ADI - Adelphi Energy

Sounds to me like disharmony, and a real case of first in best dressed. with adi not even remotely interested in this fiasco..

There has been little team unity shown here. I see it as ADI having 80 square kilometers of land with the other JVP's in the "AMI", then we have AUT buying longhorn to the east and ipanema to the south.

Then theres sugarloaf deep rights next door, ADI has nothing there

then next door to that is third party.. again ADI has no interest there..

EME has taken up acerage in those areas, AUT has by their own admissions said to SHUG they have interests there but they feel they are not liable to announce anything regardless of the 16 wells planned there. How that happens i dont know, it simply doesnt make sense??

ADI have no interest in anything other than the 80 square kilometers, we have jvp's all over the place going solo, and complete chaos and disunity across all jvp's, as no one is prepared to say anything to anyone else, and the resulting information flow to the shareholders remains chaotic.. ADI is not responsible for the mess here and shouldnt be the ones picking up the pieces and clearing it up.. as much as i wanted clarity, i understand adi is not the ones responsible to give it..

granted AUT have had a crack at trying to explain it, but it lacks clarity.

We have to take adi's word for it that they are not going to break from normal protocols amoungst joint venture partners and are not buying acerage independent from other jvp's, and therefor we dont have the confusion eminating from anything that adi is doing, its all being created by jvp's feathering their own nest and working independent of eachother and not with the others interests at heart. I think in the future if jvp's are expecting unity with joint capital raising i wonder how they will make requests from adi on that front.. "hey guys,, we havent spoken for some time.. and i just think we should talk things through and maybe co ordinate things... guys??? hello??? cant understand it the phone cut out!!"

ADI as far as i am concerned has not broken any protocol, has remained silent, and will continue to focus on the projects in their usual steadfast fashion. no damaging news from the adi camp so far that i can see.. its up to the individual to assess if they agree or not as to how the jvp's are behaving and if thats the place to secure vast sums odf investments with..


From here i wonder how the absolute confusion and misinformation is going to have any upside for the near term, until absolute clarity comes out we have to agree that adi has not changed its position, is not buying any acerage independent of the "AMI" areas of mutual interest.

i am a little apprehensive now, i cant see any unity from the JVP's. EME is clearly doing its own thing as is AUT. Eka hasnt got a penny so its stuck in limbo.. ADI is fully cashed up and was capable of doing the things the JVP's have done but has, as far we know, not done so.

ADI shares remain tightly held, and besides the little games playeda in the low .70's for the past days, the only real stock available is in a different threashold..

i sense time is running short for these prices, somehow the news has to surface, and there are two wells about to become significant producers, and the wheels are in motion on the entire SL play.. wells are being drilled and progress is going ahead regardless of the testing.

A successful testing of the Sugarloaf #1 well would lead to additional drilling, geological and geophysical activities. The nature of this work, the number, location and design of any wells and the cost of wells will only be addressed after the testing of Sugarloaf #1.​

look, as far i am concerned, AUT is indicating things here, and if your on to it then you know what to do, this is a little cryptic, but very relevant...
there is very very bullish sentiment coming from the jvp's regardless of the current fiasco, we have EKA raising capital just for this, and aut making some very interesting comments..


great days ahead still.. all announcements from adi will be posisitve i feel..

all imho and dyor..

