ADI - Adelphi Energy

[Agentm]

i think the way your thinking sounds right to me barney, adi recently did a roadshow, i think many would be looking at what results the wells bring out.

i am curious about new conocophillips bordovsky permit in karnes county. if its a chalks well i would say EME could well be a partner in that one, so time will soon reveal if its a prospective chalks well part of the 16 well program of eme or not i guess..

the near term is still waiting on any announcements from EME on the two wells currently being worked on by conocophillips..

groundhog days continue relentlessly for the long term holders!

 

[Lucky_Country]

Well lets hope managements visit too the US has done some good and put a bit of pressure on everyone there too get things moving.
Everything seems to have ground too a halt even management wont be happy at the slow progress.
I hope all long term holders get rewarded including myself !
The big question is when ?

 

[Agentm]

what ever has been decided, i think the news of that will be released very quickly, the most pressing news for me is the kennedy 1H well, and i would like to see that one started as soon as they can, not for the sake of anyone else but for my own investment here..

currently i have mapped all the conocophillips leases in the adjoining counties, and for karnes county, and for me its staggering how fast they have worked in the past 2 years to secure the acres. now that it is coming to light there are many a different oil company name used to buy leases in conocophillips name, and once you discover each of them, the picture gets so large it becomes hard to believe. and suddenly a lot of wells appear that once were thought to be too far off, and out of reach of the sugarkane, and those regions are now imho very open for debate right now.. be it edwards alone or edwards and chalks both, whatever the formula is, the one thing suddenly becoming very obvious, is that conoco is drilling away in all different locations now.. and with the lease buying they have undertaken, the size of this sugarkane play has potentially become substantially larger than the region that the jvp has displayed in their presentations..

my own personal belief right now is that the play itself is way way bigger than anyone is aware of. and i am very very sceptical on two wells, and possibly a third well that is about to be drilled in karnes county, i now see them on trend, and now have to changemy view on things as i cannot discount them as chalks wells at all.. i know i did earlier discount entirely the notion that a poster put forward here, to that someone who posted that well a while back i apologise, and i remember then that i did not believe the region the well was in was a point of interest to sugarkane,, that person gets an apology from me on that score, and who ever he was, that was very perceptive back then to associate it to the chalks,, i think right now, i have to change my opinion on that well and a few others and not discount that region as out of the sugarkane play.. imho it goes a long long way further than ever expected..


for me i am now viewing this prospect in a very very different light, even until this week i had no idea of how advanced conocphillips were in the region, their leases are adding up more and more month in month out.. and they use a very clever group of names to buy the leases.. and the landowners would never have really known that they were dealing with CP imho..

the next months ahead will be interesting to me, i am now certain many more drilling permits will have to appear in karnes county and in live oak. and its no longer a case of sit and wait, the lease buying appears to be very very advanced and the permits on those areas are giving me the impression the conoco outfit is not concerned to alert the locals they are on the scene, and are now exploring the entire play imho without fear. which is a big change from the past..

 

[Lucky_Country]

So AgentM what do you think this play holds for ADI will they develop it or sell it off too CP ?
Do they really have a choice too keep the project is it too big and expensive for them or can they do the job and develop the field if it does become a proven multi tcf field ?

 

[Agentm]

So AgentM what do you think this play holds for ADI will they develop it or sell it off too CP ?
Do they really have a choice too keep the project is it too big and expensive for them or can they do the job and develop the field if it does become a proven multi tcf field ?

that i have no idea about, i think the jvp will at least put in a lot of development wells.. what happens tomorrow is anyones guess..

 

[Agentm]

Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))

Projects Update
---------------

AIM listed Empyrean, the oil and gas explorer and producer with assets in
Germany and the USA, today announces the following general projects update:

Sugarloaf Block A, Onshore Texas, USA
-------------------------------------

KUNDE 3

The TCEI JV Block A-1 Well has now had 41/2" casing run that ties the 41/2" liner in the horizontal section of the well all the way back to the surface.

An attempt to fracture stimulate the first interval has resulted in the frac
sand unable to be pumped even with high pressures (12,000 psi). Initial analysis suspects poor contact between the casing holes and the reservoir, as this zone in the reservoir was trying to flow whilst it was being drilled indicating good permeability. The operator is conducting an analysis of this with a possible remedy of bringing in a higher calibre perforating gun to gain better contact with the reservoir.

Empyrean has a 7.5% working interest in this well. A further update will be
given as significant developments occur.

