ADI - Adelphi Energy

[nioka]

have been thinking, looking at the share prices and options of ADI, EKA and AUT, that ADI is probably the best value of the 3 jvp's at the moment Opinions?

I hold both ADI and AUT. ADI is probably the better bet for the "sugars". I hold AUT as insurance if the sugars are not all that good because AUT has some other interesting plays. As the relationship, price wise, changes then I also change my ratio between the two. At times the ratio has been almost 2 to 1. Then AUT becomes the far better bet. At the moment almost 1 to 1 so ADI is favoured. Because of this, last week I sold AUT and bought ADI.

 

[Agentm]

i gather its not sinking in around here what the leases are for and what they mean.. these leases are substantial and deserve to be understood in the context of why news is simply being so gagged..

Survey William T. Hatton ET AL A-174 AWilliam T. Hatton ET AL

this is little beauty just came through.. now we are talking 803 acres here!! and obviously hard fought for.. this particular lease is listed in Bee but extends into liveoak..

reality check here,, the conocophillips leases are about 600 odd acres..

its about 6 miles south from kunde 1 & 3

can you understand why no kunde 3 news is surfacing??? its all about the acreage..

time to burn that credit card and go all in!!!

i think its all about to happen...

all IMHO and dyor

 

[mfunksta]

Thought seeing as I was on a roll I'd post another.

This excerpt from the EME website:

"The main technical risk to the Sugarloaf Hosston prospect is the preservation of porosity at a depth of greater than 17,000 ft (5,200m). At these depths in most basins of the world, reservoir quality porosity and permeability is usually too low to be productive. However, in the Gulf Coast Basin of the USA (especially Texas and Louisiana) there is abundant production from fields at these depths. Published data indicates that in excess of 21 TCF of gas has been produced to date from approximately 350 “deep” onshore fields in the Gulf Coast Basin area at an average well depth of 5,200m.

The possibility of preservation of porosity and permeability in the Sugarloaf Hosston prospect has been improved by early structural growth, thereby maximising the chance of trapping natural gas early in its history and retaining the original reservoir porosity and permeability."

Agent m: You are obviously convinced that the porosity will be astounding, but could please explain (or refer me to) your reasoning if it is more extensive as above (which I assume it is).

 

[Broadside]

Agent m: You are obviously convinced that the porosity will be astounding, but could please explain (or refer me to) your reasoning if it is more extensive as above (which I assume it is).

Couch referred to outstanding porosity in the Austin Chalks last September, which is why everyone is so bullish on the secondary targets. What Couch said at the time was dismissed by some, but everything that has happened since has vindicated his views.

=======================================================

http://www.couchoil.com/daily1.asp

Subject: Sugarloaf 1st Phase Good

Date: September 29, 2006


Sugarloaf – Hosston – 1st phase a success

We have dug the well to 14,480’ and logged the upper sections.

Well was trying to flow back gas during the logging operations.



The Austin Chalk zone from 11,925’ to 12,200’ looks very oil productive. The log results may set us up to drill over 100 wells in offsetting lease (26,000 acres) to just produce the oil from that zone. The porosity is just about double from what is normally found NE of our well location. Some folks have successfully produced with as low as 3% porosity. We have 9 to 12% porosity.



The Edwards is from 12,275’ to 14,000’ looks tight or too dense to produce.



The Sligo formation begans about 14,500’



The Hosston (Objective) begans at 17,000’ Planned total depth is 21,000’.



This morning they are running 9 5/8” casing to 14,480’

 

[fflintoff]

Metron,

I also fail to see the logic behind someone dumping at least half a million shares just before an announcement is due unless they are expecting bad news.

If indeed the seller was the ex-employee who cancelled their 1 million options as well, you would think they would be more in the know than your average punter!

I am yet to meet the person who doesn't like to make money - so why sell now?

Eva

As far as well testing is concerned an ex employee has no more of an advantage than an average joe i.e. everyone just has to sit pretty & wait for the results.

mfunksta,
The JVP are not considering the deep sands at the moment but may well return there in a different location in the medium term according to AUT & EME.

 

[Agentm]

Thought seeing as I was on a roll I'd post another.

