ADI - Adelphi Energy

[Lucky_Country]

Seems like a no news gag is in place and impatient sellers are falling into the trap!
It may take a while longer too get some positive news confirmed and could see a long lead up time too get the full story but I'll hang around for the rewards.

 

[Agentm]

so i gather we have a koh samui party going anyways??

IMHO this JVP is about to go pretty crazy, if this kennedy well is ever completed then we can expect some nice rewards for the long wait.

lets see what the next updates bring, its going to be either of two things, they are going to test this horizontal or they are not!!


IMHO this horizontal has been less than brilliant in the drill constantly being the problem, but if they got some action in the chalks, and i think those "encouraging" remarks were indications of that, then the jvp has all the ingredients for a pretty good well..

lets get the party started and start announcing something!! these years of waiting is driving me nuts!!

btw,, good luck if you hung around and held this share and didnt sell to to trojan and his mates!!

anyone going to the agm??

 

[Gspot]

I didn't realize how much I had invested in this play. Topping up here and there for a year now, and......CRIKEY!
This is becoming a major stress, with the sp drifting downwards, I'm finding it harder to believe in. With all the players involved, any good news would leak somewhere in the chain, or more stock being bought at these levels.
I suppose just a little too quiet for my liking? Hopefully I totally wrong??????

 

[rolisatosser]

Hi Roger

I know you look into this message board sometimes. Did you notice the villa fan who posts here. That makes two villa fan adi holders. Makes me want to get out!

Won't be long now Rog, this rocket will make November 5th look like a fading candle.

 

[Agentm]

in terms of what i think, i think conocophillips has got themselves some nice wells there in liveoak..

in terms of what i think we have in karnes county.. equality comes to mind immediately.

as far as what the definition of "encouraging" is.. its got to be imho the most under rated term ever used to describe a well... and can be used as long as the formation is not tested. i have a feeling they wont be using the encouraging term soon, after the frac that is..

and as far as the jvp goes. i think about what is being said at advfn.. its sure looking very exciting

those elephants are starting to move!!

 

[Sean K]

those elephants are starting to move!!

Must be minature elephants.

Looks to be hitting a little bit of a support line, but could be classed as descending.

Any particular reason for the poor performance?

 

[stereo21]

SUGARLOAF OPERATIONS UPDATE
Kennedy #1H Well
Adelphi Energy Limited advises that the Kennedy-1 exploration well has reached Total Depth of 16,750 feet Measured Depth and is running logs prior to casing for completion and testing. Total depth was called some 820 feet short of the original proposed measured depth of 17,570 feet for operational convenience.
Background gas levels whilst drilling in the Austin Chalk upper target zone remain in the range of 40 to 300 units; the commercial significance of which will not be known until testing operations are completed.
Sugarloaf-1 Well
Post fracture stimulation logs have now been run and are being analysed. The lowermost Austin Chalk interval that was previously fracture stimulated has been put back on flow test and on 11 November commenced flowing gas at a rate of 387,000 cubic feet per day with approximately 335 barrels of water (mostly frac fluids) per day. As at report time on 13 November, the well had declined to 180,000 cubic feet per day with minor quantities of water. Over the final 5 hours of the report period, 39 barrels of condensate had been produced. The significance of these flows will not be known until the testing of the zone has been completed and analysed.
Adelphi, through its wholly owned US subsidiary Adelphi Energy Texas, Inc., has a 20% interest in the Sugarloaf Project which includes the Sugarloaf-1 and Kennedy #1H wells.
For further information please contact Chris Hodge on 08 9480 1300 or info@adelphienergy.com.au.

 

[Agentm]

nice news dont you think guys??

still think the party is over anyone???

time to get very excited here.. the elephants are arriving!!


kenna.. you cant apply charts to O&G explorers!! its about this mate nothing more and nothing less

Sugarkane area potential​

>3TCF + 500mmbbls

 

[stereo21]

Can anyone with knowledge of the O&G industry shed some light on these results??? good / bad / too early to tell....

