ADI - Adelphi Energy

[Lucky_Country]

Hartleys report Dec 06
SL secondarys 12mmb and 27bcf >50cps
NT 40bcf ~30cps
Personally I feel both of these wells have exceeded these expectations which can only mean 1 thing a very good rise in SP.
When results are known we will be around the $3 ps mark imo

 

[Agentm]

i thought the quarterly was not too bad.

yemen has been signed, just needs a presidential stamp.

indonesia

africa

offshore again next year.

NT about to be flow tested.

SL around the corner..

can help but smile

 

[fflintoff]

Hugely bullish qtrly from AUT on Sugarloaf land - opening page.
Also in the depth of the report they state that exploration potential still exists in the Hosston sands. This was mentioned by agentM a while back.

http://www.asx.com.au/asx/research/...archBy=asxCode&allinfo=&asxCode=AUT#headlines

 

[Agentm]

i see Adelpi Energy got a nice write up in the Taking Stock section of the Financial Review..

I gather it will create some interest in the share today perhaps.

All news coning out continues to remain on the positive. I stll believe the quarterly report contained many insights into ADI's near and long term future..

DYOR and it wont be long now..

 

[wallave]

Perhaps not Agentm, not much interest in the stock today mate. A dismal 2000 share have traded so far.
Just have to keep waiting. The good times arn't too far away

 

[tomcat]

Been tightly held in the mid 50's for a while now. Some good news following the upcoming testing at NT may kick it along...I liked the quarterly report yesterday, agree with Agentm, plenty of interesting plays on the horizon...I'm holding for the short (NT), medium (SL), and long (Indonesia / Africa) term

 

[barney]

Been tightly held in the mid 50's for a while now. Some good news following the upcoming testing at NT may kick it along...I liked the quarterly report yesterday, agree with Agentm, plenty of interesting plays on the horizon...I'm holding for the short (NT), medium (SL), and long (Indonesia / Africa) term

:iagree: I agree TC, I'm actually pleasantly surprised that there has been very little "sell off" pressure on ADI .......... To me it indicates that those that hold are serious about waiting for the "good news" ............. Of course if we get a general market correction there may be a few more who "need" to bail out, but, that will present a buying opportunity imo. I suspect that, (assuming a may-june market correction is only minor in the overall scale of past corrections), that buying opportunities may be few and far between ............. I also suspect, that when the sp starts to rise, the traders might decide to take part, and then there may be a bit of volatility to deal with, .......... but I can handle a bit of "upward" volatility ............ Basically, the closer we get to testing results, the tighter ADI will be held ............ and if (when) the news is positive who knows what might eventuate ................ OK I'm biased and admit it, but I have a story I want to tell about ADI, but won't be divulging it until the sp hits $2.50 plus ($3.50 + would make the story even better lol...... )

 

[Agentm]

ok.. its time to wake up and smell the roses..

Nt is days away now.. in very short time we have a production well on the books, the first stage of the transition from explorer to producer is now about to happen.

i cant see the sp dropping much more, but i have some reserves inplace for any further bargains should they pass by!!

i hear NT is far better than expected, and the upper zones are still of interest to them. i am not clear on testing in those areas, i believe they may only concentrate on the lower sections this time.. the upper wilcox with its condensate is being ignored for the time beingon this well and not being tested. the production well will be soley on the lower wilcox plays.

adi has plenty in the bank to pay for further wells at Nt and the two horizontal wells at sl, plus a offshore well in australia. in a few months we will be looking at a completely different company. over the coming days and wthen the next weeks i cant see any downside..

lets see how the next few days play out while the sp still doesnt value in the NT well..

all IMHO and DYOR

 

[Lucky_Country]

Rogar on HC saying the Texas big boys are running the rule over ADI because of SL sounds exciting not sure on what authority his comments are based on !
Looking forward to the next few months on the adi ride

 

[skyliner]

Howdy,

hope all is well down under. thought i'd let those who are interested in the sugarloaf gas fields know that your on a winner with ADI.

A number of Gas companies are putting offers on the table to be involved in the project.

ADI is on the hit list for a number of major Texas gas companies.

Producing companies have got wind of it and there is a bidding war going on over here.

Everything for ADI is going to come out in the next 3 months.


roger

 

[Sean K]

Howdy,

hope all is well down under. thought i'd let those who are interested in the sugarloaf gas fields know that your on a winner with ADI.

A number of Gas companies are putting offers on the table to be involved in the project.

ADI is on the hit list for a number of major Texas gas companies.

Producing companies have got wind of it and there is a bidding war going on over here.

Everything for ADI is going to come out in the next 3 months.

roger

Hi roger, Interested to know how you know this? Can you please expand on who the bidding companies are? Sounds very interesting. Cheers! kennas

 

[fflintoff]

Eme annuals just published. Reservoir porosity
of between 4 -10 % in the shallow formation.

