ADI - Adelphi Energy

[Agentm]

hey kennas

i tried about 3 times after i posted the thing to reduce the fonts,, i blocked the whole thing and it wouldnt rectify?? so i gave in.. i nearly added a little note but i thought i would just leave it in the end..

sorry about that..

in terms of the adi reporing,, they have been so ordinary in reporting anything positive that you need a microscope,, yet their presentations to brokers and the public are bullish..

i was pointingn out the usual practice of making a good thing sound very neutral or bearish..

have a look at this presentation adn compare it to what i just posted..


the differences are dramatic.. adi are very cautious on making any asx announcements positivein any way, they dont want a gdn senario on the stock..

mind you once things look remotely positive, i feel things will change

cheers

http://www.adelphienergy.com.au/files/presentations/Investor Update Presentation Sep 2007.pdf

 

[zander]

a good starting place would be the Sept 2007 Adelphi presentation, see home page of the adi website - page 12

and I think you will find that there is "not much guess work" about this development.

ft

I thought the answer to the riddle was: 'WAGON WHEELS'

page 11
http://www.adelphienergy.com.au/files/presentations/Investor Update Presentation Sep 2007.pdf

 

[barney]

barney

a good starting place would be the Sept 2007 Adelphi presentation, see home page of the adi website - page 12

and I think you will find that there is "not much guess work" about this development.

ft

"Forgive me Father" The "guess" comment was meant with all due respect to TCE .......... They know exactly what they're doing. Lets hope they are on the money, cause we need some results at this point to get the ball rolling .... Cheers.

fflintoff, Thanks for the "google" link. That is exactly what I was after. It puts the angle and position of the wells in perspective. If we get a good strike at Kennedy, we would certainly be backing SL1 (or any other well they drill in close proximity on the same reservoir line) to produce as well. Kennedy is obviously not the last string on the bow, but a result from it will generate some serious interest .............
Impatiently waiting patiently, like everybody else.

 

[fflintoff]

Oil Barrel 29 Oct 2007

"Empyrean Energy Gets Some Encouraging If Inconclusive News From Its Kennedy-1 Well On Its Sugarloaf Prospect In Texas
The latest drilling report from London AIM-listed Empyrean energy concerns its Kennedy-1 exploration well on the Sugarloaf prospect in Texas, US. The well is drilling ahead at a measured depth of 13,481 feet. The planned measured depth of this well is 17,570 feet.

Since its previous report casing was successfully run and cemented at a depth of 12,719 feet followed by the start of drilling the horizontal section within the target Austin Chalk upper zone. There are background gas levels broadly consistent with those found in shallower zones.

The re-frac of the deepest of the three zones of gas shows, and log interpreted potential gas play in the Cretaceous age Austin Chalk formation, was undertaken, with all of the Frac protant injected into the formation as per the programme. The lack of significant hydrocarbon recovery and the flow pressures seen, to date indicate that this deepest zone of the Austin Chalk is unlikely to be commercially productive at this location.

In other words, there looks as if there is gas in the shallower zones but we do not know how much at this point. Empyrean has assets in Germany but it is focused in the US, like other small independents from the UK and Australia, because the high prices available for gas and the good infrastructure make it worthwhile revisiting low risk discoveries which were not deemed worth exploiting by the companies which originally discovered them. The low cost nature of the assets means that even the most junior of companies can quickly build up a good cash flow business.

Sugarloaf is important to Empyrean because it represents a potential step up from the modest developments the company has achieved on Project Margarita, also in Texas. You are talking about the difference between hundreds of thousand of cubic feet a day to possibly millions of cubic feet a day from individual wells.

The Sugarloaf prospect covers 60 sq km in the prolific Gulf Coast Basin of Texas and lies just 6.6 km east of the producing Sugarkane gas-condensate field. Empyrean has a 6 per cent working interest in the Texas Crude Energy operated project which was first drilled in 2006 when Sugarloaf-1 found tight reservoir sands in the primary Cretaceous-aged Hosston formation.

This was a disappointment but the compensation was that there was at least 92 feet of potential gas play in a shallower secondary target, the age Carbonates. So the shallower zones looked prospective if the deeper ones don’t.

On the basis of past drilling Empyrean extended its interests. It has farmed into a 12 well programme (Kennedy-1 is the first well) over Sugarloaf Block A and Block B. Empyrean will earn a 7.5 per cent interest in Block A by paying 12.5 per cent of the pre-production costs. The first well here, a horizontal appraisal of a putative gas reservoir, encountered encouraging gas shows.

