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ADI - Adelphi Energy

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tarzanhey said:
THESE GUYS ARE SO CAGEY YOU HAVE TO READ BETWEEN THE LINES.
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Maybe we have read too much between the lines. ADI, according to their announcement today, have only listed 2 shallow wells for sugarloaf in 07 and none for 08 or 09. I can't hear any elephants stomping.
 
nioka said:
Maybe we have read too much between the lines. ADI, according to their announcement today, have only listed 2 shallow wells for sugarloaf in 07 and none for 08 or 09. I can't hear any elephants stomping.
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ADI AGM presentation has confirmed earlier sight of logs in upper Hosston which could not have been much sweeter. 80% sandstone for the first 45m . We didn ´t see the logs for the latter 5.5m. Furthermore these are reported shows per Anns only as they have not revealed any new info. The seismic was very accurate. This is one reason ADI stated that “the geology was mainly as expected “ in their presentation.
If this flows we can expect good numbers imho but no problem if you are short & need to manipulate the price lower. :
 
OK guys its my turn!
Seems too me they have left open a chance for futher drilling after the wireline logging is complete.
Gas shows in the primaries and secondaries theat have been announced they feel are commercial.
New Taiton just around the corner so here we go again.
Yemen looks like an exciting prospect.
Timor Sea is defiantely an oil and gas rich area.
Indonesia wait too hear more about.
All in all this is an exciting company with great prospects both short and medium term I watch with enthusiasm and interest with the feeling that gains will be made in the near future
 
Well, sorry to say but i think the houston sands have been nowhere near what they expected, and that the 2ndrys have been better than they expected,but after saying that they also say in the ADI agm that there has been 55.5m? of gas shows over all, and does that not equate to 800 bcf, which is what they expected to find?
I think the 2ndrys will bethe money spinner behind thisand yesthismay already be factored into the SP. New Taition(N.T), will be a goer, Yemen, looks promising, but see what happens with the terrorist net work there, as for Indonesia, from what i know from living there onand off, this country has plenty of reserves and unexploredarea. I'm keen to find out more about this venture and who they are working with.
In any case i now see my holding of this stock increasing as the upside overall has just increased, with or without HS.
This is a company with a future, SL is just a step in its path to success
 
hey people, they are logging now, some 130' short because of inconsequential operational reasons. Drilling deeper is still an option on the cards. This also isn't the first log, so no big deal, but at least we can expect some log results in a few days.

Also, anyone notice the additional 1,500,000 (95cps) incentive options issued to managment
 
Guys I don't mean to hijack this thread, but have any of you been following GGP?


There wireline logs just confirmed over 1000ft of gas intersections over 4 seperate zones, I have noticed alot of very technical analysis on this thread and am curious what sore of Struture are we talking about with such an intersection? Company had pre-drill estimates of between 50-250BCF?


Sorry for off-topic post

Also how did you guys learn this tech analysis of Oil/Gas wells, recommend any good books etc?
 
After looking closer i agree with most of the above..

TD is not an issue, they have gone as far as they wanted.. the wireline logging is nesseary and being done for good reasons. The shows in the primary are significant and warrant further investigation.

yesterday i was confused as to why they didnt announce the TD. there is a very small chance they could find reasons to drill further, but in all probability it appears this is as far as they go..

The seismics were relatively accurate, except in predicting the start of the sands.. we are at amazing depths here and these texas guys know their stuff..

looking forward to the results in the short term on the wireline..
 

I find it very interesting that GGP only announced one 25 ft section of gas during drilling, yet are now confirming potential production from 1000ft and four sections. If you ascribe the discrepancy to conservative management announcements, i would say ADI et al have been very conservative in their announcements, yet have 55 metres of stated shows in several intervals. It bodes well for the wireline logs in this highly gaseous fairway I would think!
 