This excerpt from the EME website:

"The main technical risk to the Sugarloaf Hosston prospect is the preservation of porosity at a depth of greater than 17,000 ft (5,200m). At these depths in most basins of the world, reservoir quality porosity and permeability is usually too low to be productive. However, in the Gulf Coast Basin of the USA (especially Texas and Louisiana) there is abundant production from fields at these depths. Published data indicates that in excess of 21 TCF of gas has been produced to date from approximately 350 “deep” onshore fields in the Gulf Coast Basin area at an average well depth of 5,200m.

The possibility of preservation of porosity and permeability in the Sugarloaf Hosston prospect has been improved by early structural growth, thereby maximising the chance of trapping natural gas early in its history and retaining the original reservoir porosity and permeability."

Agent m: You are obviously convinced that the porosity will be astounding, but could please explain (or refer me to) your reasoning if it is more extensive as above (which I assume it is).

it was answered for me..

what you posted for the hosston sands was correct, EME have announced what they found since,, the well flowed at sub commercial rates..

suagrkane is 11500 feet,, and the porosity is fine as confirmed by couch oil.. suagrkane produces from the xto field in the north and kunde 1.. porosity is well known.. its all about the kunde well delivering!!

you cannot compare the sands at 21000 feet to the chalks at 11500 - 12300.. if you think they are one and the same your making a grave mistake..

but the second part of the statement has broader and very critical impacts to the sugarkane in another way.. maybe at a later date i might elaborate.. but lets just say the chalks are impacted by the unique geology there..

cheers..

 

[Evangeline]

Agentm - you suggest that news has been gagged while TCEI secured acreages. In other words the company knows that Sl1 and Sl2 are highly prospective, but just how prospective has been kept a secret. How would they be able to keep this from getting out for over a year?

Is it possible that a well only a few km from Sl1 could be productive and not have similar properties?

 

[Agentm]

Agentm - you suggest that news has been gagged while TCEI secured acreages. In other words the company knows that Sl1 and Sl2 are highly prospective, but just how prospective has been kept a secret. How would they be able to keep this from getting out for over a year?

Is it possible that a well only a few km from Sl1 could be productive and not have similar properties?

your questions will be answered next week..

couch oil is your answer.. read the above references...

 

[resourceboom]

Adelphi Energy Limited has received a further update from the Operator of the Sugarloaf
Project (Texas Crude Energy, Inc. - "TCEI") on the timing of the upcoming testing and
drilling program for this project.
Due to rescheduling by the contractor providing the frac and testing equipment
required for the Sugarloaf 1 well tests, that operation is now expected to commence
during the week of 10 September 2007.
TCEI has also advised that the rig contracted to drill the next Sugarloaf Project well
(Kennedy #1H) is currently on schedule to finish its drilling operations on a third party well
by early next month. On that basis the Kennedy #1H well is expected to spud by around
mid-September.
The timing for both operations remains subject to the timely release of the relevant
equipment from current third party operations as well as other factors outside of our
control such as weather conditions.
Further updates will be provided upon commencement of these operations.

 

[fflintoff]

Adelphi Energy Limited has received a further update from the Operator of the Sugarloaf
Project (Texas Crude Energy, Inc. - "TCEI") on the timing of the upcoming testing and
drilling program for this project.
Due to rescheduling by the contractor providing the frac and testing equipment
required for the Sugarloaf 1 well tests, that operation is now expected to commence
during the week of 10 September 2007.
TCEI has also advised that the rig contracted to drill the next Sugarloaf Project well
(Kennedy #1H) is currently on schedule to finish its drilling operations on a third party well
by early next month. On that basis the Kennedy #1H well is expected to spud by around
mid-September.
The timing for both operations remains subject to the timely release of the relevant
equipment from current third party operations as well as other factors outside of our
control such as weather conditions.
Further updates will be provided upon commencement of these operations.

Last edited by resourceboom : Today at 05:12 PM. Reason: removed whinging

Were you thinking about the poms again ?

 

[Agentm]

so now that cross trade looks damn suspicious..

up until now i had no idea the news was about, came as a shock,, its obvious various operators knew as they were selling hard today. but in light of the fact the bad news is outn the transaction yesterday does indeed raise my curiosity.

must be a case of someone having the golden touch and damn fine luck..

