This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

ADI - Adelphi Energy

Jump to new
I think the thing to remember as Agent has pointed out, that this is a vertical test well. The chalks produce best from the horizontals. If the tests have good flow on any of the 3 zones then we are in for some outstanding times...if not the sp may take a bit of a hit but I am in it for the horizontals as that is where the real value will be realised.
 
Will they be able to estimate the flows of a horizontal from a vertical test well? If not, what is main purpose?
 
mfunksta said:
Will they be able to estimate the flows of a horizontal from a vertical test well? If not, what is main purpose?
Click to expand...

I think I read that they will put any zone that produces on long term reservoir test which will help evaluate whats down there....Agent???
 
tomcat said:
I think I read that they will put any zone that produces on long term reservoir test which will help evaluate whats down there....Agent???
Click to expand...

Found it, on the announcement on the 11th of July

11 July 2007

Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000

Via ASX Online

SUGARLOAF PROJECT UDPATE

Sugarloaf-1 Well
The rig required to undertake remedial cementation and formation testing has arrived on
site. Remedial cementation operations will start immediately and could take up to three
weeks to complete. This will be followed by fracture stimulation and flow testing of each
of the three zones of possible gas pay, identified from wire-line logs and gas shows in
carbonate rocks of Cretaceous age.
For engineering reasons the deepest zone will be tested first. Should any of the zones of
interest produce hydrocarbons at commercial rates, it is likely that the zone would be
placed on long term production test to assess reservoir performance.
 
The well is a two phase well..

If the well got production from the hosston sands then they would have drilled again into the chalks at kennedy 1H in my view.

I am not looking for a commercial well here,, although the way couchy was reporting it, with "first phase success" i personally dont expect any bad news at SL1.

They are testing all three zones,, thats significant.. they did that at Kunde 1, then chose to only run the well off the upper zone. The actual logs for the lower zones are unknown to me.

Sugarkane is in the upper, so we have a proven zone on our block anyway, and we have the possibilty the other zones are better or equal to sugarkane!!

I am of the opinon the SL1 well is a test well and is not ever going to be a vertical well in the future, kevro was talking about it yesterday, and i have been saying it for months .. The chalks are all about horizontal wells, and the recent adi presentation made a big point of it.. SL1 is only testing it.. thats all..

There would be many siting on the sidelines right now watching the results closely, the moment the news comes out the chalks are flowing, regardless of commercial rates or not, there will be some moves onto all the jvp's..
 
i'm with agentm on this... if the vetical well isn't commercial, the extended tests will reveal the size of the overall reservoir... a horizontal well produces at 5-10 times the rate of a vertical one... so reckon kennedy won't disappoint...
 
hey chance,,

looking at the UK boards and HC, only a few holders left,, all very very quiet.

I still have only one objective, and to wait for the forward drilling program to finish then get full value from the holding i have.

The news on the flow testing should break very quickly..

good luck to the few that are left.. and to those that sold, i hope they made a good gain..

on with the silence................................................
 
What makes you think that people have sold out and there are fewer (presumably bigger) shareholders left?

Maybe people are just waiting quietly hoping for the result we all pray for?

Good luck
 
Agentm there are lots of pi's on EME who dont post such as myself and are invested in EME, please keep your posts coming you are a valued and well respected poster on our board, and your research is top notch. A very big thank you to you. inhaler.
 

...given what's publicly available, reckon you've researched this one to bits Agent... would be good to get more inside info... all the research has done is shake out those (more knowledge = less risk or at least identifies and maybe quantifies the risk) that don't have the appetite for the next step....which for the time being has boiled down to possibly either a yes or a no result... so there's probably alot of risk averse players on the side lines... and there's those punters that are satisfied with the risk-reward level and have taken their positions.... both waiting for new info.... so reckon it's understandable things have gone quiet.... mean time all JV's seem to be successfully capped....apologies if i'm stating the bleedin' obvious.....
 

I haven't sold a single share in ADI...nothing to say except........waiting and hoping. Maybe we are in the eye of the hurricane which is why it is so quiet.
 


