Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

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i think they are testing zone 3 as long as they need to.

Once its completed they will decide on other zones. the jvp's are reporting up to 300 units background gas.. mud weights are unknown so its not able to be called uncommercial, the jvp's have announced the well as encouraging.. its taking forever to finish just as kennedy 1 H was.

all looks fine to me.
 
Agentm, I don't mean to pour cold water on you, but it seems this stock has no real news on the horizon... I am getting a little impatient with it, sp wise this stock has been in a downtrend for a while, and by the look of things, it does not looked like it will turn around quickly. Let's hope I'm wrong, though.....
 
Pioneer 3rd Qtr

Nov 6 ,2007

Edwards Trend

Production increased 63% vs. Q3 2006 and 31% vs. 9 months 2006Expected to grow >30% in 2007 and ~25% in 2008Two new fields discovered in Q3 bringing total in the expansion area to eightExpect to drill ~35 wells in 2007 (primarily development wells)–Multiple isolation packer fractechnology increasing average EUR of ~3.5 BCF by 1.0 -1.5 BCF at additional cost of ~$1 MM per wellProppantfracsof existing horizontal wells at Pawnee continuing to show success –EURsincreased by average 1.0 –1.5 BCF per wellProgressing >900 sq mi 3-D seismic surveys and infrastructure expansion (treating and pipelines)~300 M gross acresMMCFEPD

http://library.corporate-ir.net/library/90/909/90959/items/268398/2007_11_06ThirdQtrEarnings.pdf
 
i have been looking hard at the other chalk wells in the area, there are 2 others the jvp have not mentioned. its interesting discussion with the geologists, as the wells themselves show the same traits that the kunde well did, but its up for debate if they were in the sugarkane or on the other side of the fashing fault.

for me its confirmation that in regions further out, and possibly outside the zone (by a ultra narrow margin), we have evidence of a healthy verticals producing from the chalks. so these high marix porosity rocks have got some form nearby. which is encouraging
 
This has to be the most talked about stock on the asx.

The longest thread in the history of aussie stock forums.

We are all here to make money.

Whats the return on investment over the last 6 months? Lots still holding for the long term. 3 years plus???

The returns generally happen when few people understand a stock, for example ELK petroleum has gone from 20 cents to 80 cents in less than a 2 months.


ADI is well known among day traders, and investment circles now, so I wonder how that is having an effect on the shareprice.

It has bounced off 50 cents a couple of times.

The pay day on ADI would want to be good for you AgentM and I hope it is. You have put lots of effort into your research.


More than most I would think.

Still holding?
 
Ken said:
This has to be the most talked about stock on the asx.

The longest thread in the history of aussie stock forums.

We are all here to make money.

Whats the return on investment over the last 6 months? Lots still holding for the long term. 3 years plus???

The returns generally happen when few people understand a stock, for example ELK petroleum has gone from 20 cents to 80 cents in less than a 2 months.


ADI is well known among day traders, and investment circles now, so I wonder how that is having an effect on the shareprice.

It has bounced off 50 cents a couple of times.

The pay day on ADI would want to be good for you AgentM and I hope it is. You have put lots of effort into your research.


More than most I would think.

Still holding?
Click to expand...

Day traders have long gone from ADI. Holders are waiting for a final result from Sugarloaf. That's my opinion anyway. Some are bound to be losing patience and falling off and I've got to admit I'm close to being one of them. I,ve made a bit out of it along the way and now mainly hold AUT with the same story. New Year will see my patience end one way or the other.
 
still holding, and i think many who get it are accumulating, theres a lot happening near by that conocphillips have done to suggest this isnt a pipe dream.. more the real deal.. wait for kunde 3 results to giude you to the potential.. all good imho
 
ken, i gather you have not realised something on this jvp.

normally a well is completed and tested in a matter of months. the reasons for the delays were primarily for conocophillips to land grab. so the jvp has been at the mercy of this operation. its been frustrating for many. i have continued to research as it became obvious the play was not 150 bcf, and Conocophillips wouldnt be in a small play like that..

i think all holders are feeling the pain in this investment. and as ADI can say little until the formation is tested, we have to endure the wait. its obviously causing a lot of impatient to transfer their wealth to the patient.

i see a fine future on this sugarkane, as the 100 mill so far easily spent on the project is certainly been no skin off conocphillips nose.. All the ADI management can say is that the background gas readings are encouraging, there are wells inside to suagrkane zone and outside that have produced for many years on the vertical, I would say the fact conocphillips are putting in 2 horizontals is enough to convince me they have sufficient confidence in exploring the formation.

