ADI - Adelphi Energy

[stiger]

After the Couch Oil news I doubled my holding yesterday.News was steady today,which is a good thing .Big gains are to be made soon.Cheers Dyor.

[Agentm]

hey stiger,, noticed couch oil has taken their reports offline??

i kept a copy of it anyway,,, i know that news that 100 wells to exploit the secondary targets so far discovered is great news,, and in my view the adi share should be double what it is today... the reserves alone required to make 100 wells viable has to be massive.. if you consider how much it costs for one well and what the minimum reserve has to be to pay that back,, then we are talking mighty high figures..

if you consider the data they have from the well that was drilled to 21,000 feet in 1974 just a few miles away showed 17ppg pressure at 21,000 then they can be quietly confident that should hosston be hydrocarbon rich like the 2d shows,, then they aint gunna say "hosston, we have a problem"!!!!!
and they must have some idea of the porosity of the layers above hosston from that 1974 drill in any case!!


the share price did go up as expected yesterday, about 8% or so?? but i feel its got a long way to go yet... good to hear you topped up... i wish only good things for everyone who takes the journey.. this share impresses me more and more each day...

cheers

[ijh]

Well really going well this morning just feeling more and more confident about sugarloaf almost in a no lose situation with the first secondary target seemingly doing so well only time will tell but i'm excited !

[nioka]

Empyrean Energy ( a 6% holder in the well ) do not show a change in the US market. You would expect them to have inside knowledge. Does this mean anything. Couch Oil page still not available.

[Agentm]

EME announced their director resigned so their shares dropped immediately.. they picked up a little after that and closed a little down for the day...

the volumes on adi are staggering today..

the couch oil site remains offline..

i wouldnt read too much into eme and the other partners in the deal,, ADI is by far the best value share as rated by stock brokers,, they see adi share value as increasing by the biggest marging over the others on any find...

lets see how the coming few days pan out,, each day they are nearing the hosston target... time to get on board .........

[ijh]

Well volume is great today a bit of publicity and ADI could rocket even before results are announced 60c cannot be that far away maybe after next weeks update

[Agentm]

6% rise today!!!!

on the tail of an 8.22% 1.39% 5.88% 3.03%

i see EKA has gone on a capital raising venture... not bad 22cent a share for the price of todays stock..

i must say i am enjoying this...
please make sure to remind me of why i am such a pill when it drops!!!!

but today i gloat.......

i sorta cant wait and see what this stock does when it actually announces something!!!!!!!

[Dukey]

OK - so it seems everyone is expecting big things from sugarloaf!!

And Yes - it just like agentm says - everything you read/hear about sugarloaf makes you more confident. When i first checked out ADI (because of their rel. with ARQ) I thought - ' there is big potential here'. I couldn't believe there was no ADI thread here at aussiestocks!!!

But now the thread is happening - the true value of these forums has just come through to me like a brick to my head - the information we can gather collectively and spread around works for all of us!! I wouldnt know where to look for the info/chat from US investors. So thanks heaps for that Agentm; ijh; stiger.

My initial confidence has doubled - (kicked along by QGC's big jump on takeove news) & now I'm trying to figure out how much more ADI i can afford !!

PS - agentM - who do you work for ... "control" or "kaos" !!!

[stiger]

Quote: Originally Posted by nioka Empyrean Energy ( a 6% holder in the well ) do not show a change in the US market. You would expect them to have inside knowledge. Does this mean anything. Couch Oil page still not available.

[Broadside]

I think Couch website was there to inform private investors who also have a stake in the project (as part of Texas Crude Energy et al)...although I couldn't find any documentary evidence which shows they were part of Sugarloaf.

[nioka]

Quote: Originally Posted by Broadside I think Couch website was there to inform private investors who also have a stake in the project (as part of Texas Crude Energy et al)...although I couldn't find any documentary evidence which shows they were part of Sugarloaf.

[Broadside]

hi nioka, I meant I couldn't find evidence COuch was part of the Texas group

[pistol72]

to all
just wanted to say what a fantastic thread,great f/a,discussion. this is what a forum like this is all about,keep up the good work. will try to work out how to post a chart to make a contribution.
pete

[Agentm]

i see EME traded well again over in the UK reached a high of 58 i think then back to 55p, still up on the day... good volumes agaain..

Mr Fluor is well credentialed... as the man who runs Texas crude he is also involved as a board memeber of Fluor Corp, yes its been named after his family name and even though its a publically listed company, they still have family members closely involved in the show.. check it out if you havent heard of it, and if you think that puppy aint big, its voted by Fortune 500 as No# 1 best infistructure corporation.
Mr. Fluor received a Bachelor of Science Degree in Finance from the University of Southern California in 1970 followed by a Masters in Business Administration in 1972.
Mr. Fluor serves on the Board of Directors of JPMorgan Chase Bank in Houston, Texas and on the Board of Devon Energy Corporation in Oklahoma City, Oklahoma. He has been a member of the Board of Directors of Fluor Corporation in Irvine, California since 1984, and assumed the responsibilities of Chairman in January 1998 through July 1998. In February 2003, Mr. Fluor was elected Lead Independent Director of Fluor Corporation. Mr. Fluor is also a member of the All American Wildcatters, the American Petroleum Institute and the Council of Overseers of the Jesse H. Jones Graduate School of Management at Rice University. Formerly, he was an Advisory Director of DLJ Merchant Banking Partners, served on the Executive Board of the Sam Houston Area Council, Boy Scouts of America, as a Director of St. Joe Gold Corporation in St. Louis, Missouri, as a Director of the Capitol Legal Foundation in Washington, D.C., and on the Boards of St. John’s School and the University of St. Thomas in Houston, Texas and Robert Louis Stevenson School in Pebble Beach, California.
Mr. Fluor enjoys golf and is a member of The Augusta National Golf Club, Cypress Point Club and River Oaks Country Club.
Mr. Fluor and his wife have three children.