Dear Sir/Madam
Eureka refers to the recent announcement to the London Stock Exchange by Empyrean Energy plc (“EME”), a participant in the Sugarloaf Project with a 6% Working Interest. This release resulted in a number of questions being raised by shareholders querying Eureka’s land position within the Sugarloaf project.
Accordingly, Eureka confirms it has a 12.5% Working Interest in the Sugarloaf Project and makes the following statement.
1. Our release of 24 April 2007 to the ASX advised that the Sugarloaf Joint Venture's land acquisition program within the Area of Mutual Interest ("AMI") had increased the area over which the Joint Venture has rights to all depths to approximately 19,500 acres to date (Eureka’s interest approximately 2,430 net acres).
The Sugarloaf Joint Venture makes no reference to a Block A or Block B as described in the EME announcement. Shareholders will recall that the Sugarloaf Project involved certain land holdings that were “deep rights” only and other land holdings that carried rights to all depths. We understand that “Block A” is a reference to land that includes land over which the Sugarloaf Joint Venture has deep rights only and where the shallow rights are held by third parties. We also understand that EME’s “Block B” is the Sugarloaf Joint Venture land with rights to all depths. It is this land that was referred to in our release of 24 April 2007 as comprising approximately 19,500 acres to date (excluding land where the Sugarloaf Joint Venture does not have rights to all depths).
• Third Party + Sugarloaf ( Deep rights) = “ Block A “
• Sugarloaf ( all depths) = “ Block B “
This diagram is not to s cale and is for illustrative purposes only.

2. Prior to the announcement by EME, Eureka was not aware of any Sugarloaf Project partners, other than the Operator of the Sugarloaf Project, Texas Crude Energy Inc, participating in “Block A” other than in the deep rights referred to above.
3. Eureka confirms that the only committed activity at the Sugarloaf Project at this time is the program for testing outlined in previous announcements. A successful testing of the Sugarloaf #1 well would lead to additional drilling, geological and geophysical activities. The nature of this work, the number, location and design of any wells and the cost of wells will only be addressed after the testing of Sugarloaf #1.
The EME release envisages their commitment to certain costs that may be incurred on up to 16 wells that could be drilled on the land they refer to as Blocks
A and B. Eureka has no commitment in this regard but is optimistic that additional wells targeting the Cretaceous carbonates will be drilled following a successful testing program at Sugarloaf #1. The nature of any such wells and our financial obligations would be advised at the time of commitment.
Yours faithfully
EUREKA ENERGY LIMITED
Alex Neuling
DIRECTOR


and so it continues.. we didnt know about the major oil either says eka!!

Both announcements look very similar!! They were both submitted by Alex Nueling, as director of EKA and company secretary of AUT.

I do believe this announcement is very helpful to get a much better understanding of things.

Interesting that AUT has so much acreage, wonder if Ipanema and Longhorn are looking as prospective as the others, especially with 80% and 50% respectively for a cost in excess of US$7.5Million, wow!!

Well, to quote my mate Bob Dylan (I wish )
" I got mixed up confusion... and it's a-killin me...."

BUT.. theres one good thing I see - with JV partners buying up and seemingly wrangling for position over acreage & rights etc. - there MUST be something good down there - or none of this would be happening!!!

Soooo - I'll just continue to wait patiently, as I and many others have done since ... when was that... around Aug. last year I think. I'm more confident as these cryptic announcements come out, that there is 'something to be cryptic about'...The only thing to do is wait and see...
-Dukey (yes I'm still here!!!!!!!! - just a bit quiet)

dont be quiet anymore dukey.. make some noise!!

and btw,, your thread you started only has 4 stars not five,, lets make sure everyone up's the rating hey!!

Tomorrow we will se a new perspective on the whole SL saga, and only upward sp pressure will be the norm,, with the shares tightly held i can see some nice days ahead real soon..

i think NT will be the first to deliver followed closely by a massive sl tidal wave..

if you cant hear the elephants now guys then your missing somethin..

its elephant season from tomorrow onwards!!! theres a whole heard stampeding your way..

if you on the share, dont sell yourself short, its got $4 upside easy..

