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I'm beginning to think it may have been a pink elephant. I just hope someone is not looking at ADI through rose tinted glasses.Hope its not a white elephant !
you see the faith comes from understanding what conocphillips is doing and what TCEI are doing, and who TCEI were the leases were before we arrived..
Its strange, but if you dig below the surface, you find things..
cheers
Pity ADI can't find anything below the surface. Mebbe we should all get out there and help em dig instead of reading this thread furever
Howdy Agent. Could you do me a favour ..... This thread has become so big, I couldn't even find the pics of the well positions you posted a while back. Would you mind posting a brief pic of the position of the producing Kunde well in relation to the SL1 and Kennedy wells with NSEW direction and distance between wells ........... Also, if possible a rough outline of our lease (dont want much do I??)
The chosen position of the Kennedy is interesting to me, and I'm curious as to why TCE chose that specific site in relation to the successful well "next door" ............
I think its fair to say, that if they have "guessed" right with Kennedy and we hit pay dirt, then it really will be game on ............ of course nothing is for certain, and it should be remembered that both SL1 and Kennedy have still both been drilled primarily to gain information for a possible future drilling programme .............. If we get lucky, that could be one big programme!! ...
I believe that the upper zone in SL1 is already considered "on the money",and that testing that zone although important, is secondary to results in Kennedy .......
Kennedy is where the importance lies now ............ this is where some real information will be gathered ............. Hoping for a good result like everyone else, and as you point out, the management is "encouraged" by the results so far ........... AND ...... we still have a long way to drill, so plenty of chances for more "encouragement" before we finish .......... Cheers.
Agentm, there is no requirement to increase the font size to make a point.The commercial significance of the elevated gas background is not known but is regarded as encouraging.
Background gas levels within this horizontal section drilled to date have continued to be broadly consistent with those reported last week.
interesting comments..
just as this was on 29th september 2006
Wire-line logs were successfully run over the open hole section of the well between 6,500 feet (1,981 metres) and the present well depth of 14,480 feet (4,413 metres).
Interpretation of logs by the operator, Texas Crude Energy Inc, indicates a 92 feet (28 metres) zone of possible gas pay corresponding with the zone of gas shows obtained during drilling in the secondary target (reported to the ASX on the 20th September 2006).
While Adelphi considers that the logs are encouraging the commercial significance of the log-interpreted possible pay can only be assessed by flow testing and there is a risk that the zone may not flow at commercial rates. Flow testing of the zone is not programmed at this time but will be considered after the well has been drilled to total depth and the primary target assessed.
The current operation at the well-site is the running of the 9-5/8 inch intermediate casing to present depth of 14,480 feet (4,413 metres). Once run and cemented, the well will continue drilling in 8-1/2 inch diameter hole to the primary target expected between approximately 17,000 feet (5,182 metres) and proposed total depth of 21,000 feet (6,400 metres). There is a further secondary target in carbonate rocks between present depth and just above the primary target.
the TCEI ADI jvp have a habit of understating the situation.. when they have identical logs to the kunde 1 commercial well, and masiive spikes in pressure, it was report that blandly and with no fan fare..
i will repeat the last parts of the recent announcements again
The commercial significance of the elevated gas background is not known but is regarded as encouraging.
dont underestimate what TCEI means as encouraging...!!! i know i have never done so.. encouraging last year meant multi tcf.. what does it mean today???
the commercial significance of the log-interpreted possible pay can only be assessed by flow testing and there is a risk that the zone may not flow at commercial rates. Flow testing of the zone is not programmed at this time but will be considered after the well has been drilled to total depth and the primary target assessed.
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