Due to rescheduling by the contractor providing the frac and testing equipment required for the Sugarloaf 1 well tests, that operation is now expected to commence during the week of 10 September 2007.

time to leave the share in the bottom draw.. unless some news breaks in the mean while..

16th is the real date they are delaying to btw...

 

[Evangeline]

It has been very bad weather over there! Why is it such bad news and why do you think it will actually be 16th September?

Eva

 

[fflintoff]

ARQ 2007 annual report released a few moments ago :-

“The Company continued its support for its associated company, Adelphi with participation in a rights issue undertaken by Adelphi and through the exercise of 8,750,000 options in Adelphi at an exercise price of $0.25 per option. The exercise of these options took ARC’s interest in Adelphi from 26.3% to 32.4%. Adelphi’s participation in the Sugarloaf project in the onshore Gulf of Mexico Basin in Texas has resulted in what could be a substantial gas and condensate discovery which is currently undergoing appraisal.”

http://www.arcenergy.com.au/files/asx/ASX - Appendix 4E - Annual Report 2007.pdf

 

[Evangeline]

ARQ sounds very optimistic I must say. Seems like a good sign to me. I am not surprised that the hurricane would cause some delay in this instance.

Whilst they did not get full brunt of the storm, it must still have been extremely wild weather over there.

 

[nioka]

Groundhog day all over again. Could be another chance for an AUT sale and a transfer of funds to ADI ( or maybe the other way this time.) That is the silver lining that may be in this cloud as far as I'm concerned.

 

[resourceboom]

Nioka, would be interested to know how many more shares (in % terms) you reckon you'd be in the positive at no extra cost, just due to swapping between JVP's. Never really bothered with it myself, but good to hear you've done well out of it?

 

[nioka]

Nioka, would be interested to know how many more shares (in % terms) you reckon you'd be in the positive at no extra cost, just due to swapping between JVP's. Never really bothered with it myself, but good to hear you've done well out of it?

Approximately 30% but it could have been more as I have creamed off a little profit and recovered my initial investment. I'm not normally a trader and prefer to invest but the opportunities here were too good to miss. When you look at market caps, comparative prices and % interest in sugar there is a regular changing of comparative value. I also traded up AGM share numbers by selling AGM and buying AUT on a rise then selling the AUT and buying back 60% more AGM over a 5 week period with the same funds. The ADI and AUT SP is not showing the same price fluctuations now as they were a few months ago but the oportunity still crops up as it did last week.

 

[fflintoff]

sugarkane & kunde

http://www.google.com/search?tab=nw&ie=UTF-8&rls=SUNA,SUNA:2006-34,SUNA:en&q=sugarkane & kunde

agentm seems to be dominating Google LoL!

 

[Agentm]

Approximately 30% but it could have been more as I have creamed off a little profit and recovered my initial investment. I'm not normally a trader and prefer to invest but the opportunities here were too good to miss. When you look at market caps, comparative prices and % interest in sugar there is a regular changing of comparative value. I also traded up AGM share numbers by selling AGM and buying AUT on a rise then selling the AUT and buying back 60% more AGM over a 5 week period with the same funds. The ADI and AUT SP is not showing the same price fluctuations now as they were a few months ago but the oportunity still crops up as it did last week.

i admire the way you trade,

you have a great understanding of how and when to make a move,, and well done for doing so well.. as i say, you get my vote of respect,, i just accumulate adi,, whereas you jump and have done brilliantly..

well done.!!!

 

[nioka]

i admire the way you trade,

you have a great understanding of how and when to make a move,, and well done for doing so well.. as i say, you get my vote of respect,, i just accumulate adi,, whereas you jump and have done brilliantly..

well done.!!!

Thanks. However you can take most of the credit. I would not have had the confidence to make the trades without the research you have done on the Sugarloaf project. I was lucky getting into ADI in the very early days so I had a good start. Let us hope we all have a good finish. I haven't relied solely on them, they did help me to trade my way to a fair holding in AGM and AOE. ADI owes me nothing so any gain will be a bonus.