Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

Jump to new
Agentm said:
It is worthwhile noting that vertical fracturing is a crucial factor in the success of Austin Chalk wells in the established fields to the north due to their relatively lower matrix porosity in the Chalk when compared to the Sugarkane area.


that is the key to it all, the sugarkane has relatively high matrix porosity

you cannot compare the regular chalk plays in the austin chalks to this little gem.. its unique..
Click to expand...

jj,
Exactly as stated by the blessed Charles all those West Texan full moons ago:-

“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”
 
just one uk investor and myself left here now.. looks like the delays have blown most out of the door.

i'll keep holding..

motoben in the uk is very very interesting, i like the data that comes through, if you can filter the consortiums that operate on shares like eme and mpl over there and dont engage them, nor their other false identities that keep saying things like good post mate!! but if you filter enough you can get good info, most of the excellent posters like ed over there have given up as the determination of these consortiums and shorters and mm's are very frustrating. people like moto, saf, jjf, tarz, sussex mpl jacko to name a few are all keenly interested in the share and contribute great info.. you have to watch the thought police, when ever you get a poster who is trying "to protect the flock" you see right through them, they are on an agenda. any investor can see an obvious ramp, and anyone can tell positive sentiment from negative, its the ones that need to highlight the negatives day in day out, you see them here to, some of these crews work long hours with many operators with multiple identities, a few days ago one consortium member there posted 36 times on a stock claiming not to hold any shares but solely to protect the flock!!, any way enough on the pitfalls of shorting crews and gambling on the AIM.. thank christ we are not listed there!!




this is a little gem that moto put out, i liked it a lot and was a project i was planning on undertaking myself, worth looking at imho






attachment.jpg
 

Attachments

  • sugarlandbf5.jpg
    sugarlandbf5.jpg
    105.4 KB · Views: 200
Still hanging in and waiting for the results of S1 and Kennedy. It is logical, as you say, that no news is probably good news. They have commenced testing and obviously there must be something worth testing. Otherwise they would have to announce a duster. Hopefully some good news this week!
 
Another UK investor here lurking for some time in the back ground, dont want you to feel too lonely.

Top research AgentM and the rest of you guys.

Your last post is spot on, many of the boards in the uk are being spoiled by these clowns. I have noticed it appears to be getting worse over the last few months on AIM oilers. Maybe its down to the fact an RNS no longer gives 20% or more rise in a day. What little I have seen of the ASX is a good example of how AIM should be run but the FSA is impotent to act.

I hope we get a bit of news from ADI tonight or tomorrow.

Luck to all.
 
hey eva and dontjump..

interesting to hear the views on the AIM are shared by others too, its very obvious to me whom are the consortium members, my filter list is full of them.. i have another stock i want to heavily invest in but its also listed on the AIM, which makes it tough to decide on accumulating. i am less inclined to as a result of it being there.



TCEI results are only a matter of time now i think, and probably not much of that left!! shares seem well held and the top 20 keep on buying!!
 
Agentm - Do you know anything about Thomas Brian Cannon - he just keeps on accummulating every time I look. He is now up to 800k and it must have been him who bought up big that day.
 
Evangeline said:
Agentm - Do you know anything about Thomas Brian Cannon - he just keeps on accummulating every time I look. He is now up to 800k and it must have been him who bought up big that day.
Click to expand...


i see many top 20 are buying up, and many like nioka jump across or hold large holdings in many camps..

cant comment on individuals, or who i have been in contact with, but seeing that adi is regularily updating the top 20 every week or so, shows you by these revisions that the last months has seen consistant accumulating on the adi share by the top 20. if the others jvp's did reveal their lists and not guard them so closely it would be interesting to see who's on it what sort of weekly changes are happening there..
 
I must admit I am a small fry invester but hold a great miner share on AIM which appears free from manipulation other than the market makers. However there are a few dogs on AIM which I have invested in.:banghead:

Carpie deum ;)
 
Well more delays this is getting frustrating too say the least delay after delay after delay.
No flow but refracing seems like they really think they can get a good flow otherwise they would not bother just so frustrating all this waiting
 
Looks like I will have to repeat myself. GROUNDHOG DAY. This one is getting to be a relative of VPE where good news is always just around the corner.:banghead:
 
back to square 1

zone 3 is the lowest zone to be tested, they had a screenout, now will refrac as TCEI has made a recommendation. unfortunately there is nothing in the announcement given that can indicate whether its looking positive or not, its just got to be done right and tested thoroughly. perhaps the fact they are refracing is an indication that things may be positive, but thats unknown.

its a great time to stack the sell side and shake out the share a little..

Kennedy 1H and Kunde 3 are the real deal, its whats the share is about, the suagrkane!

The well is a about where i think it should be, 11,803feet and in about 500 - 800 feet or so the well will be in the sugarkane. not long to go.


13 trades after the announcement.. not exactly a mass exodus!! $38,419..

nothings changed IMHO.. i am in it for the sugarkane.. these other zones have never been factored into the sp..
 
Could this be just another delay awaiting the results from Kunde 1, 2 or 3(think it is 2 but I could be mistaken)???