KUNDE 2

The TCEI JV Block A-2 Well is still planned to be used to monitor the fracture stimulation of the TCEI JV Block A-1 Well, above, following which it will be completed for production testing itself.

Empyrean has a 7.5% working interest in this well. A further update will be
provided as significant developments occur.

BAKER

The TCEI JV Block A-3 Well has had a workover rig arrive on site and currently there is 7' casing to a depth of 12,272', then a 61/8" open hole to Total Depth at 15,100'. This open hole section of the well was trying to flow whilst being drilled and is therefore the focus of testing operations on this well. A packer has been set at 11,507' with 27/8" tubing run back to the surface. The open hole still has 15.9+/- ppg drilling fluids in it. Present operations are the pulling of the packer at 11,507' following which the drilling fluids will be cleaned out of the open hole for an open hole flow test.

As mentioned previously, following the open hole test, fracture stimulation may be required depending upon flow rates from the open hole test.

Empyrean has a 7.5% working interest in this well. A further update will be
provided as significant developments occur.

Sugarloaf Block B, Texas, USA
-----------------------------

The Sugarloaf-1 Well is currently shut-in awaiting the results of Block A well testing before the operator concludes plans for completion and testing of the zones of interest.

Empyrean has a 6.0% working interest in this well. A further update will be
provided as significant developments occur.

The Kennedy-1H Well has had 41/2" liner run from Total Depth back to the
surface. The operator is awaiting the results of Block A well testing before
finalizing completion and testing operations on this well.

Empyrean has an 18.0% working interest in this well. A further update will be provided as significant developments occur.



and so endeth the sermon.........

 

[Lucky_Country]

Even more delays by the sound of it !
Are these guys professionals Im begining too wonder.
So we are awaiting all of block A to be tested could be years the way they are going

 

[mick z]

The Sugarloaf-1 Well is currently shut-in awaiting the results of Block A well testing before the operator concludes plans for completion and testing of the zones of interest.

I thought the above was the test well...... I give up I am lost now.
This is becoming a snow job.

mick

 

[Agentm]

mick..

dont follow what you mean..

i have been researching all the acreages along the 3 counties, all acreages have been purchased by advocates or front companies, and i am aware of a lot that are handed over to conocophillips.

the play is easily 60 miles long, it has conocophillips wells right along the entire play.. some in their name, and a few in other names..

once conocophillips have seen this they have gone to work with people like TCEI whom have been instrumental in getting acreages in liveoak and karnes, and a few other advocates in dewitt county and the east section of karnes..

i dont view the play in our little 200,000 region anymore, and i cant discount any conocophillips wells that are in this trend as not being a chalks targetted well anymore.. the yellow line is some 63 miles long, and along this trend conocophillips name is all over the place, there are many jvp's imho on this sugarkane.. we are certainly not alone and the wells are starting to show up for me.. more research for me now along the entire play, thats for sure..

for me i see very well orchestrated and planned acreage grab over many counties over two years, with wells being tested and now permits and wells going in all along the trend. if the doubters believe the sugarkane is dead in the water, then so be it. i would like to say unless there is conclusive proof to the contrary, i am unable to believe conocophillips is doing this lease buy up and expansion on this play on a guess. that is not how conocophillips operate.. my own view is that they know the play is sound and commercial, and they have gone ahead on the program on the basis of not guessing anything! as long as i se conocophillips continue east west north and south of us,, then i am happily holding.. this operation has been going on right under your noses and no one has noticed anything!!

 

[prawn_86]

. that is not how conocophillips operate.. my own view is that they know the play is sound and commercial, and they have gone ahead on the program on the basis of not guessing anything!

How could they possibly know this Agent without having done much (if any drilling).

Seismic data and GPR has been proven to not have the most accurate track record.

I find it strange that you can think it is a sure thing with very little drilling, and no flow so far (that im aware of)

 

[Agentm]

prawn, as a moderator i would like you to please show me where i said the play was a sure thing? your trying to paint me as a ramper and thats entirely not the case.. i am not sure i appreciate your use of terms or the sentiment you portray..

the conocophillips organization does not buy acreages like this on a guess.. they have studied the play for some time, they took over the program from burlington, reevaluated the program, and then after doing their own research went ahead with it.. hence the delays on suagrloaf initially.. if burlington and conoco have both drawn the same conclusions, then i am happy to invest on that basis.. and as for seismic data not being the most accurate track record, which seismics are you referring to, and which technology is CP using?

prawn, your view is not the same as mine, i have invested on what conocophillips are doing and the money they have spent on acreages and testing of wells. and there is proven long term production on the sugarkane. just because your not prepared to read the presentations and data from this thread or by the jvp's doesnt mean you can make statements that the sugarkane cant produce..

please understand conocophillips would not have gone throught with the lease buy up and well program just on a show in a well.. they have done their homework , you dont believe it , so be it,, i happen to understand it and i certainly know the formation flows.. hell i wouldnt invest if i knew the formation wouldnt flow!! and conoco wouldnt be in this for a moment!