Well this is the buisness end of the ADI exploration story.Almost 1 year on we have great prospects but no definative answers,during this time ADI has conducted itself in a proffesional manner and continue too do so even whilst others have broke ranks for there own self interest.
With other partners scrambling too gain more acerage at SL this can only be a positive sign "Block A and Block B" only cofuse the matter with no real clarity in a euphoric state which too me says are these guys up too scratch on how too be profesional buisnessmen whereas ADI are sitting back letting the others do the talking and releasing it weekly updates cool calm and collected now they are the type I want looking after my investment.
NT will unveil its secrets very soon with hopefully positive result too put a floor under the sp and stabilise a good growth platform.
SL should by all accounts set us alight and speculation alone should see a rapid rise in the sp with the register tightly held.
Thanks too all for there input and shared research we will enjoy together

AgentM if ADI gets to $4 i will need a blown up photo of that cat in your Avatar so i can stick in my pool room.

$4 and there would be champagne flying around all over the place at this in.

I would hang the briefcase up!

Hi All

I'm not sure that Adelphi should be commended for sitting back and not announcing anything to the market when the other 2 JVP's have (as cryptic as it is)...But that's just my personal opinion...

Anyway, I do agree that they're all onto something and whether you're the holder of AUT/ADI/EKA/EME/Mysterious major oil company, good luck with it all!

Personally, I'm liking the sound of the extra acreage that Aurora has interests in...I'll probably dabble in them all...

the Eureka announcement has cleared things up a bit, thanks for everyone's input yesterday. Looks like all the JVP's smell money/gas in Sugarloaf and are scrambling now so it's all good, just a matter of time.

hey ken.. you like technocat!! i agree with the champagne, we will be bathing in it if it goes where i think it will..

i was thinking a lot on longhorn, and aut buying it up.. i know they are chasing the same play through there, but i wonder if its that prospective, it obviously has some merit, i would have thought if it was highly prospective, then surely the ones who discovered this play would have snapped it up way before AUT could.. its just me thinking out loud, and i have in no way got any knowlege about the play, but i tend to think the major oil co first well and sl are in the sweet spot so to speak.. but there is no doubt eme and aut are excellent value..

todays announcements on NT is going to reveal if they are on schedule or not.. i suspect some commentary on the EME announcement would be made..

New announcement but no new news, just further waiting on information from testing. Another 14 days from New Taiton wow must be going for a guiness book record on longest testing program....

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00721445

i would have thought the NT news could have been cleared than that, but this pipeline is getting longer and longer by the sounds, and absolutely no comment on the EME situation, nothing on SL either..

goes to show you that you cant always rely on things you hear, i was given an understanding some reply to EME and SL was being seriously considered, perhaps a change of heart by adi.. who knows..

yogi-in-oz said:

Hi folks,

ADI ..... since the March 2007 equinox, we have seen ADI lift
off its lows, then move sideways, since the highs at the
end of March 2007.

Resistance over the past few days have put a ceiling on ADI's
move and our time cycle analysis indicates that, this month
(May 07) is likely to be mostly negative:

May 2007

11052007 ..... negative news expected here.

15052007 ..... another difficult cycle expected, at this time.

21052007 ..... negative spotlight on ADI ...

29051007 ..... positive news expected here

=====

June 2007

05062007 ..... minor cycle ... finance-related ???

21-24062007 ..... positive light on ADI ... as two significant
and positive cycles come into play ...

=====

July 2007

13-16072007 ..... a significant and positive cycle here ... finance
... note the price on this day.

23072007 ..... minor cycle here

=====

August 2007

03-07082007 ..... minor news early in this period, with a negative
reaction, as another negative time cycle,
comes out to play.


10-13082007 ..... finances ???
... is price the same as 13-16072007 ??

17-20082007 ..... significant and positive news expected here

22-23082007 ..... positive spotlight on ADI

=====

September 2007

27082007-to-03092007 ... a VERY NEGATIVE cycle could trigger
a big downmove, here ...

05092007 ... minor news ???

21-24092007 ... minor

27092007 ... 2 positive cycles should bring some news,
triggering an aggressive rally. Note price.

=====

October 2007

05-08102007 ... significant and positive ... finance-related ???

... is price the same as 13-16072007 and/or 10-13082007 ... ???

