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19500 acres, I guess thats how much land you need then for 100 wells!
ADI - Adelphi Energy
- Thread starter Dukey
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19500 acres, I guess thats how much land you need then for 100 wells!
yeah i was thinking about the 'couch' factor myself, this morning.
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100 wells is ridiculous... 100 * $5million each = 500 million....insane...
A couple of nice horizontal wells with a 20 year depletion profile will do me.....
A couple of nice horizontal wells with a 20 year depletion profile will do me.....
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Can't argue with your logic CF, .............. Only thing is, if your timing is a bit out, it could end up costing you more than you make putting your money elswhere (depends on how much spare cash you have as well .... I don't have any spare atm
I'm also not sure whether the sp will stagnate either ........... The traders will probably start to get more interested in this now due to the potential, so on any given day it could spike, and if it does spike, there is no guarantee that the sp will drop back to previous levels .............
Basically trading it is a punt (I'm not a good punter, so I'll be happy to watch from the sidelines so to speak) ............ Todays ann re the extra land is probably the most obvious endorsement that the companies involved are on to something that they perceive to be valuable/worth persuing ..........
Coupled with the results that we already have, I see the whole scenario as being positive and bullish from an investors point of view .............. All just my opinion of course (and I have a vested interest so my opinion should be taken with a grain of salt
Good luck to all holders (and traders ........ no discrimination on my behalf!!..... if SL lives up to expectations then investors and traders alike will both be happy)- Joined
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yeah agree... the news does seem strong enough to warrant holding on even in the short term... especially in ADI's case (I hold EKA) due to NT.....
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My posts here have been far and few lately. Mainly because for me, ADI is a definate sit and hold. Yesterdays news!...excellent stuff! We have been confirmed a time frame and an indication of just what sort of play they are dealing with at SL. Over the last few months the JVP has quietly been aquiring land; obtaining greater access to the reserves while keeping a very tight lid on it. 19,500 Acres is nothing to sneeze at and I suggest we can anticipate something MASSIVE in the near future.
Oh, and there is NT and their other upcoming projects too hehe
Oh, and there is NT and their other upcoming projects too hehe
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Going thru' the implications of the announcement here..... and running the risk of reading too much into it but.... unless there's no financial risk...why would you go to the trouble of acquiring all that extra acreage without testing the shallow targets? You'd have to be very confident about production even with no well test... anyone know how much the acreage acquisition is costing???
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If you look at the 4th paragraph of the announcement, the last line of it say's "...19500 acres to date." You could read into it that they are still on the buy up????????, and that the acreage is at all depths, does that include the dead HS????? Me dunno??
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yes to all levels including HS..
yes to buying more..
wallave, last time i spoke to eka they said they were not buying, now it appears they are, i wouldnt know what cash they have to do this, but the cash position of all jvps is vital to how much carry this play will have on the sp..
yes to buying more..
wallave, last time i spoke to eka they said they were not buying, now it appears they are, i wouldnt know what cash they have to do this, but the cash position of all jvps is vital to how much carry this play will have on the sp..
Interesting times. The rewards are definitely there for investors to see.
ADI rose to $1 on volume. There would be a lot of shareholders who paid more than current price.
ADI definitely got the potential to be one of those stocks you look back on saying why didnt I buy on that weakness. Has happened with so many stocks I have come across.
Weakness = opportunity if you look back on history you see it all the time with these fast rising stocks.
MTN, SMM, ACB, BPT, AED.
Even BHP you saw the weakness at 24 bucks then a run up to 30.
Testing lows then setting highs. Thats the name of the game.
Good luck for those trading ADI on the way down, or holding them on the way up.
ADI rose to $1 on volume. There would be a lot of shareholders who paid more than current price.
ADI definitely got the potential to be one of those stocks you look back on saying why didnt I buy on that weakness. Has happened with so many stocks I have come across.
Weakness = opportunity if you look back on history you see it all the time with these fast rising stocks.
MTN, SMM, ACB, BPT, AED.
Even BHP you saw the weakness at 24 bucks then a run up to 30.
Testing lows then setting highs. Thats the name of the game.
Good luck for those trading ADI on the way down, or holding them on the way up.
Kenny looks like a typical lag between ann and market reaction. The last ann couldnt be anymore in your face, so im still expecting some upward pressure particularly as any holder should be fairly steadfast in their resolve to see this project thru to production.