 

[mick z]

agentm,

if this land is so hot why isn't adi and the other jvp's grabbing there share of the spoils. ??

i've given back $150,000 profit waitng for an outcome on these wells...... so yes iam not happy. there is only one company winning at the moment.

looking at a sp in the low 20c tomorrow

mick

 

[Agentm]

agentm,

if this land is so hot why isn't adi and the other jvp's grabbing there share of the spoils. ??

i've given back $150,000 profit waitng for an outcome on these wells...... so yes iam not happy. there is only one company winning at the moment.

looking at a sp in the low 20c tomorrow

mick

mick

imho the jvp's were all bound by contracts dissallowing them to buy adjoining acreages, and i ask you to direct that line of questioning to adi, not to me.. they could perhaps confirm it for you..

also they announced the 20,000 acres were contested against major oil companies..


i am not going to be drawn into sp debates today mick. so i wont comment on that aspect myself.

 

[mick z]

well what was stopping texas crude from buying up the leases and farming out to the jvp's, that would seam to be the right thing to do buy the jvp's, and not stand by watch cp take them up.
somethink just seams amiss with all this and it's costing me and others dearly.

re- kude#1 5000 cfpd that is far from commercial, if you put a small enough choke on a well it is going to last a lot longer than if it was open full, do you see where iam coming from.?

if they put a bigger choke on kude #1 it would not run at 5000cfpd.

mick

 

[prawn_86]

prawn, as a moderator i would like you to please show me where i said the play was a sure thing? your trying to paint me as a ramper and thats entirely not the case.. i am not sure i appreciate your use of terms or the sentiment you portray..

Agent,

Everyone is entitled to their own opinion. You also do not need to say something is a sure thing to be ramping a stock.

Below is a selection that you have posted from as far back as 13 months ago.

Admittedly hindsight is a good things, however I am merely highlighting the fact that you have been super confident for years now, despite the falling share price.

remaining as confident as ever on this share..

the austin chalks are a definate, there is no doubt at all in my mind the well is successful. $2+ and multiple (double figure) wells to expand and develop the field..


I wount be selling any shares in ADI, today tomorrow nor next week.. I am 100% certain of the success of the secondaries in the well. I not only believe the secondary have mmet the highest expectations that were estimated, I believe the rumours and figures distributed last year are accurate and have been unable to find any reason to doubt their integrity.

I am super confident on the secondaries in SL, i believe both the magnitude and importance of the find is beyond what anyone can understand. The reasons for my continuing to purchase the share in the past month or more is soley on the reasoning that the return on the secondaries carry more than $2 to the sp. i see little downside. if i had to punt on the well and guess, my money is in the area of multiple 100's bcf on the secondary.. and 1.5 tcf on the sands..

trading on adi is still quite solid, with not many prepared to sell lower anymore as we near the business end of the explorer stage and the transition into a producer...

interesting days for adi. still cant see any downside..

Hopefully my view provides some balance to the thread, so others reading it have more than one point of view. But of course people should research thoroughly themselves anyway.

 

[mick z]

prawn,

in the early days we all thought the same as agentm.
i think we are getting a bit testie due to all the delays.
also prawn you seam to respond to agentm's posts all the time whats with that, your not storking are you. LOL

MICK

 

[Agentm]

prawn..

thanks for that, stand by all that 100%.. please go find some more

add this please.

i am 100% confident on the austin chalks play that adi are currently exploring. thats 100% confident, and i intend to add more to my holding based on my findings that i have posted here on this forum..

btw i could not put you on ignore which was a real pity..

Sorry prawn_86 is a moderator/admin and you are not allowed to ignore him or her.