 

[Sean K]

kenna.. you cant apply charts to O&G explorers!! its about this mate nothing more and nothing less

LOL. You can apply them to ANYTHING, AM. All the available information is in there. Don't want to create a FA v TA argument, but for those that have some understanding of it, the chart for this stock is just more information to consider. Good luck! I hope the elephant comes soon!

 

[maverick11]

Sounds like the frac fluids have been recovered and she is flowing off the lower zone 3 which was previously written off. Approx 195 bbl per day @ $100bbl = $19,500/day for condensate. And this is just on the vertical! Say 400% for a horizontal and we're talking around $USD 80k per day on condensate.

 

[Agentm]

hey kennas.. its really been a long haul waiting for this news, but to see zone 3 flow means its possible to see the reserves "Sugarkane area potential
>3TCF + 500mmbbls" go way higer.

those figures are only foe zone 1.

we now have sl1 producing from zone 3, and kunde 2 is also looking at zone 2 and 3!!

all brilliant news

 

[Broadside]

we have just picked up a zone which was previously written off, across the whole 20,000 acres that is a whole lot of condensate and gas...great news, finally.

 

[Sean K]

hey kennas.. its really been a long haul waiting for this news, but to see zone 3 flow means its possible to see the reserves "Sugarkane area potential
>3TCF + 500mmbbls" go way higer.

those figures are only foe zone 1.

we now have sl1 producing from zone 3, and kunde 2 is also looking at zone 2 and 3!!

all brilliant news

I don't want to come on here being too negative and being accused of 'downramping' but anyway.......

If it's going so great, and has so much potential, why is it around about 12 month lows?

It's because CSG doesn't follow normal TA principles? Actually it is. Check the support line at 50 cents. Classic TA. If it breaks there, then support is gone in theory.....

I hope your FA is spot on, support holds, and it breaks up through serious resistance at 75 cents. Long way to go, but your elephant might take it there....All the best.

 

[HOMER J]

Agree, finally some good news. Zone 3 looked to be over before this. Cant wait until they fracture/test the top zone....

 

[Lucky_Country]

Z3 was written of then all of a sudden its flowing this jv are just so hard too read with there plans its a brave man too write anything off at this point in time.
If Z3 is written off then flows whats the potential for K1 "encouraging" they are a cagey bunch !

 

[Agentm]

we have just picked up a zone which was previously written off, across the whole 20,000 acres that is a whole lot of condensate and gas...great news, finally.

195 bopd was reported.. 39 over 5 hours!!! thats only the condensate..

thats way better than kunde 1... and we are only vertical. the chalks are not supposed to be commercial on a vertical well normally.. as they say, these chalks are overpressurised and unique, so on a normal frac the wells going good,, having two zones is great news..

 

[Agentm]

looks like only a few adi investors left.. i think the long delays must have shaken them all out, that leaves the trojan crowd and a small handful left!!

the upside of zone 3 to the reserves potential is going to be very interesting to me, i think TCEI and CP will start to look at multi lateral horizontrals perhaps if they have 2 or 3 zones producing. the sorts of returns those wells can give on these chalks will be mind blowing.

All eyes on zone 3 now, and with kunde 2 & 3 about to frac, we will have some idea of how good kennedy will produce. they couldnt finish the well, which says theres a lot of pressure down there to me preventing the completion, and they are satisified and will line it and frac it.. this is very good news indeed..

good luck to the small handful that lasted and held..

 

[maverick11]

I topped up at rock bottom prices this morning. Looks like it's going to take a little more to kick this one off. Interested to find out what occured to suddenly allow flow and recovery of the frac fluids in zone 3...

 

[Agentm]

The way i see it, there are a lot of wells out there, and mostly close to completion side of things.

things have to happen, so anyday now more news will flow..

all news is positive, to have movable hydrocarbons on our acreage is extremely encouraging.

lookin forward to each day now as once the Sl1 well brings back all the fluids it may flow a lot better than its current rate, its being reported minute by minute now, so there is plenty of reasons to be very optimistic on zone 3 and also zone 2!!

how big is this thing going to get?? imho its got a long way to go yet..