23102007 ... minor and positive light on ADI

24102007 ... minor news??? ... same price as 27092007 ???

More later.

happy days

paul

=====

Click to expand...

Hi folks,

..... so much for the "insiders " ramping this one up,
in the run up to the good news being released.

NOBODY can change those NATURAL time cycles, that
unfold, in the life of EVERY individual stock ... !~!

happy days

paul

Agentm said:

if you cant hear the elephants now guys then your missing somethin..

its elephant season from tomorrow onwards!!! theres a whole heard stampeding your way..

if you on the share, dont sell yourself short, its got $4 upside easy..

Click to expand...

WOW thats confidence still. The elephants have ended up in captivity. Wish I still had your confidence, mine is getting a battering but at 1c a share I will still be ahead so I will hold out. This share sure has tested my patience at times.

yep, if adi are not announcing clarifying anything on the EME or Sl. or their position in respect to block A and the major oil company, then there aint no elephants thats for sure.. not even a stampeding mouse!! i was about to buy some bananas and watermelons to feed those rampaging elephants!!

time to humbly agree with yogi (whom i know is "god" using the alias paul) and stop getting excited that ADI are interested in the Sl well..

those confounded astrologers always have their way, and we have to allow the gods up in the universe to have their influence on the ADI share.. so the sp will have to blow out again i guess, can Yogi care to tell me what the stars are prepared to allow the sp to fall to??

happy days i guess and dyor as mine is lousy right now!!

Hey Agent,

There is still confidence as there connecting to the gas sales pipeline, this is a sales pipeline for good reason to sell the gas.

SL well what is too be said there JV are obviously buying property for a good reason, be patient SP is bouncing back already..... your hard work will pay off eventually

Hi agentm,

.... a 50% retracement of the last leg up would be the first
and obvious spot to look for support ... around 61-63 cents.

Next down, was previous support at 55 cents and prior to
that 46 cents ... below 46 would surely see panic set in,
as ADI sellers head for the exits .....

..... and if that happened, 40 cents would also be an obvious
target, though that is not really likely ... is it???

happy days

paul



=====

for me the update is very upbeat..

... if this is part of a lunar cycle... please could the tide go down to the low 50's... doesn't seem as though gravity is strong enough at this point... however if you sell 100000 at say 75c and buy back at 70c then that's a 5k profit over a 2 week cycle... you'd need a 2nd stock or a job flipping burgers.... amusing and interesting to watch this play out.... one thing is for sure... the moon will invisibly continue to bring the tide in and send it out again - that's it's job...

the announcement was listed as price sensitive, and it contained two parts, NT and Sl

Now AZZ has not decreased 11% on the announcement which they duplicated in their report.

I assume the market has reacted very very negatively towards the SL well being tested in July and further wells being drilled once the testing results have brought the data they need to them for well spacings and what depths to be drilling the infill horizontal wells.

The shareholders should understand that its not possible to know how many wells can be drilled just on the wireline logs and sampling, flow testing is critical to assessing the ongoing program of developing the play. It really is not a negative announcement at all, there is absolutely no suggestion to the shareholders from ADI that there wont be further wells, and in normal circumstances any explorer announcing this without testing the well would be bailed up for being far to optomistic, yet we see announcement after announcement saying wells are going ahead within weeks, and ADI confirming wells are planned, and the market is seeing this as extremely negative.

I maintain the SL well is commercial, and look forward forthcoming testing. If as many as 16 wells are already planned just on the first well results and the wireline logs from sugarloaf, then its good enough for me to believe ADI is not going to speculate on how many wells before the testing is over, who knows, maybe the number may be higher.. I assume the EME announcement was conservative and based on the data relating to the surrounding areas in their lease onthis play.. i suspect its probable the number of wells could easily increase once the analysis of the geology on this side of the play is known..

interesting times none the less, and i maintain the announcement was positive and upbeat.