 

[Agentm]

cash position is fine, the last quarterly updated the cash position and its very healthy. i have not seen any announcements from adi re them stating its a con job.. can you please post a link to that announcement.

capital raising is a certanty, absolutely agree that it looks that way, the wells in live oak are close to completion, and baker was certainly showing the signs of open hole flow.. with the data from those wells and kennedy it would be a good time to go to the market post kennedy. At the agm, the strategy stated then was to get the first well, kennedy 1H on production then the jvp's would have to eventually go to the market and raise capital and adi indicated they would look at a balance of capital raising and debt, and then proceed with the forward well program.

prawn,

i can put you on ignore, so i have to unfortunately take you on again..

thanks for the time you took on going through all my posts, may do the same for you soon

the falling share price is not going to change my view on the play, if your going to criticise the sp, then do so, but leave me out of it, i have posted all the reasons for me staying in the investment and holding, yet that seems to draw your attention and you feel as a moderator its vital for you to single me out for being confident in my decision. regardless of the sp, regardless of the stock market turmoil , i will hold this stock for the outcome of the sugarkane.. end of story prawn..

i support anyone with conviction prawn, with balls, and i look at people who have large holdings in the share and they have conviction to hold and buy more.. i also do the same, add some more.. and if the price falls to .10 then i will be adding all the way to that level..

can you please stick to the topic, you have not posted anything where i have said its a sure thing, and conveniently you have not posted the posts where i have a had a red hot go at adi, nor posted the high risk high reward statements.. and lastly,, this forum is not for financial advice, i try my utmost to post IMHO and DYOR.. you have never posted that in your attacks on me personally.. so prawn, i put you on notice, all my comments are IMHO and DYOR ok..

I notice that your not critical of anyone buying the share i see prawn, your only critical of me personally for holding a stake of my portfolio in this share..

so prawn, on topic please. this part i am interested in, can you please answer my question to you on the seismics that COP are using, you seem to know about them..

"Seismic data and GPR has been proven to not have the most accurate track record."


mick ..

well what was stopping texas crude from buying up the leases and farming out to the jvp's, that would seam to be the right thing to do buy the jvp's, and not stand by watch cp take them up.
somethink just seams amiss with all this and it's costing me and others dearly.

re- kude#1 5000 cfpd that is far from commercial, if you put a small enough choke on a well it is going to last a lot longer than if it was open full, do you see where iam coming from.?

if they put a bigger choke on kude #1 it would not run at 5000cfpd.

mick


the first part of what you said has already happened, the sugarloaf AMI jvp was exactly that, the TCEI gave 20,000 acres to the jvp, it was not the same acres that our jvp had for the hosston sands target, that deeper target basically went under the edwards and towards the kunde wells, i think the bigger part was in live oak.. put it this way, if the hosston sands was a comemrcial success, the deep wells would be drilled right on the same site at the kunde wells, and we would own the minerals for the deeps below edwards somewhere and beyond, and the shallows, the chalks mineral rights would be in the hands of concocphillips.


further to what your saying mick, TCEI has worked extensively in live oak and karnes bee and atascosia. they have secured a lot of land, and have farmed out to form other jvp's. conocophillips has also done their own lease buying, and they have extended through live oak into ganzales and de witt..

its a dog eat dog menatlity in texas, and TCEI does not owe the jvps anything, they formed the jvp to test the deep target, later they gave the jvp an opportunity for 20,000 acres on the sugarkane, and i personally think they gave that in return to stop the jvp form going out and doing exactly what you have said they should have done. chase the acreages themselves,, you may notice none have done so, so my view is that they simply cant... the jvp got into this play by chance, pure luck mick, dont forget that.. the fact its taking years for conoco and tcei to put this together doesnt matter to me, i have my own views on the risk reward, and have my position, i will hold for the outcome. as long as conoco is there, so am i..

re the vertical kunde 1, the well has so far brought back 3.2 million to conocophillips in 12 months. and thats in zone 1. they have not opened up zone 2 or 3 yet. the well had a 40% decline then steadied.. they are looking at the play in terms of horizontal wells currently..

all imho and dyor

 

[mick z]

thanks for the post agentm,

in a way i wish cp would make an offer for our 20% interest. say $100mil would be nice. lol
then we can move onto ac/p32 which i have high hopes for.

drilling logged in for july.

we just can't keep on with all these delays it's killing the sp
and that's what it is all about the sp, i really don't care what cp are doing, ADI need results and now.

mick

 

[Lucky_Country]

Mick Z $100 million ?
Multiply that by10 maybe but AgentM wouldnt accept that after all his hard work.