ADI - Adelphi Energy

[Lucky_Country]

Flow testing seems too be taking forever.
NT must be close too confiming what exactly they have got with NT2 well must surely be targetting the lower formation that they had too stop drilling.
SL well how long is a piece of string but will be worth the wait I hope

 

[Agentm]

i would have thought only matter of days into a week, but others like maverick would have a better idea..

i expected adi would have announced the promised frac test by now, azz have made it no secret they want to drill again at this site, it has attracted no interest on this forum, so obviously the potential of nt being a success and ongoing well development is not sparking any interest with holders, for me its proof the adi managemnt have selected a great well and are about to become producers. i think the cashflow will help significantly and assist in the future when having to go to the market to fund Sl and the african project..

anyway, not much interest in adi by the looks, but i see exceptional value in the share still.. i remain holding on this one..

 

[daeff]

First time on board here but I think ADI management are keeping everyhting under wraps............... they are onto something and if ADI comes off with cash flow for ADI then we are seriously away..... do ADI need to raise capital for a successful SL? that is then the question.....

News is now everyhting

 

[Ken]

I believe ADI has money in the bank. Over 10 million.

Its an exploration company with a number of plays.

Short term everyone wants sugarloaf to be a success because that would put it on the map.

But there are also a number of other exploration programs going on.

Its a matter of delivering for ADI.

 

[yogi-in-oz]

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



=====

 

[Agentm]

cant agree on some of the stuff this time yogi, but you seem to be correct most of the time..

i saw this on HC, gerkin is a poster there and went to WA to the AZZ meetings, he had some one on one with management, and i repost the news on NT.. confirms all i have heard and researched on NT..

New Taiton - They dont seem concerned that the well didnt reach the anticipated total depth.They remain confident of a good commercial outcome.As per tentative forecast a follow up well due for end of year.
Well design may be altered to address issues in first well.
(no indication of field size BCF)




i know the second well will be drilled in an way to ovbercome the massive pressure problems in the lower wilcox.. i also see azz are locking in a rigslot later this year for that well.. so for me i chalk up one commercial well and a development well at NT.. i am firmly of the blief there is condensate also on this play, and look forward to the testing of the well and any news on the attractiveness of the secondary targets.

 

[surfingman]

AZZ Announcement:

Pipeline construction has been ongoing and our latest report from the operator is that the pipeline will be complete this week and testing should commence thereafter.

 

[blues]

AZZ Operational Update (New Taiton)

Pipeline construction has been ongoing and our latest report from operator is that the pipeline will be complete this week and testing should commence thereafter.

AZZ management seem better at keeping share holders informed then ADI management.

Cheers

 

[HRL]

A full 5mins better. Perhaps we should all move our money over to AZZ then.

These announcements are funny and frustrating all at the same time. It's like a competition to see how little they can say in each report.

 

[Ken]

I think everything ADI is up to has been well published.

People reading into ADI's business may be doing a little bit too much. searching for theories, and scenarios.

As a shareholder, ADI has already given plenty of advice on there 2007 action.


As the announcement says if you have any questions call the director.

 

[tomcat]

NT another week away, still the SP seems to be handling it ok today. It really is like pulling teeth with this stock. Hope Yogi was looking at the wrong stars with his comments as I would love to see good news on NT...no offense Yogi...you were pretty much spot on last time around.

 

[Agentm]

AZZ has announced NT as a gas discovery, and are very bullish on the well, ADI are waiting and seeing for the test results before making waves on the well.

I am of the view AZZ have less to lose if they make a bad call on it being a discovery before testing is complete, and it is true the well has to be piped in for testing and cannot be flared. I also believe AZZ is not reckless in calling it a discovery early, they seem to operate well and have a good reputation and a great management team.

Once the perforating, frac and flow testing is done ADI are certainly going to announce any results immediately, so its now only days away in term of timeframe before we get some results.

As i said before i am very confident ADI have every reason to expect great results with the NT well.

EME had some activity overnight and the aussie partners are also getting good volumes..

 

[Lucky_Country]

EKA raising capital for SL with more too come sounds good too me.
Hopefully a sign of confidence in being commercial

 

[Agentm]

Lucky_Country.. brilliant post!!

you know this announcement has to let the cat out of the bag..

Funds raised from these issues will be applied towards the Sugarloaf project

if there is any doubt left about the sugarloaf prospect i would love to hear it

 

[chance fate]

I'm pretty keen about the ann too AgentM.... after today's small but upwaqrd burst on EKA SP ... i reckon there's confidence brewing in the SL project.. good luck... and as a holder getting more comfy that this one will deliver

 

[Agentm]

apologies for the loud font, it seems to change when you cut and paste..

i see EKA as doing what it has to, raising capital to develop the sugarloaf play, somehow i dont think they will have any trouble filling the order,

all positive news, and confirmation that sl is worth a good look..