If you read the spiel you see he's a hands on guy,, he runs the places that he or his children obviously attend... that tells you a lot about his character...
There are a few other directorships not listed here that he also heads up in the last year or so..

As for ADI and ARC energy,,, I have been accumulating from day one this stock,, first came accross this ADi when it was announced to commence at a ARQ roadshow... so ADI has all directors as major shareholders,, they understand the value of the leases.. and the potential.. They all have somewhere to go if and when ARQ is bought out by another oil company!!! somewhere where their money is being looked after by good people,, themselves.. who else would you trust????

I also noticed a few months back that a certain MR Allchurch suddenly became a major shareholder of EKA.. It took me a few days to figure out why that name stuck in my head all the time,,, he was the guy that signed off on all the AUT ASX announcements.. he's a long standing senior and well respected engineer.. he obviously saw the value of sugarloaf when AUT got involved,, and when EKA became involved in sugarloaf (and changed its name from a mining company to a energy comapany) Mr Allchurch bought a massive swag of that stock... So in my view, an independent reviewed from a company gets excited enough to become a major shareholder of a sister company in the same project, and that company had nothing of any significance before that, except a few mining leases amounting to very little, then it was time for me to take this venture a whole lot more seriously...

this stock has success written all over it.. in my opinion..

oh and by the way Dukey,, control!!

once this stock lights up... we can all sit back and smoke cigars and watch the grass grow!!!!!!!!!!!!

[ijh]

Agentm you are full of hot info you love this stock I personally feel that we may have hit a jackpot at sugarloaf and may suprise us all !

[Agentm]

got as high as 7.4% up on the day before the close,, then the usual sink afterwards.. and AUT got a good 6% and EKA a little boost also.. nice volumes again..

sorta know how the Cudeco investors may feel,, seeing an exploration stock with no turnover going up on speculation,,

lets see what monday brings!!!

[stiger]

Atm I would say tightly held .All the pessimists seem to have vanished.Bring on next week.Dyor

[ijh]

Cant belive someone sold at 43.5 right on the close they will never get ADI at those prices ever again.

[stiger]

Strange influences come into play @4.10 every day.I see it on my watchlist.Cheers.

[Agentm]

stiger.. i was given some nice pm's today re couch, which confirmed my suspicions,,, i tracked down some good UK site in the past week re EME,, and there i came up with this.. its an investor talking about his conversation with EME re their prospects,,, the sugarloaf portion is interesting...

sussex02 - 6 Oct'06 - 00:48 - 8053 of 8071

To sum up a 1 hour conversation in a post is very difficult indeed. Tom is extremely professional and a credit to EME, we are lucky to have this guy.

He did not tell me anything that could be deemed as market sensitive, however I do not wish to break his confidence by posting all of what we discussed on a bb as I doubt that he would talk to me again at length next time.

So my personal opinion following my conversation with Tom re a few bits is this.

Eagle - An update should come out back end of next week. All partners have certainly had more than their share of bad luck on this one. They know they have oil, and plenty of it so still a major frustration not being able to get it out. Whatever the outcome of this latest drilling I don't expect EME to walk away from Eagle. At this stage it would appear to still be in the balance, no good news but no bad news either, some parts of the drilling and clean up process appear to be going well, but I am certainly no oil expert so just my interpretation.

As for valuation we did discuss numbers and if Eagle comes in good then a figure of #2.00 was discussed.

Sugarloaf - Spent ages talking about this project. Think Couch will have had their knuckles rapped re their web-site postings. At the end of the day as we all know they are a private company and not restricted like other partners in terms of what they can say. At the end of the day what they posted was just their interpretation of the data that was provided to all partners! Tom stated that EME did not necessarily agree or disagree with what Couch had stated, it was just their interpretation. Therefore I guess more research into Couch and their track record would probably be a good thing! ;-)

I certainly got the impression that the log data (on paper) must have looked bloody good indeed, but log data is not $'s in the bank yet! I think the Couch posting helps confirm how good the data must have looked. Personally I am pretty excited by this secondary target, but I do not expect to hear any more about it now until the end of the project. What is good though is that it is now behind casing and should the primary target not deliver then they will go and test this target.

Also don't rule out some of the other zones that Couch were negative on.

As for the primary target, we all know the same information at this stage. Although EME only hold 6%, the leverage here is massive if it comes in at the upper end of estimates. We talked about a number of #4.00 + to EME.

All partnets are very happy with the operator, bloody exciting, keep things X'd

Glantal - didn't discuss as my wife was nagging me as we were going out for dinner.

Director resignation - It would not stop me buying more shares tomorrow if I didn't think I already had enough ;-) The important 2 at EME are Tom & Frank and they are 100% committed to the success of EME and are very motivated to see us trading much higher than current levels.

We discussed lots more and if anyone has any specific questions then please ask and I will try and answer either here or on messenger.

Regards

Sussex


Always glad to share...


i wouldnt sell a single share of adi until after they finished the wireline logs... i cant understand why there anyone would sell at the prices trading right now... in three weeks the stock has to be worth twice what it is on the secondaries alone,, maybe more if its oil rich,, and the primary is mind blowing... if i sold today and saw what was happeneing in 3 weeks to those shares i sold... then would have to say i wouldnt be able to forgive myself..



have a sensational weekend all,,

i am going to celebrate a bit after this weeks performance!!!

just because i can!!