Empyrean also has an 18 per cent working interest in Block B, where, as part of the programme, the Kennedy-1 well is taking place. It is early days but it is suggested there could be a multi-tcf gas target to be exploited.

There is also movement on Project Margarita, the other Texas asset. A six well drilling programme has meant output of around 2 million cubic feet of gas a day and some 60 barrels a day of oil. Empyrean has 44 per cent of this acreage, and at current prices for both oil and gas there is good cash flow.

But it was always agreed that if the shallow low cost/low risk wells came good, the partners would graduate to three deeper, high impact wells on Project Margarita. The first proposed prospect is a potential gas accumulation of between 15 and 48 billion cubic feet:"

 

[maverick11]

Can't wait until they get into zone 1! This wait is tedious, but should be worth it. Seems like 1H has been drilling ahead rather trouble free.

Evangelin, don't forget the people who's holdings are spread across multiple funds so don't register on the top 20 Lot's of people are 'onboard & waiting'

 

[Evangeline]

Oilbarrel refers to the jvp as an example of "low risk discoveries which were not deemed worth exploiting by the companies which originally discovered them." Are they referring to Conocophillips here in relation to the Sugarloaf Discovery?

 

[sam76]

Oilbarrel refers to the jvp as an example of "low risk discoveries which were not deemed worth exploiting by the companies which originally discovered them." Are they referring to Conocophillips here in relation to the Sugarloaf Discovery?

Just taking a stab here, but they could be refering to vertical drilling technology versus horizontal drilling technology. The jvp's are using the most up to date drills and methods available today.

 

[Agentm]

Oilbarrel refers to the jvp as an example of "low risk discoveries which were not deemed worth exploiting by the companies which originally discovered them." Are they referring to Conocophillips here in relation to the Sugarloaf Discovery?

my view is that they are refering to whom originally discovered the play.

i guess it gets down to how much you may know about it, when i look at the leases i see who would have originally looked at it, so perhaps TCEI did take up where the previous left off.. but what were the previous looking at is the question!!

 

[fflintoff]

CBO going public.

“Another succesful well and frac “ October 25 , 2007

“Pre IPO (Pre Initial Public Offering)
We are assembling a 10 million share @ $1 per share Pre IPO for our Delaware registered Central Basin Oil corporation. Jason and I will add 5% of each previous field and 5% of each future field. So we will have immediate cash flow and many millions in reserve value added to the initial offering.

We have begun interviewing investment bankers for a $100+ million dollar offering to be offered about 1 year from now with pink sheet or OTC trading. We estimate the offering to be $1.50 to $2 minimum per share in one year that should increase in value quickly as oil prices continue to increase and we continue to facilitate successful projects. This will create a future vehicle to allow investor liquidity to cash out if need be from Central Basin’s projects or to offer another liquid investment vehicle.

Unfortunately, investing by stock does not allow immediate tax deductions as our individual field participation allows. It does allow needed liquidity. We will offer both investment type vehicles in the future after the stock complies with audits and registration requirements.

As each project matures, we will hire a 3rd party reservoir engineer to determine the value of each field for each field value determination for the publicly traded company and individual working interest estate planning.

We also have been adding some of the best drilling and completion experts in the industry that will be lured away if we cannot offer some stock options from time to time. We had not planned to grow this fast, but we have not ever assembled such a large inventory of drilling and completion equipment and experienced personnel before. I personally thought it would take a much longer period of time. The drilling equipment alone is worth almost $10 million.

When we started the CBO journey, oil was $50 a barrel. It is already $80 a barrel and appears to be heading higher due to commodity value and the weakening of the dollar. I don’t see us changing of our trade balance practices anytime soon.

The Bush family had three fields and they were able to run almost the whole family for president from that created wealth. We have more fields than that, so somebody in our group may be a presidential candidate down the road. Not Jason or me though.

Drop me an email if you wish to participate in the Pre IPO and I will send you documents”

Charles Couch, Accounting & Exploration Mgr

http://www.cboil.net/

http://www.cboil.net/contact.asp

 

[Evangeline]

I'm a bit confused ... I've read what Couch had to say about S1.....and I know he got an award recently.......but what, if anything, does he actually have to do with the jvp? Can anyone tell me (in brief). Does this latest news about Couch have anything to do with ADI?