Sugarloaf Hosston Project

"This attractive farmin agreement with Texas Crude Energy Inc. was announced by
Empyrean on 6th April 2006 and mentioned briefly in the last Annual Report. The
Farmin Agreement by which Empyrean would be earning a 7.5% interest before
payout (reverting then to a 6% working interest) involved participating in the
drilling and testing of a 21,000 feet well. The primary objective was the
Cretaceous Hosston sandstone reservoir and the four way closure over an area of
at least 20,000 acres was estimated to have an upside potential of several
trillion cubic feet of gas. The mean reserves potential had been calculated at
800 bcf of gas.

Drilling commenced on 17th August 2006. First significant gas shows were
recorded at 11,895' in the secondary objective, the Cretaceous chalk and
limestone. These shows continued to 12,240' where they abruptly ended.
Preliminary log estimates show 92' gross column of gas with a reservoir porosity
of between 4 -10 %.

As planned, 9 5/8" casing was set at 14,480' and a 7 5/8" liner cemented at
17,000'.

Significant gas shows reappeared at 18,190' following the interception of the
primary objective, the Hosston sandstones at 17,950'. These gas shows continued
intermittently throughout the sequence until the total depth (T.D.) of 20,896'
was reached on the 28th November 2006. The logs run at TD show a net pay of
between 90 - 140' over an interval 1,700' (19,700' - 18,000') using a 6%
porosity cut-off. The most prospective sand was 17' thick showing a calculated
porosity of 9%.

Based on these log results and gas shows during drilling, the operator proposed
setting pipe at 19,000'. Perforations over 10 separate intervals between 19'630'
- 18'973' in the lower Hosston sands were successfully executed but no gas flow
resulted.

The well was cemented up to 18,900', and perforations were then made over 7
higher intervals between 18,199' - 18,689' where significant gas peaks had been
encountered during drilling. These fine-grained sandstone intervals were then
subjected to a fraccing procedure. On 12th March it was announced that the
fraccing had achieved only minor gas recovery at a rate too small to measure.
There are several reasons which can explain the absence of significant gas flow,
despite the shows during drilling. The most likely explanation is the lack of
sufficient permeability due to the fine-grained nature of the sandstones. The
deleterious effects of using heavy mud weight (15.6 lbs/gal) by necessity could
also have played a role in impeding gas flow.

The next operation will be to test the much shallower Cretaceous chalk and
limestone which provided good gas shows and encouraging electric log response. A
definitive testing programme is being finalised and it is anticipated that
operations will recommence in the near future.

http://www.advfn.com/p.php?pid=nmona&article=20450009&epic=EME

 

[Agentm]

i like to say i have heard this before a few times, and a few other rumours as well. its allvery posotive in any case. lets see what transpires.

 

[Dukey]

Eme annuals just published. Reservoir porosity
of between 4 -10 % in the shallow formation.

Sugarloaf Hosston Project

"This attractive farmin agreement with Texas Crude Energy Inc. was announced by
Empyrean on 6th April 2006 and mentioned briefly in the last Annual Report. The
Farmin Agreement by which Empyrean would be earning a 7.5% interest before
payout (reverting then to a 6% working interest) involved participating in the
drilling and testing of a 21,000 feet well. The primary objective was the
Cretaceous Hosston sandstone reservoir and the four way closure over an area of
at least 20,000 acres was estimated to have an upside potential of several
trillion cubic feet of gas. The mean reserves potential had been calculated at
800 bcf of gas.

Drilling commenced on 17th August 2006. First significant gas shows were
recorded at 11,895' in the secondary objective, the Cretaceous chalk and
limestone. These shows continued to 12,240' where they abruptly ended.
Preliminary log estimates show 92' gross column of gas with a reservoir porosity
of between 4 -10 %.

As planned, 9 5/8" casing was set at 14,480' and a 7 5/8" liner cemented at
17,000'.

Significant gas shows reappeared at 18,190' following the interception of the
primary objective, the Hosston sandstones at 17,950'. These gas shows continued
intermittently throughout the sequence until the total depth (T.D.) of 20,896'
was reached on the 28th November 2006. The logs run at TD show a net pay of
between 90 - 140' over an interval 1,700' (19,700' - 18,000') using a 6%
porosity cut-off. The most prospective sand was 17' thick showing a calculated
porosity of 9%.

Based on these log results and gas shows during drilling, the operator proposed
setting pipe at 19,000'. Perforations over 10 separate intervals between 19'630'
- 18'973' in the lower Hosston sands were successfully executed but no gas flow
resulted.

The well was cemented up to 18,900', and perforations were then made over 7
higher intervals between 18,199' - 18,689' where significant gas peaks had been
encountered during drilling. These fine-grained sandstone intervals were then
subjected to a fraccing procedure. On 12th March it was announced that the
fraccing had achieved only minor gas recovery at a rate too small to measure.
There are several reasons which can explain the absence of significant gas flow,
despite the shows during drilling. The most likely explanation is the lack of
sufficient permeability due to the fine-grained nature of the sandstones. The
deleterious effects of using heavy mud weight (15.6 lbs/gal) by necessity could
also have played a role in impeding gas flow.

