
regards
the icing on the cake will be another nice gas show before they reach T.D
i must say apart from Couchie, the JVP's have done a great job keeping the info tight without any major leaks..
regards
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Lert said:
Hi Lert, No i wouldnt look too much into anythin behind the
arq sp rise. At the price of $1.41, it is a good price to be picking it up, volume not high today either for ARQ.
Have a gut feeling that the secondaries may be better than the primary in SL, and that New Taiton will be better that SL, dunno why but thats what I'm feeling........
If ADI sp falls again may jump in and get some more. Some may sell due to lack of info, but hey, no news is often good news...
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more conspiracies to solve,,
this appeared on a UK thread, the poster is someone who has been alerted to me as being very reliable on matters concerning couch..
no doubt tarzan knows this guy..
seems there is now a "no go" on all information..
whats going on??? couchy was the biggest spruiker of SL and now he cant say anything??
this is begining to make me wonder about why the secrecy?? is there something they dont want us to know?
love a conspiracy theory..
Safiande - 22 Nov'06 - 07:46 - 21246 of 21286
Draw your own conclusions.
-------------------------------------------------
Tue 11/21/06
The well is tight hole on information
Charles Couch
Exploration Manager
Oil2 Holdings, Inc
1919 Rhome Street
Dallas, Texas 75229
(972) 444-0256
Fax (972) 444-0276
cell (214) 616-3832
any thoughts anyone???????????
this appeared on a UK thread, the poster is someone who has been alerted to me as being very reliable on matters concerning couch..
no doubt tarzan knows this guy..
seems there is now a "no go" on all information..
whats going on??? couchy was the biggest spruiker of SL and now he cant say anything??
this is begining to make me wonder about why the secrecy?? is there something they dont want us to know?
love a conspiracy theory..
Safiande - 22 Nov'06 - 07:46 - 21246 of 21286
Draw your own conclusions.
-------------------------------------------------
Tue 11/21/06
The well is tight hole on information
Charles Couch
Exploration Manager
Oil2 Holdings, Inc
1919 Rhome Street
Dallas, Texas 75229
(972) 444-0256
Fax (972) 444-0276
cell (214) 616-3832
any thoughts anyone???????????
very interesting....
Quite a conundrum.
From an agentm point of view it sounds like Couch is
1)being told to shut up because SL could explode
Or
From a more pesimistic on-looker
2) He is just shutting up coz he knows that its a duster.
I pray its number one.
If i hadnt heard from our Pommie friends I would have to assume number 2 on the lack of announcements but I have heard from them (that is before there posts were removed) adn that instills a good degree of confidence. Then again like everyone has already said we really dont know till the flow testing is complete.
Cheers and good-luck
PS if you lads in the UK have anymore messages from little birdies plzzzzz let us know over here.
Also, couchies sub note "your not on the list" makes the mind boogle.
Quite a conundrum.
From an agentm point of view it sounds like Couch is
1)being told to shut up because SL could explode
Or
From a more pesimistic on-looker
2) He is just shutting up coz he knows that its a duster.
I pray its number one.
If i hadnt heard from our Pommie friends I would have to assume number 2 on the lack of announcements but I have heard from them (that is before there posts were removed) adn that instills a good degree of confidence. Then again like everyone has already said we really dont know till the flow testing is complete.
Cheers and good-luck
PS if you lads in the UK have anymore messages from little birdies plzzzzz let us know over here.
Also, couchies sub note "your not on the list" makes the mind boogle.
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I have info from a reliable source that the secrecy is due to the neighbouring leases around SL. This is why last gas show announcement contained even less info than the previous "brief" announcments.
I dunno guys, I'm feeling pretty good about this one. We know their ship is tight - which can be seen by the falling SP prior to gas show announcments. The secondaries are better than expected and ADI has said they would only be reporting potentially commercial shows. Already at least 2 wells have been penciled in for the secondaries alone. We only had 1 gas show announcement for the secondaries and they played that one down and 3 pretty good reports for the primary with limited info. Texas Crude has been behind this project for years... They are big players and would crap on the likes of Northern Territory Oil & GDN anyday. So why would texas crude want to keep it so secretive?? Have they hit the motherload or are they still in search of the holy grail at a mere USD$75,000 per day?? If it was a fizzer, why would they bother keeping it secret from landowners and neighbours?? I think there is gas there (obviously) and it's looking potentially commercial and big. Now all they need to do is test it and find out for sure, so for the time being - lips are sealed. That is of course my speculative opinion
Couch:
Sugarloaf Hosston Prospect – DeWitt County, Tx
20,000 Acre Four Way Closure – new porosity seismic technology – 15 years generating this prospect.