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i would be staggered if the sp rose much on this, i think the news is not worthy of a massive price spike, there is little data to justify any sp rise like we saw pre the primary being drilled.
until the market actually gets any data from the testing the sp will have trouble reaching great highs..
i expect the nt well may bring a positive sp gain on real testing results, but i have seen stranger things happen on this share.. then i imagine there will be further sp gains if the sl results prove good.
i cant see short term rises being caused by anything other than supply and demand, i wouldnt be suprised if some holders wouldnt want to wait any longer and perhaps move out, perhaps a sp fall is more likely.. 3 months is a long time to hold a sp on no news!!
all imho and dyor
until the market actually gets any data from the testing the sp will have trouble reaching great highs..
i expect the nt well may bring a positive sp gain on real testing results, but i have seen stranger things happen on this share.. then i imagine there will be further sp gains if the sl results prove good.
i cant see short term rises being caused by anything other than supply and demand, i wouldnt be suprised if some holders wouldnt want to wait any longer and perhaps move out, perhaps a sp fall is more likely.. 3 months is a long time to hold a sp on no news!!
all imho and dyor
Agent, at some point along the ADI lifespan it will test old highs and I am not game enough to guess when that is.
If you're already a shareholder from the 40 cent or below level, then you wouldnt be too worried.
The volatility will aim to spook a few investors.
Everyone has time on their hands. Some people have less than others.
If you're already a shareholder from the 40 cent or below level, then you wouldnt be too worried.
The volatility will aim to spook a few investors.
Everyone has time on their hands. Some people have less than others.
agentm are you serious or you looking to top up?
D ) for all the reading between the lines that has gone on in this thread, they (adi and jvs)finally come out and tell the market what everyone has been summising over the last 2 months! Which means only one thing and that is they are sitting on a ****load of gas. Plus you have'nt thrown into the mix. Now im not throwing caution to the wind (stop losses still apply), but correct me if im wrong, adi is now on a countdown and im of the opinion sellers are going to be calling the shots more often than not!- Joined
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yeah... it's a long time to wait but reckon there's not gonna be many investors that are going to sell unless they need the cash... thinking of going on holiday for a few weeks between now and July to help pass the time!!!
Lucky_Country
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ADI rose too over $1 just on speculation regards too the HS with no confirmed data
This announcement I feel adds weight too the speculation on the shallow targets which can only be good for the sp which many of us are holding tightly.
Those that do want in may now have too pay above yesterdays close as NT is also looking positive and could even test its highs anytime soon
This announcement I feel adds weight too the speculation on the shallow targets which can only be good for the sp which many of us are holding tightly.
Those that do want in may now have too pay above yesterdays close as NT is also looking positive and could even test its highs anytime soon
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we will see how it pans out, and yes i am accumulating..
i dont see $1 on the sp on this news, i think the only real news that will send the sp up will be positive and comprehesive well data.
as i say its all IMHO and dyor, buy at whatever price you want, and from what i have seen there has been plenty of stock on the boards available for up to 10 cents higher and more and no one buying it up. yesterday the greater majority was sold lower than the close price.. i view the short term sp to increase slightly, then over a three month period and stock market corrections, the sp will have difficulty sustaining long term highs,, its just the way i see it, i cant see reasons for price increases and speculators are not going to sit on this stock for 3 months. lets see how it trends out, but if it was going to spike, i think it should have yesterday.
i dont see $1 on the sp on this news, i think the only real news that will send the sp up will be positive and comprehesive well data.
as i say its all IMHO and dyor, buy at whatever price you want, and from what i have seen there has been plenty of stock on the boards available for up to 10 cents higher and more and no one buying it up. yesterday the greater majority was sold lower than the close price.. i view the short term sp to increase slightly, then over a three month period and stock market corrections, the sp will have difficulty sustaining long term highs,, its just the way i see it, i cant see reasons for price increases and speculators are not going to sit on this stock for 3 months. lets see how it trends out, but if it was going to spike, i think it should have yesterday.
Lucky_Country
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Hopefully soon NT wont be speculation we will see some data and hopefully be pleasantly suprised it already seems an almost certainty it will be a producing well so lets see how much production we can get and how it relates too the sp
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Agree AgentM... I was hoping (!) the price will fall to around 48-49 cents - which is where it reached on the back of the sugarloaf shallow discoveries pre deep discovery... so the extra 10-12 cents has got to be because of NT and the shorter fuse to further exploration drilling on other propsects.... with the 2-3 month gap it's worth keeping watch to pick up whenever/if the price dips....