I think your right on the side lines,, i am aware of a few brokers waiting for a few key words like "flow" and its green light for them..

it is as you say understandable the boards are quiet..

kevro was throwing up some interesting debate on HC, which basically was that the SL1 well is not likely to remain a vertical well.. I looked at Kunde 2 and its not a P&A, so theres a chance that well could be converted into a horizontal,, as could Kunde 1.. with 3 zones, and 3 wells i was interested to know of others having thoughts that those wells could be part of the 16 well program, as SL 1 could be..


With kennedy 1H and the possibility of Sl1 going horizontal, we could have 2 horizontal production wells in no time..

The reason why i feel the SL1 well has plans attached to it, is that i noticed they put in a gas completion report, and have listed SL1 as an "official" gas well with the RRC, so its no wildcat in TCEI view, they have plan for it to be a well even before they have tested it!

Pogue for instance is listed as drilling in progress.. and shut in..

I find it unusual to file a gas completion report on a well unless your going to connect it to the pipelines and produce from it..

Interesting tactics in my view, and my opinion is that they will simply put in a amended permit to recomplete SL1 into a horizontal well into whatever zone kennedy 1 h doesnt go into..

it says to me the TCEI boys are keen on a few zones,, very bullish in my view, and they have the advantage of the conocophillips data, so they would have a fair idea if our chalks are productive in a multiple zones..

The fact SL1 is now officially a gas well, yet untested, means a lot in my view.. its highly unusal to see it happen, and i feel they are keen on more than just the sugarkane here!


calm before the storm


all IMHO and DYOR
 
Seems like everyone is just waiting on news of the first flow then they will press the trigger too buy ADI.
This could really increase the sp quite dramatically and all longterm holders will be rewarded for their patience myself included I hope !
 
Hi all - I noted with interest that ANZ nominees have upped their interest by some 500k shares in latest Top 20.

Eva
 
Evangeline said:
Hi all - I noted with interest that ANZ nominees have upped their interest by some 500k shares in latest Top 20.

Eva
Click to expand...

your getting real good at this eva,, i like your style..

NO ONE IS SELLING A SINGLE SHARE!!!!!!!!!!!!!!!!!!!!!


weird hey??


this share absolutely rocks big time..

i cant think of a single share i would rather be in right now.. High risk high reward.. those with some courage are going to get their answers,, and basically no one can back out anyway.. and when they start lining up for the shares if the news is as expected,, i dont intend to sell a single share..

good luck to all holders..
 

This looks to me as a ramp and should be treated accordingly by those with the responsibility to tick off offenders.
 
greenfs said:
This looks to me as a ramp and should be treated accordingly by those with the responsibility to tick off offenders.
Click to expand...

looks like the thought police to me..

so whats part is a ramp.. the bit that no shares traded as all are holding..

the fact i like the share..

pointing out the high risk high reward..

the fact there is not enough volume for holders to exit..

the fact i intend to hold if good news comes out..

or wishing holders good luck..
 
I like your style AgentM. I don't believe any part of what you say is ramping. You have put in hundreds of hours of research & posts. Without your input, there would have been many many people desert the stock. There have been numerous opportunities for anyone to trade in & out of this stock & make some good dollars. For the investors who have stayed put & patient, we all hope that the news will be very positive & will be timely from now.
I have waited this long, another week or two & I trust that we can all crack a crownie or 2!
 
When it got close to the hosston sands we had the same type of posts,, people getting real personal..

I checked the posts he had just done,, and he is a first class ramper!!

I dont think there will be many negative posts on adi from me,, so make sure you understand i absolutely believe the research i did backs up my conviction to invest heavily in adi..

I hope everyone makes a killing here.. waiting a year for a test to happen has been very hard for a lot of holders,,
 
You must log in or register to reply here.

Similar threads

D3E - D3 Energy
Replies
2
Views
1K
Dona Ferentes
August 2024 DDD
2 3 4
Replies
75
Views
20K
ducati916
January 2025 DDD
5 6 7
Replies
129
Views
9K
divs4ever
FDR - Finder Energy Holdings
Replies
4
Views
2K
mobcat
February 2025
2 3 4
Replies
61
Views
6K
ducati916
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...