I know this may be just a conspiracy theory but thought I would throw it out there...
 
stereo21 said:
Could this be just another delay awaiting the results from Kunde 1, 2 or 3(think it is 2 but I could be mistaken)???

I know this may be just a conspiracy theory but thought I would throw it out there...
Click to expand...


if you ask me, i dont believe so, the screen out really didnt give them enough of a frac to get any idea of the flow. The refrac is on zone 3, which is not the sugarkane. there is one more zone above it then the suagrkane is in zone 1.

the plan is just as it always was, test all three zones but put any zone that flows on long term flow.. so refrac and test again.


kunde 2 is about 4 or so days behind kennedy 1H, so i think they will be looking at maybe late next week for a frac on kunde 3.. but thats speculation..

the frustration is being felt by all, but the reality is that nothing has changed. in a week we will be thinking about the rfrac and waiting on the expectation of news on the shows in kennedy 1h.. today is all about great buying opportunities
 
Yeh sp been hit but good oppurtunity too top up.
These delays are frustrating with confidence in ever getting a result wearing a bit thin.
Refrac and kennedy 1 should all be complete within 4 - 6 weeks could be a bumper ride before xmas and have been waiting well over 1 year so another 6 weeks wont hurt
Please deliver ADI
 
I hurtin but im also holdin lets just get on with the refrac they will have to withdraw the well tubing out to frac.

Does any one know if the frac team left site ??
I assume they have as it would be too expensive to keep them there for the last 2 weeks.

On the positive side if Z3 was a duster they are going to alot of bother with it ier frac, clean up, tube,flow test, refrac etc

Agent M
I agree with you on the aim it is full of shisters and heist merchants there is no midway.
Just because we dont post doesn't mean we arn't here and looking for info you post.

because of shorting it is so hard to predict the bottom of a stock on the aim
 
cathald1 said:
I hurtin but im also holdin lets just get on with the refrac they will have to withdraw the well tubing out to frac.

Does any one know if the frac team left site ??
I assume they have as it would be too expensive to keep them there for the last 2 weeks.

On the positive side if Z3 was a duster they are going to alot of bother with it ier frac, clean up, tube,flow test, refrac etc

Agent M
I agree with you on the aim it is full of shisters and heist merchants there is no midway.
Just because we dont post doesn't mean we arn't here and looking for info you post.

because of shorting it is so hard to predict the bottom of a stock on the aim
Click to expand...

if zone 3 flows they wont test sugarkane (zone 1) as they would have completed the Kennedy 1H well. so effectively they have saved money on that frac, and its possible after the zone 3 frac (and lets say they flow and put it on long term test), they then can go up the hole and test zone 2.
even though we have had a screenout, i see think it would have cost the same if they had frac tested all three zones early this year. its just that we have no data from one frac as it was a screenout, but 3 would have been required.

I have asked if our jvp would do similar tomography which the kunde 2 well is about to undertake during the frac test, and i was told its not likely as the well is cased and we are a little too far off the kennedy 1H well.

It all looks good to me, kennedy 1H will be 2 days into the turn now. by sat it will be finished, then case in and cement, two days there, so early next week the well will be drilling away into the chalks.

There is plenty of commentary now appearing on the boards in the UK that the sp will tank as a result of the screenout and refrac, IMHO the fact they are refracing means there is nothing so far that has been seen by TCEI to discount the zone 3 chalks as not being potentially productive.

as i said, the frac of the sugarkane may not be needed with kennedy 1H drilling the structure, so i see the well costs as being what they would have anticipated initially.

Great buying yesterday, obviously by the lack of buying in the past days the refrac had been anticipated, and there was plenty waiting to snap anything up on the trades yesterday. be interested to see if the trend continues..

good luck to those buying, i like their style.
 
I think what we have to remember with zones three and two is that they represent upside potential over and above zone one; zone one correlates with sugarkane and so the decision has been made to proceed with kennedy 1h targeting that zone. Three and two have to be tested in this well to get information on whether the subsequent field development needs to include targeting these zones. So a complete data set is needed and hence the proposal to refrac it (cost for the information is justifiable given the potential upside) rather than the alternative which is to write off zone three immediately never to return....imo
 
I agree, the two lower zones could have big upside, and if they have higher liquid content, as couchy has perhaps suggested, then we are in for some exciting days!!

But today we have no results to display, so its back to groundhog day and back to being in the "No flow sp flux"

Support is around as usual, if your wanting to bail theres plenty out there willing to take them from you..

Early next week is the next news on K1H.
 

Similar threads

System
D3E - D3 Energy
Replies
2
Views
1K
Dona Ferentes
Dona Ferentes
ducati916
August 2024 DDD
2 3 4
Replies
75
Views
19K
ducati916
ducati916
ducati916
January 2025 DDD
3 4 5
Replies
94
Views
5K
mullokintyre
mullokintyre
System
FDR - Finder Energy Holdings
Replies
4
Views
2K
mobcat
mobcat
ducati916
May 2024 DDD
2 3 4
Replies
69
Views
7K
qldfrog
qldfrog
Top