 

[fflintoff]

Couch is part of TCEI ´s private USA interests of 41.5% in SL.
This amount has been subsequently diluted to acconmmodate EME ´s increased interest via the 16 well programme. Couch ´s involvement post SL is uncertain. He may have clammed up or he might have been gagged. He only invests on a well by well basis so maybe he is not invested in Kennedy #1 nor in Kunde nor Baker but that is speculation at present.

 

[Evangeline]

Thanks for that fflintoff.

I have wondered for a while exactly what the connection was, and how Couch knew what was going on with S1.

Certainly AUT's most recent report ratifies what Couch said about the unusually high porosity in the chalks and gives one hope that the rest of his reportage may also be true, but yet to emerge......

This certainly is a gruelling time, but for holders who have hung in since 2006...must be even more so.

 

[Agentm]

I'm a bit confused ... I've read what Couch had to say about S1.....and I know he got an award recently.......but what, if anything, does he actually have to do with the jvp? Can anyone tell me (in brief). Does this latest news about Couch have anything to do with ADI?

your confused??

i am struggling to understand the relevance of any of that post to anything?? wtf???

anyone get it?

 

[fflintoff]

Thanks for that fflintoff.

I have wondered for a while exactly what the connection was, and how Couch knew what was going on with S1.

Certainly AUT's most recent report ratifies what Couch said about the unusually high porosity in the chalks and gives one hope that the rest of his reportage may also be true, but yet to emerge......

This certainly is a gruelling time, but for holders who have hung in since 2006...must be even more so.

Evangeline,
I am glad that you found the post useful. If EME announce a forward well programme it will be interesting to compare that programme to Couch ´s 100 wells in offsetting leases. Regards.

 

[Agentm]

Evangeline,
I am glad that you found the post useful. If EME announce a forward well programme it will be interesting to compare that programme to Couch ´s 100 wells in offsetting leases. Regards.

what eme program to what couch's 100 wells??

sorry flintoff, when did couch oil become operator on the leases???

what the heck are you talking about? please clarify??

are you and eva adi holders???

 

[fflintoff]

This is from that numpty tRol on the UK forum. Sorry but I don ´t know what it means. Maybe more code & smoke & mirrors etc?

********************************************************

I see sheep with their ears pinned back...

I see a dark stranger wearing a hat with dangling corks herding the sheep...

I see a rabid dog following in his wake, biting all those who dare to think for themselves....

http://www.advfn.com/cmn/fbb/thread.php3?id=12461310

 

[barney]

This is from that numpty tRol on the UK forum. Sorry but I don´t know what it means. Maybe more code & smoke & mirrors etc?

********************************************************

I see sheep with their ears pinned back...

I see a dark stranger wearing a hat with dangling corks herding the sheep...

I see a rabid dog following in his wake, biting all those who dare to think for themselves....

http://www.advfn.com/cmn/fbb/thread.php3?id=12461310

Mmmm .............. ADI thread is turning into a poetry thread (where's 2020 Hindsight when you need him)

I don't know Mr tRol at all, but I guess he showed "some" decency by dressing up an insult as poetry ................

I assume you wouldn't give much creedence to this gentleman Agent?

 

[Agentm]

Mmmm .............. ADI thread is turning into a poetry thread (where's 2020 Hindsight when you need him)

I don't know Mr tRol at all, but I guess he showed "some" decency by dressing up an insult as poetry ................

I assume you wouldn't give much creedence to this gentleman Agent?

hey barney..

there is a tendancy for people to not talk about the share in the uk and go after anyone who does in a personal way, its a crew of shorters and mm's whom work a bunch of stocks hard,, i have them on ignore,, we have a few from there on this thread at the moment, they are not investors nor interested in discussing the current events of the adi or the current drills, as you can see, if you id them and ask them the relevance of their posts, they come back with personal insults.

 

[Evangeline]

I just wanted to know what Couch's relationship to the jvp was......and how he came into possession of the knowledge to make the claims he did regarding the drilling process in 2006 and S1, which is the well which has just tested Zone 3.

I am heartened by the fact that AUT's annual report backs up Couch's description of the porosity of the chalks being high 6-12%....it gives higher credibility to his claim about the productivity of the austin chalks.

 

[Evangeline]

I've got a feeling we won't get news till later in the week .... maybe not even till Friday, but that it will be good news....just a feeling though