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ADI - Adelphi Energy

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NT news will be a frac program for the lower wilcox, its already under review and announcements will be made in the mid week report, unless they want to release it earlier, but i see no real need to make it a seperate announcement. Tomorrow we get that data, and they will possibly have a workover rig and frac crew lined up, maybe some of that news will be announced at the same time.

The aussie JVP's EKA and AUT are getting some action at the moment.

time to snooze off again.. its basically academic for NT, plug and pay!
 
AZZ's announcement today nothing new:

Project: New Taiton
Prospect: New Taiton
Well: Ilse-1

Wharton County, Texas, S. Lavon Evans, Jr., Operating Company, Inc. Operator, Antares 25%

The joint venturers are currently evaluating and commenting on the forward testing program. Once agreement has been reached the program can commence.
 
This company is a joke.

Do they want their mummy to hold their hand as they cross the road? Want to ask permission before they can go to the toilet? Before they can leave the table?

Christ, it's going to be another three months before they can be bothered writing another three lines on a page by the looks.
 
I cannot see the benefit to Adelphi of NOT releasing more valuable information to the market on their projects status, I was saying this to myself for a number of weeks ago and still am, sure they have released bits and pieces, but outline in a business like manner to keep investors informed not a jigsaw to piece together on assumptions.
 
as far as i know, on both SL and NT ADI are not the operator.

i think you may find they are passengers on all the ventures so far..
 
It shouldn't mean squat.

All eventuations should be planned out in advance, and IF they are all reading from the same page, decisions should then be instant or very quick.

It's not difficult, it's just good business practice.
 
Is it fair to say that at some point in time ADI will be a $1 share?

Looking at the charts from all the other gas plays, the movements of ADI have been very similar to that of QGC, NXS, etc.

At current prices is there much hype built into the price?

Is everything dependant on sugarloaf?
 
The difference is those companies actually have something.
 
i think if you have any operational issues with TCO and ADI you need to voice them with the operator or ADI directly. I dont know anyone in this forum who is qualified to answer your concerns, but if you feel there are proceedures that are not to your liking, then they can give you the best answers.

once i had researched the operator on Sugarloaf, i had no issue with accumulating this share, and i keep on doing so. its a free market, and the beauty of investing is that your free to buy or sell for whatever reason you like and whenever you like. currently the share is being tightly held, but i have noticed a lot of volume happening on the EKA side, and no comment from anyone on that! EKAO are at .15 also! interesting value on a share with only one play!


dyor on the share and as far as instant decisions go, i cant think of any company that i have my money with in which i would want it managed and run in that fashion.
 
Reading over the announcements from the 12th of March.

They said they plugged the well due to lack of gas flow at sugarloaf.

So does this mean sugarloaf is no good, or do they have this secondary well to drill and test?

Was that the primary target, which was meant to be the icing on the cake for ADI shareholders?
 
Reading through the ARC briefing today it was interesting to note Eric talking about the Yemen prospects. He mentions that the alliance has just been awarded the Block 7 and Block 74 which adelphi holds 8.5% in. No mention of timing for drilling in these blocks as i imagine it will be driven by oil searchs agenda.
 
kEN..

That was just the Hostton, the primary target which would have been the massive icing on the cake. Sugarloaf is not dead and buried. We are waiting for the decision to be made on the secondary targets where its expected there will be commercial flow.

Just need to be patient, although i'm starting to loose mine a bit with the lack of news regarding the Sugar progress.
 
tomcat,

yemen is not an alliance venture.

arq and adi share blocks in yemen,and arq has a block on its own from a merger with voyager, that is about to be drilled.

adi is quietly sleeping at the moment. i dont have a problem with it being this quiet, i imagine the NT announcement on a frac program may come out next wednesday, they have already told the market they have commenced negotiations on the pipeline access, so you cant get any more bullish than that.
 


I agree Agent, I have contacted ADI and recieved a "quietly confident" response to the potential of both their current wells ............ but I suspect that NT could be a much bigger trump card than we all realise............... These things take time .... Patience will be rewarded imo .............. (still holding)
 
I have a feeling your right barney on NT, its definately a sleeper, the well had 3 plays and all three have shows, and the last gas shows, as we all know, ended in them stopping the drill. when the second well is drilled they will use a better well and a far better crew!!

no action to the sp as theres nothing the market to react to..

next announcement may be next wednesday for NT i feel, otherwise alls quiet on the western front
 


Hi folks,

ADI ... expecting 2 positive cycles to bring
us some news, about 26-27042007 ...

happy days

paul

 
thank you paul (which is a great name for a prophet)

i look forward to your great insights coming through!!
 
Agentm said:
next announcement may be next wednesday for NT i feel, otherwise alls quiet on the western front
Click to expand...


The western front may be mustering a few troups ................ Few nice orders through today ................ Couple of $10,000's and a $15,000 ........... and a few smaller ones ................. hopefully its seatbelt fastening time .......... Good luck all.
 
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