Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

nioka said:
The google earth on the free site is months behind. I have tried to suscribe for the full service but must have clicked a wrong box and it hasn't come through. Will try again sometime.

Sorry guy's, live streaming from google earth is what i had believed you get from the us$400 google earth "professional" version. I have only used the free version, and yep its months behind. If there is no live streming, surly you can get current on the spot photo's of what ever it is you want to look at?
Hope thats all a bit more clear.....
Exciting times ahead for ADI holders..........yippeeeeee
 
everywhere i look i see elephants stomping... i get the feeling somethings about to happen real soon.. no frenzy on the stocks yet as no one gets it.. market was blindsided again!!

i tend to remain convinced the production testing has at some stage in the past two weeks has commenced.. i dont see any follow up announcements in the last two weeks saying anything about workover rigs or anything.. so i remain very convinced to JVP's have done it again and kept the reporting down to a minimum and all we will get from today is the results from the flow testing..

so now i am getting very very interested on the adi stock.. who's going to sell now this close to an announcement???

all IMHO and DYOR
 
nioka said:
It suggested to me that there was nothing to report. I check before the start of trading each day for a trading halt . I expect there to be a trading halt before the next announcement on sugarloaf as it will be either good or bad news next time we are told anything. I'm expecting good news. I expect that's where I'll hear it first.
Just like to repeat last weeks post as it still applies.(and we are a week closer.)
 
We're going through a bit of a sell off at the moment. Anybody buying now is getting a good deal. ADI said the sp is worth $1, it's around 81c, so you could say there's a 20% profit just there. I couldn't help myself, just to get more this morning... :D
 
Hopefully only good things here on out. If the workover rig went up in the last 24-48 hours, how long to test the first zone?
 
hey sniffer. i agree on only good news.

lets say the workover is either up or about to about to be up and running,, then flow testing must commence in the next week or so..

my initial wish is for 2 or so weeks of flow testing and fracing, but that is optomistic.. maybe weeks, up to 8 weeks??? deep well, specialised equipement, and things always dont go to plan.. i think my eagerness for a early result is not going to happen..

maybe its likely the NT well will be at TD and wirelined before the results of the primary is out..

well time to go to sleep for a few months as nothing is going to happen in the near term it seems other than the NT well.. and maybe a few exciting and enticing snippets of data fom the primary to fire things up..
 
any clues why there's been a bit of a sell down? john campbell?? I was tied up with work and didn't get more today - hopefully tomorrow
 
low volumes, nothing really.. when announcements come from flow tests the big money arrives and the sp will rise very rapidly.. also NT news will filter shortly and as they are about to arrive at the targets in the very near term i feel sure the positive news from there will have a positive run on the sp

expecting announcements today re the flow testing..

the process will be very technical and is not as straight forward as i thought. i envisage longer periods of testing on the primary, and the longer we hear nothing the better the news will be on this well production test.

the secondaries at SL are still the key to this share,, plenty of upside on it to come also..
 
AgentM... Thinking out loud a bit here but when I first saw ADI last year I was thinking SL would come through first then NT and other projects later on giving us a nice steadily increasing chart (perfect world scenario!). It now looks like SL (the bigger/slower project) and NT (the smaller & quicker) might come good at the same or similar time (mid year?) with little to get excited about until then... as you say things seldom happen as quickly as you want but with the sp trading pretty low (IMO) but sitting firm at 80ish and the potential for two wells splurting at the same time... patience will be tested but rewarded I feel. Obviously just my opinion and making the assumption that both SL & NT will actually produce to the companies expectation.
 
i understand your thinking HRL..

we will obviously get the NT reports in the coming week, and of all the wells that adi has, the NT targets are dead set low risk, with extremely good seismics and hydrocarbon overlays.. it was the one that i really had most faith in..

a bit over a year ago i became aware of the chalks and started to invest heavily in adi again on the basis that the secondary had also a better than average rating, turns out i did the right thing as the secondaries are by all accounts far better than anyone dreamed.. I cant wait for the next well on the secondaries as once they start there we have some exciting news coming our way i feel.

the primary, would not be tested unless all sampling and wirelines had extremely good figures, so i believe they have a great chance of getting flow, it is going to be technical difficult and only very specialised equipment is capable of fracing that far down. I would say by the seamless operation so far, the TCO operators will have one of the best teams on the fracing program, any company dealing with multi TCF targets are not going to emply anyone to frac, and i believe the people and equipment they will use will be similar to everything they have used so far. only the best..

i imagine announcements must come soon...

all IMHO and DYOR
 
Anyone else find it strange that AUT have declared this 'market sensitive' while the rest haven't?
 
EEE said:
Anyone else find it strange that AUT have declared this 'market sensitive' while the rest haven't?
The ASX must have considered it market sensitive to have held the shares in 'preopen" for 10mins this morning.
 
The Sugarloaf 1 well testing program has now commenced.

its official

let the games begin!!!!


with the market sensitive stuff, its usually the first one that comes out that gets the market sensitive mark, the others dont..
 
Cheers AgentM

With regards to the testing, ADI have advised that it is expected to take approx two months but does anyone know when we might expect some preliminary results to come through?
 
In the release it states "Further ASX releases in relation to the Sugarloaf-1 testing program will be made uponany material deveolpments and results from these tests"

The way read that is that they will be releases and market sensitive data as it comes to hand, whether that is good or bad flowing.

Fingers crossed now that things have started.

Agent M or Maverick will probably have a better idea as to how long before any data should be received, my guess maybe 2 weeks???

Good luck to all
 
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