Two Trillion (not Million… not Billion…. but Trillion) Cubic Feet of Gas Potential – I can hear the elephants stomping
I dunno guys, I'm feeling pretty good about this one. We know their ship is tight - which can be seen by the falling SP prior to gas show announcments. The secondaries are better than expected and ADI has said they would only be reporting potentially commercial shows. Already at least 2 wells have been penciled in for the secondaries alone. We only had 1 gas show announcement for the secondaries and they played that one down and 3 pretty good reports for the primary with limited info. Texas Crude has been behind this project for years... They are big players and would crap on the likes of Northern Territory Oil & GDN anyday. So why would texas crude want to keep it so secretive?? Have they hit the motherload or are they still in search of the holy grail at a mere USD$75,000 per day?? If it was a fizzer, why would they bother keeping it secret from landowners and neighbours?? I think there is gas there (obviously) and it's looking potentially commercial and big. Now all they need to do is test it and find out for sure, so for the time being - lips are sealed. That is of course my speculative opinion
Couch:
Sugarloaf Hosston Prospect – DeWitt County, Tx
20,000 Acre Four Way Closure – new porosity seismic technology – 15 years generating this prospect.
Two Trillion (not Million… not Billion…. but Trillion) Cubic Feet of Gas Potential – I can hear the elephants stomping
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Another thought, and again, my speculative opinion.... I am quite sure they have well and truely exceeded their approved AFE cost. A lot of people higher up the food chain who pay the bills will be asking a lot of questions and be expecting results. When they hit 21,000' and if hosston continues deeper they will then also have to weight up the risks and evaluate whether it is economically viable to keep drilling and also risk keeping the hole open. The rig is capable of going beyond 21,000' and if they do, I dare say this is a very good sign indeed
maverick11 said:
Yep good point....i have great confidence in this well and have done so for a while now, there has been alot...and i mean alot of work done by all parties involved here and yes....alot of money spent. (Not forgetting hell of alot of speculation.) The big fish asking questions would highly be the case. If this well was not good enough by now they would have pulled the plug and moved on. Anyways, only time will tell now...these tests are going to really interesting not only for us investors but other companies who have similar interests in this somewhat unexplored area...
maverick11 said:
On 12 Nov spend was $7,910,170 compared to the budget of $5,750,000 so they are already well over. Also if a smaller testing rig is not available I ´m assuming that they will be prepared to go even further over budget by continuing with the Patterson #30 2000HP Mother Fooka.
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First time I have posted on this bb normally just look in early (pommie land), just to say that if I were to trust anybody on the EME bulletin board it would be Safiande. I believe he is straight up and usually posts a link to back up his posts.
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I think the approved AFE cost was increased to $6,022,072, but either way you look at it they would be well over $8m by now, and several million over the running AFE. If I was paying the bills and drilling deeper didn't seem worthwhile then I would be pulling the plug...
Re - Saf -UK eme poster - yes he is a trusted one who does a lot of research.
Not much to report today buy at least we held the SP on EME.
Couch is not silenced because of bad news - we already know that - I am not worried about that! imho - good morning and good luck today!
Not much to report today buy at least we held the SP on EME.
Couch is not silenced because of bad news - we already know that - I am not worried about that! imho - good morning and good luck today!
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the good news yesterday was the announcement of elsi 1
there are great gas shows through out the whole drill..
no ones jumping ship from what i can see.. maybe others out there are seeing what i see.. value!!
ARQ said the else 1 drill was low risk,, the hydrocarbons are there, its all down to porosity,, there are lots of productive wells on the same plays all around the drill, so i am very comfortable with else 1, it was the one i was relying on more.. austin chalks is my little favorite,, what a gem,, it stops any chance of the sp from falling..
as for the sands.. the nicest news was hearing they had shows,, and plenty of them... the initial shows were the same size as the austin chalks!!! and we are down at 20,000' !!!!! man thats insane,, imagine the pressure and compactions at those depths... i still cant wait for the porosity results.. obviously the size of the shows was beyond their estimates as they only went for 30 meters of plays on the well in its projections and got way more.. currently 50 or more!!
i get a little excited on the sands,, as its really great news, but with the extreme downplaying of the significance of the shows, and the reporting of only the shows that they deemed potentially commercial, and none of the others.. its highly encouraging to know the sands have the potential to be commercial!!!
bring on the flow testing i say... i want real value on my investment.. not this bargain basement speculative prices we see today..
becoming impatient recently!!
there are great gas shows through out the whole drill..
no ones jumping ship from what i can see.. maybe others out there are seeing what i see.. value!!
ARQ said the else 1 drill was low risk,, the hydrocarbons are there, its all down to porosity,, there are lots of productive wells on the same plays all around the drill, so i am very comfortable with else 1, it was the one i was relying on more.. austin chalks is my little favorite,, what a gem,, it stops any chance of the sp from falling..
as for the sands.. the nicest news was hearing they had shows,, and plenty of them... the initial shows were the same size as the austin chalks!!! and we are down at 20,000' !!!!! man thats insane,, imagine the pressure and compactions at those depths... i still cant wait for the porosity results.. obviously the size of the shows was beyond their estimates as they only went for 30 meters of plays on the well in its projections and got way more.. currently 50 or more!!
i get a little excited on the sands,, as its really great news, but with the extreme downplaying of the significance of the shows, and the reporting of only the shows that they deemed potentially commercial, and none of the others.. its highly encouraging to know the sands have the potential to be commercial!!!
bring on the flow testing i say... i want real value on my investment.. not this bargain basement speculative prices we see today..
becoming impatient recently!!