We are in a strange position, TCEI has a screenout in zone 3, and they are checking to see if the secnd frac was successful.. TCEI has yet to test the sugarkane, yet a horizontal is practically completed there.

I agree theres been no joy in this share at all this year. But in a matter of a very short time, we are assured the kennedy well will be tested..

I understand theres lots of scepticism, and many have it, but that doesnt match the research, nor the evidence i find.

EME have recently announced kunde 2 as a vertical behaved just as SL1 did. so the couch experience of mud flowing back up the well is evident in both zones. I feel very optimistic that the sugarkane story of >3 tcf and 500mmbbls is showing good signs, i hope all investors make some great rewards.

in terms of returns? i have seen these shares listed in the 10 bagger newsletter. so 12 months of waithing for a 10 bagger, i know its a little long, but hey!! why jump now when wells are about to be tested??

the wells are all being completed roughly at the same time ken, so good news may be very very close.
 
Interesting thought from q44 on ADVFN:-

"About K2: Perhaps they only had permission to drill this as a monitoring well and so it was faily close to the other well(s)and closer than permits allowed between potential producers. Once drilled they came across a pot load of oil and are now trying to apply to turn it into a producer after initial frac monitoring. Just a thought off the top."
q44
 
fflintoff said:
Interesting thought from q44 on ADVFN:-

"About K2: Perhaps they only had permission to drill this as a monitoring well and so it was faily close to the other well(s)and closer than permits allowed between potential producers. Once drilled they came across a pot load of oil and are now trying to apply to turn it into a producer after initial frac monitoring. Just a thought off the top."
q44
Click to expand...


i was thinking the same thoughts, its a match as far as i am concerned. that eme share looks very very good value, if i had any faith in the AIM i would back that share anyday, but with those crews working it, and making threats of violence to tarz, i am sorry to say the market there has too much garbage going on and not enough regulation..

but on topic, the quatro statement rings very true imho. i was going to post it myself on here..
 
Oil and Gas Division
Oil and Gas Proration Schedule Listed by Gatherer
Gatherers names beginning with the letter R
October 2007

SUGARKANE (CRETACEOUS)
BURLINGTON 225297 KUNDE 6758 ( MCF)


http://209.85.129.104/search?q=cach.../r.html+sugarkane+&+kunde&hl=en&ct=clnk&cd=17



Oil and Gas Division
Oil and Gas Proration Schedule Listed by Gatherer
Gatherers names beginning with the letter R
November 2007

02 SUGARKANE (CRETACEOUS)
BURLINGTON 225297 KUNDE 6540 ( MCF )


http://www.rrc.state.tx.us/divisions/og/gatherers/r.html
 
this kennedy well would have to be close to completion now in terms of drilling, i gather the next good news is the announcement of puting in production casing.
 
Agentm,

I would've thought, going at the rate they've gone at, it going to be another 7-10 days to TD. Then 5 days to log. Has a decision to put in production casing already been made? How do you know?

Just curious.


Any well news on K2 and K3? Baker going well?
 
mpls said:
Agentm,

I would've thought, going at the rate they've gone at, it going to be another 7-10 days to TD. Then 5 days to log. Has a decision to put in production casing already been made? How do you know?

Just curious.


Any well news on K2 and K3? Baker going well?
Click to expand...

I think the major issue with kennedy has been the drill bit, the thing has spent more time giong in and out of the well than on the fromation. I was given the impression that the matter was sorted last week and they would be finishing the well off in quicker fashion, so based on the 10 days to drill 5000 feet, i gave the assumption that the drilling would be completed.

re the logging? i was under the impression the well was logged as they went, but maybe there is more to come, if thats the case then your correct, it could be a while before they decide on production casing and frac.