 

[Agentm]

ok, its obvious to me no one gets it,,

I have to say if EKA is being told to raise that sort of capital when it already had $1.22 mill in the bank, then i am opening up some debate as to what type of crop these guys are going to grow on this 80 square kilometers of land..

so here are my question?

if EKA is expecting to spend $3 mill on SL in the near term, as part of its 12% farm in.. what does it add up to that the JVP's will spend combined?

what type of crop are the jvp's growing over there? as its obvious by the sp that no one thinks they are going to do anything with the cash on developing SL as the sp is not factoring in something here!!

AZZ have called Nt a discovery and pencilled in a possible well nov 07. so if NT at 40bcf is .30 to the sp.. $12.24 mill in the bank.. .12 to the sp
then is the value of all other leases, future cash earnings from NT, yemen, offshore and SL, and anything in it is therefor .24??

so if your selling today are you saying SL is only 30bcf...??

why are the jvps saying 170bcf and why are they throwing massive resources and time and cash into what the market believes is 30bcf..??

does anyone believe what couch oil continues to post on his website about sl?


time to go back to sleep now

 

[Lucky_Country]

AgentM I agree totally with your assesment of the situation.EKA need 3 million for there share of development and testing I presume.
Now is that 3million for for the first well, acerage and pipeline or the whole of the area I know what I feel just the first 1.
So say 3million for 12% development cost on first well which means 25 million for whole of the well construction and pipeline and acerage acqusition.
So 19000 acres, pipeline and well construction cost 25 million can anyone tell me whether they can judge the reserves by the cost as shown above

 

[fflintoff]

Big News from England - SL a goer

Empyrean Energy Increased interest -Sugarloaf


RNS Number:3591W
Empyrean Energy PLC
10 May 2007



Empyrean Energy PLC

("Empyrean" or the "Company"; Ticker: (EME))

Increased interest in the Sugarloaf Project Area, ("Sugarloaf") Texas USA
-------------------------------------------------------------------------

* New Agreement signed with Texas Crude Energy Inc ("TCEI") covering a
sixteen (16) well program over Block A and Block B
* New working interest on any well in the 16 well program in respect
of Block A
* Working Interest increased from 6% to 18% on any wells in the 16
well program operated by TCEI in respect of Block B

Empyrean has entered an Oil & Gas Exploration And Development
Agreement with TCEI to participate in a new sixteen (16) well
program covering two projects, "Block A" and "Block B".

In Block A, TCEI has an interest through an Operating Agreement with
a major international oil and gas company ("Block A Operator")(name
undisclosed for confidentiality purposes and to preserve and protect
competitive advantage). In Block B, TCEI is the operator and
Empyrean already has a 6% working interest in this Block via a
previous agreement and its participation in the drilling of the
Sugarloaf-1 well.

The new agreement covers the next sixteen (16) wells to be drilled
on either Block A and / or Block B. The agreement provides for
Empyrean to pay 12.5% of costs to first production to earn a working
interest of 7.5% in wells drilled on Block A and to pay 20% of costs
to first production to earn a working interest of 12% in wells
drilled on Block B. Empyrean's agreement covering a pre-existing 6%
working interest in Block B remains unchanged and is in addition to
this new agreement.

The Block A Operator has drilled a first exploratory test well on
Block A and this well is a discovery well which it has been reported
flowed gas and associated condensate on test. This exploratory test
well does not form part of the 16 well program. On Block B, during
the drilling of the Sugarloaf-1 well Empyrean previously reported to
the market on the 29th September 2006 a 92 feet (28 metres) zone of
possible gas pay, interpreted from wire-line logs and gas shows in
Cretaceous age carbonates. Preparations are underway for testing to
be carried out on these possible pay zones.

It is estimated that wells in this program will have a total cost in the
order of US$5million each. Empyrean's agreement with TCEI is structured
on a well by well basis with the right to proceed or withdraw at any
stage. If Empyrean withdraws then wells earned to that date are
protected. It is also understood that the Block A Operator is preparing
for drilling to commence on the next well in Block A within the next 2
months.

A further update will be provided as soon as confirmation of the date for
spudding the first well in this sixteen well program is advised by TCEI,
along with testing dates for the Sugarloaf-1 well.

Commenting today, Empyrean's Commercial Director, Tom Kelly said "Today's
agreement with Texas Crude Energy allows Empyrean to increase its interest in
the Sugarloaf Project Area and in particular the shallow potential pay zones to
be tested in the Sugarloaf-1 well. We look forward to testing these chalk zones
in the Sugarloaf-1 well and to the commencement of the sixteen well program".

The information contained in this announcement was completed and reviewed by the
Technical Director of Empyrean Energy Plc, Mr Frank Brophy BSc (Hons) who has
over 40 years experience as a petroleum geologist.


For further information:
Laurence Read/ Ed Portman
Conduit PR
Tel: +44 (0) 207 429 6605/ +44 (0) 7979955923

Empyrean Energy plc
Tel : +44(0) 207 182 1746

Rod Venables/ Cecil Jordaan
HB Corporate
Tel: +44(0) 207 510 8600

 

[Agentm]

now at last the penny dropped...

we see that eka and all the jvp's are not considering sl as just a minor play, we are talking major plays here..

enjoy the good times if your a holder!!