The next operation will be to test the much shallower Cretaceous chalk and
limestone which provided good gas shows and encouraging electric log response. A
definitive testing programme is being finalised and it is anticipated that
operations will recommence in the near future.

http://www.advfn.com/p.php?pid=nmona&article=20450009&epic=EME

Thanks FF. - So - what are they saying exactly??
To me... reading that it kind of sounds like they think there might be life in the Hosston yet - sometime down the track - with some different drilling, fracing techniques used - possibly???
Is that your understanding of what EME are saying there - or am I just dreaming??

 

[Agentm]

Project: New Taiton
Prospect: New Taiton
Well: Ilse-1
Wharton County, Texas, S. Lavon Evans, Jr., Operating Company, Inc. Operator, Antares 25%
Our latest report from the operator is that the drilling equipment is still being demobilised and the lease is being restored and prepared for testing. Several days of heavy rain has slowed the progress. Completion equipment and pipeline construction is underway. After the pipeline is tied in the testing will begin

i like the way they just build a pipeline and tap it in, then frac and flow test.. lets just say i find it impossible to rule out NT as a commercial well.

 

[Sean K]

Howdy,

hope all is well down under. thought i'd let those who are interested in the sugarloaf gas fields know that your on a winner with ADI.

A number of Gas companies are putting offers on the table to be involved in the project.

ADI is on the hit list for a number of major Texas gas companies.

Producing companies have got wind of it and there is a bidding war going on over here.

Everything for ADI is going to come out in the next 3 months.

roger

Hi roger, Interested to know how you know this? Can you please expand on who the bidding companies are? Sounds very interesting. Cheers! kennas

skyliner, any more on this?

ASF has a policy that information provided (or rumours stated), need to be substantiated in some way. Thanks, kennas

 

[Agentm]

it was posted on HC, and i think the above post is a copy of that one.

to be frank, i think the fact that all JVP's are now announcing the aquisition of massive acerage for the secondaries leaves little doubt the couch oil announcement from sept 06 was spot on. I understand that the play has attracted large amounts of interest in texas, and its understandable when you see a lot of competition for acerage being the major focus for the jvp's at SL, and the testing of the well as being a lesser priority. all the oil industry players will have a close watch on the karnes county right now.


i cant imagine adi entertaining any such notion, and until i hear it or see an announcement on the asx, i just think its a rumour, and unsustantiated, it may be true that other oil majors are looking at it, but noone has mentioned selling out at all in any quarterlies. SL is certainly changing every day, and the JVP's are very keen to keep things under wraps and progress a set way. its no secret they have way underestimated the reserves in the secondaries, and by the way they are getting into the leases it must be very impressive indeed.

 

[Sean K]

it was posted on HC, and i think the above post is a copy of that one.

to be frank, i think the fact that all JVP's are now announcing the aquisition of massive acerage for the secondaries leaves little doubt the couch oil announcement from sept 06 was spot on. I understand that the play has attracted large amounts of interest in texas, and its understandable when you see a lot of competition for acerage being the major focus for the jvp's at SL, and the testing of the well as being a lesser priority. all the oil industry players will have a close watch on the karnes county right now.


i cant imagine adi entertaining any such notion, and until i hear it or see an announcement on the asx, i just think its a rumour, and unsustantiated, it may be true that other oil majors are looking at it, but noone has mentioned selling out at all in any quarterlies. SL is certainly changing every day, and the JVP's are very keen to keep things under wraps and progress a set way. its no secret they have way underestimated the reserves in the secondaries, and by the way they are getting into the leases it must be very impressive indeed.

Thanks M. Just wanted to sort that, as it can be hard to sort the wheat from the chaffe with some of the info floating from HC to here. Cheers!

 

[Agentm]

dukey,

with all the rumours and announcements from AZZ i think what you post is extremely interesting.

i think you will find a few things will happen at SL, one is the secondary, it is an entirely seperate play, and may well be many 100's of bcf rather than the very conservative figures given, and as the acerage keeps getting bigger and bigger, the bcf's must also.


then EME announces a remarkable thing about the hosston sands, that after they further analysed the flow tests they say the mud weight could have been a factor in the low flow rates, so not exactly discounting the play and leaving an open ended question about the play. if you look at the EKA presentation you see what direction the primary goes, and its clear they wont tell you what direction the secondary goes, but with them buying more acerage, its obvious it must be in a different direction to the primary play.. the well was designed to test all zones, it was never designed to be a commercial well as its primary objective, many things can happen at SL now, the well can have still lots of different things done to it in the future once testing is completed.

each announcement seems to fill the picture in little by little..

 

[skyliner]

hi sorry guys for the confusion, it was me (skyliner) copying a post from hc from a poster called rogar for all to read here as i thought it was interesting if true.