ADI - Adelphi Energy

[Agentm]

Calling AgentM - I need your opinion (or anyone else for that matter).

What is going on today? Nearly 2 million shares traded so far today. Virtually all at 0.225. I can understand that there could be sudden interest in this even though there is no news to suggest it. What I can't understand is, where have all the sellers come from?

This was tightly held, then all of a sudden, plenty of sellers to accomodate the buyers at 0.225???

Doesn't make a lot of sense to me - but what would I know?

hey iceman..

any comment on the 2 mill trades would be speculation..

i would say top 3 or 4 must be involved..

 

[Lucky_Country]

We have been through the crossed trades scenario before late last year if I remember correctly.
Not entirely sure but think it may have happened just before they started drilling K1 so with that in mind maybe testing K1 will be almost upon us.
Good luck too all holders there is light at the end of the tunnel imo

 

[Agentm]

Meridians Drees well, a horizontal well next to conoco's Bordovsky well is worth keeping an eye on. two miles west of the conoco well..

the Drees well is a chalks well, and if you research meridian you will see they have an extensive history in chalks. I wont comment too much on the leases in the region just yet, but it makes for interesting research if you look at meridian resources. they have announces several jvps in the chalks basin on their website. they have extremely successful wells in polk county..

nice to see another experienced explorer on the austin chalks scene in karnes county

 

[Agentm]

We have been through the crossed trades scenario before late last year if I remember correctly.
Not entirely sure but think it may have happened just before they started drilling K1 so with that in mind maybe testing K1 will be almost upon us.
Good luck too all holders there is light at the end of the tunnel imo

i think conoco is taking a serious look at things.. they tend to do things at their own pace..

this is the 2d seismics they have done in the region.. pretty comprehensive and i am told they have begun, and continue to still be doing, a 3D seismic of the region also..

 

[blues]

What about doing some testing?? Would have thought they have had enough time to get things sorted at Baker & Kunde and get testing under way. Anyone heard anything on the testing front?

Cheers

 

[Agentm]

the only ones who really know that are the operators of those wells, conocophillips.

imho baker is about to test, but as for kunde 3, i couldnt even hazard a guess on that front.

 

[Agentm]

next permit is the hawthorn permit,

they have done extensive seismics in the region there..

6 or so miles north of our wells, right on the edge of our leases..

benyon is the name.. as its that close to our leases i will again be keeping a close watch there..

 

[fflintoff]

From AUT

"Since the effective completion of leasing activities in late 2007, the Sugarkane and Sugarloaf participants have been independently working to determine the best way to develop and produce this unusual and potentially significant new discovery.

Austin Chalk fields are generally developed using horizontal wells with reservoir stimulation (hydraulic fracturing), however each new field development has critical differences relating to the local characteristics of the reservoir. These differences are important economically and are established through the application of Austin Chalk engineering expertise and systematic evaluation of drilling and stimulation methodologies. For classic Austin Chalk fields this optimisation process has taken several years. The Sugarloaf participants are fast-tracking the ‘learning curve’ for the Sugarloaf Project by drawing upon the best available knowledge and personnel. Recent application of consultants with relevant experience in Austin Chalk field development are preparing the plans for commencement of the next phase of development. These plans will require the drilling of further horizontal wells and appropriate stimulation of the Kennedy-1 Horizontal well."

 

[Agentm]

besides the very interesting webcast from meridian, the press release does mention this...

http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=1440&to=cp&Nav=0&LangID=1&s=0&ID=4630

http://www.tmrx.com/press_releases/


"Levering off the knowledge and experience of the Company in this play, the Company has expanded beyond its currently established boundaries to explore and test acreage located in two separate south-central Texas areas. Meridian is building leasehold positions and has budgeted four test wells in these areas for calendar year 2008. It is anticipated that in these areas, the production will have a higher liquid (oil) content than its current production in the initial wells in east Texas. The expanded play areas are unproven and in the early stage, therefore, as they are tested, the Company will release additional details on these opportunities as they develop."


higher liquid than the current wells they have, which have exceptional liquids!!

i listened to the webcast and i feel they are also discussing another play in the area, one i think relates to something pioneer has recently discovered.. we shall see in the future if its also in our acreages i gather..

so with meridian conoco in the wesrt and east, meridian in the east, hawthorn in the north, and pioneer in the south, and the karnes county and its neighbours having the heaviest activity in lease buying in texas.. i think we are in the thick of it alright.. exciting days ahead imho..

all imho and DYOR

 

[Lucky_Country]

News seems too be slowly filtering out regarding the Sugarkane play hopefully this is a sign that things will start too move in the area.
Regarding the jvp well it will be interesting how they will develop this play if K1 a sucess it has been 5 months almost since the drilling of K1 moves must be imminent surely I have a mortgage too ADI !

 

[Agentm]

frac for kennedy and new well..

nice way to start the week..

time for the fun to begin and relief for the investors..

 

[Sean K]

frac for kennedy and new well..

nice way to start the week..

time for the fun to begin and relief for the investors..

Fun? FUN??? You have been running with this for some time AM and the only 'fun' people might have had is if they'd been able to short it.

I think you must start to question your investment decision with this stock.

Not that I am a qualified advisor or anything.

Just a concerned member of this investment community.

 

[blues]

Hi Agentm,

What do you mean "frac for kennedy and new well.."? Havent seen anything announced??

Sure hope that is right.

Cheers

 

[blues]

Have just read todays announcement from AUT and answered my own question. Looks like we might finally get some movement.
Thanks.

 

[Lucky_Country]

AgentM is correct as he said check out AUT presentation.
Last chance too get some ADI at these levels.

 

[Sean K]

Last chance too get some ADI at these levels.

Rediculous statement. Please justify this with some facts and figures. Really, really, testing the boundries here...

 

[Agentm]

hey blues..

sugarloaf will go horizontal, and the kennedy well will now be fraced.

more wells to go after..

if you follow AUT, and look at their presentation its pretty well covered..


The Operator is preparing a frac design of the #1 Kennedy and a proposal for drilling a new well at Sugarloaf soon. Additional wells will follow.

 

[Lucky_Country]

Rediculous statement. Please justify this with some facts and figures. Really, really, testing the boundries here...

Watch and learn !
Pure speculation will drive the sp upwards let alone positive results and being put into production seems like all is go now.

 

[Agentm]

the presentation is very informative, and for me its the first one that is really getting into the production potential of this formation.

conocophillipshave done extensive 3d's and seeing them in the presentation is good to see, the jvp can use their data from that to decide on where to drill the next wells, but we will see sugarloaf now go horizontl, which will mean 2 horizontals in a the near term fully completed. i have not seen the permit for sugarloaf as yet, but imagine it will use the patterson rig that is practically finished in de witt county.

using the meridian resources wells as comparisons in polk county is very interesting ,they have almost identical formations there.. and have had brilliant success there.. i recommend listening to their webcast from the 13th march, and reading their webiste.. they are very capable, and welcome operators on the sugarkane in karnes county..

http://www.tmrc.com/home/

 

[Sean K]

Watch and learn !
Pure speculation will drive the sp upwards let alone positive results and being put into production seems like all is go now.

Like betting at the casino?

Again....rediculous statement....

Into production on what? Someone elses field?