It all depends on the width i think.
 
djones said:
It all depends on the width i think.
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We are talking about Gas intercepts here aren't we? :


David you are absolutely right, thats why this 1000ft intersection has caught so many investors/brokers off guard as during drilling the only ann a 25ft intersection
 

I don't get it. Logging of their well is completed but they provide no data whatsoever. They have four zones of gas bearing intervals totalling 1000', but this is no indication of well commerciality. Further to this, 1000' of gas bearing intervals does not indicate even 1' of gas 'shows'. Sugarloaf for example would have 3000'+ of "potentially gas bearing" intersects/targets, but the 'potentially commercial gas shows' are much smaller.
 
maverick11 said:
Also, anyone notice the additional 1,500,000 (95cps) incentive options issued to managment
Click to expand...
Yes, I did. They know something we don't know! *dances* lol!

But if this moves, I'll be doing everything I can to put more on it.
 
When there was the thought of "elephants stopmping" I doubled my holding. I no longer hear elephants so I have halved my holding. I have faith that the company has a future but I still believe that too much has been said on this forum that is based more on hope than on proven facts. Too much has been speculation. There has also been a lot of very good information.
 
I tend to agree with you ,although its more of a case of the elephants stoppping for now .Any sign of an upward move and I will increase my holding.Cheers.
 
quiet day today..

i was wondering if anyone had ideas of when the wireline gets announced,, theres quite a few thousand feet to be done, next week perhaps?

In spite of announcing 2 possible planned wells for the austin i cant see an agenda for the flow testing.. I believe they wirelined the secondaries, both austin and sligo.. do we get that data soon?

I see EKA is getting good value for the investors,, are things going well there??

can anyone tell me what the new project in turkey can deliver to their sp?? must be pretty good as the share may be sneaking past adi soon,, anyone hold both?

all these questions....
 
Hey Agentm, im still holding EKA and ADI. EKA recently hit 9m of oil shows and stopped to run a casing before drilling any further. Still have 160m to drill.
the have a lot of info on this well in their nov 3 corporate presentation.
i think the p50 estimate was a potential 31m barrels. eka have a 20% stake and can increase it to 45% for something like 2 million.
 
I hold both as well Homer, was trying to get my head around what 31m barrels might be worth if they up to 45% interest. As sandy mentioned they encountered oil 30m before they expected it, has to be encouraging.
 
yes i have no idea what it could be worth either.
from their website:

The structure has the potential to host recoverable reserves of 31 million barrels (P50) if oil is present and commercially extractable. The oil recovered from the Raman fields is relatively heavy (13-18 API gravity) and any oil at Koyunlu-1 is likely to be similar. This oil is readily saleable at a small discount to standard Middle Eastern Crude prices. The area has good oil and gas infrastructure with the regional oil refining and handling centre at Batman, 24 kilometres north of the well location.

http://www.eurekaenergy.com.au/bismil.asp
 
Bored, bored, bored, bored, bored, bored… I’m getting sick of pushing the refresh key on adi today. Even the stuff on eka is boring. I mean come on guys, what are the chances of it coming up with some Turkish delight considering they joined the project a couple of weeks before drilling? … Must be time for another motivational tirade about adi from Agentm to get us all perked up for the weekend.…
 
:topic

i just been out all afternoon doing calls to clients,, its like nothing i expected weather wise... absolutely brilliant day..


this stock is like...:horse:


nothing happens now,, they wireline... YAWN... :headshake

oh yeah,, later on we get rich!!


not a single announcement by anyone, no broker reports, no presentations to make some more absolutely outrageous conspiracy theories about, unless something happens soon i will have to start ranting and raving about beasley..
so nothing to end the week with :band



even the cricket, which i dont follow nor like is boring.


cant we discuss cudeco??? is it the real deal??

or why GDN refuse to release the wireline logs to the market as promised???

so dyo ranting and have an absolutely fantastic weekend.. hope everyone made a bundle and i intend to get thoroughly smashed all weekend as its high time i did so...
 
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