IMHo the encouraging elevated background regions would be their targets, and i would assume they may be very interested in completing this well. this well has different mud to the kunde 3 well..

I think the news on kunde 3 so far has been outstanding, i still see the kune 2 well permit is awaiting approval and i am convinced its the cause of the delays of the kunde 3 frac. i understand K3 can be fraced right now, but somehow the kunde 2 well permit seems to be there in my view its for a good reason, and if they intend to produce from zone 1 as well, i am assuming it may form part of the testing process of the formation?

if they are seeking to produce from K2 it says to me theres some good reason to be upbeat on the kunde wells in any case, as kunde 2 appears to be vertical perhaps afterall

regarding baker,, my view is based on the info i have on the spud dates, and i am of the belief the well has to be in the chalks..

the coming weeks looks very busy IMHO.. plenty of updates and news to come on austin chalks formation ability to produce on the horizontal, and
as these wells are nearing completion, the jvp's must have to make decisions on the way forward.. so plenty of news to come in the near term imho
 
Well there seems too be a battle looming for the control of ARQ.
Wonder wether this has anything too do with ADI or what implications it may have too ADI.
Clive Palmer is the owner of ARH iron ore now want ARC umm interesting any thoughts ?
 
Agentm said:
I think the major issue with kennedy has been the drill bit, the thing has spent more time giong in and out of the well than on the fromation. I was given the impression that the matter was sorted last week and they would be finishing the well off in quicker fashion, so based on the 10 days to drill 5000 feet, i gave the assumption that the drilling would be completed.

re the logging? i was under the impression the well was logged as they went, but maybe there is more to come, if thats the case then your correct, it could be a while before they decide on production casing and frac.

IMHo the encouraging elevated background regions would be their targets, and i would assume they may be very interested in completing this well. this well has different mud to the kunde 3 well..

I think the news on kunde 3 so far has been outstanding, i still see the kune 2 well permit is awaiting approval and i am convinced its the cause of the delays of the kunde 3 frac. i understand K3 can be fraced right now, but somehow the kunde 2 well permit seems to be there in my view its for a good reason, and if they intend to produce from zone 1 as well, i am assuming it may form part of the testing process of the formation?

if they are seeking to produce from K2 it says to me theres some good reason to be upbeat on the kunde wells in any case, as kunde 2 appears to be vertical perhaps afterall

regarding baker,, my view is based on the info i have on the spud dates, and i am of the belief the well has to be in the chalks..

the coming weeks looks very busy IMHO.. plenty of updates and news to come on austin chalks formation ability to produce on the horizontal, and
as these wells are nearing completion, the jvp's must have to make decisions on the way forward.. so plenty of news to come in the near term imho
Click to expand...

My understanding is that they log as they drill so the next step is the production casing as per the schematic:-

“10 days to drill horizontal section & then run 4 ½" casing”

(12.5 ppg oil based mud)

http://webapps.rrc.state.tx.us/DP/d...ublicQuery=Y&name=KENNEDY&univDocNo=484723106
 
ADI's down, the whole market is down over the last 2 ish weeks. I feel the price had dropped as there are people who wanted to see alot more happenng in the weekly announcements. Zone 3 didnt flow, big deal, we still have an estimated 600 bcf in zone one wating to be tested.
Remember the upbeat comments in the JVP's annual reports a few weeks ago.........things like " ....the sugarloaf austin chalk has the potential to be a companymaker for ADI..." and the comments similar to...near term upside....major market re-evaluation....from the other JVP's????

Still fresh in moi mind, and i aint goin' no where......
'
 
hey cicak..

Sugarkane is in my opinion the real deal. and the 20,000 acreas are imho going to be a company maker.

Its now too easy to say the wells are over and the sugarkane is no good, as the censure orders are making it hard for the jvp's to report..

I am happy to hold and remain like you.. i aint going nowhere either!!
 

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