ADI - Adelphi Energy
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Can you clarify something for me over on advfn bb about the use of the word vertical in TK's rns. See my posts from aroundsJust like to wish all you ADI holders GOOD LUCK for the coming day.
I hope the EME RNS will stop some of the doubting thomas's Kennas and prawn, sushi, melua etc etc etc.
Hope I dont get banned for mentioning the moderators - no offence guys!
Many thanks to AgentM - fantastic work and research over the last year and a half. _ I never doubted you mate.
This is just the beginning - we still have a long way to go.
hmm
Commercial - Major find - I like the sound of that.
Cheers all
Tarzan
I hope the EME RNS will stop some of the doubting thomas's Kennas and prawn, sushi, melua etc etc etc.
Hope I dont get banned for mentioning the moderators - no offence guys!
Many thanks to AgentM - fantastic work and research over the last year and a half. _ I never doubted you mate.
This is just the beginning - we still have a long way to go.
hmm
Commercial - Major find - I like the sound of that.
Cheers all
Tarzan
rub92me
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Pre-open market depth doesn't indicate a massive rise for ADI at this stage. It could take a good while for confidence to return for this. 
Sean K
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LOL Tarzan. I hope it opens well up, and follows through. Just a note though, EME is not ADI. Obviously searching in the same ballpark, but, doesn't mean it's a slam dunk! Pretty damn positive though. All the best, kennas
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hey tarz..
great to see eme get a good day for once, and what tom kelly is saying about the chalks, and the wells to come being far better producers.. not that the expected fantastic flow rates at baker are in any way less than spectacular given the circumstances of the well..
Commenting today, Empyrean Executive Director Tom Kelly said "The
importance of this comparison is that Empyrean's TCEI JV Block A-3
well has approximately 2800 feet of horizontal and a much higher
equivalent production rate per thousand feet of horizontal well
indicating that at the Sugarloaf Project there is every chance that
better production rates may be able to be gained by increasing the
length of the horizontal portion of the wells."
the meridian resource company (TMR on the NYSE) has 20,000 acres in a 50% partnership with "another major operator" and they say they will do dual lateral horizontals, 6000 feet each.. and 100 wells.. they expect 7 - 15 years on the wells.. all similar talk to the AUT announcement last week..
our jvp will fire up and start announcing dates for kennedy very soon, and i feel a forward well program also.. there is no way they will hang back any more, as the Baker 2800 foot horizontal that is nearly half the size of the Kennedy well, it is looking great for the longer wells that may have the ability to connect to 3 or so natural fractures.. and dont forget the natural high porosity of these wells allows them to be productive on the high matrix porosity factor alone without fractures as kunde 1 has shown..
so unlike gidding or pearsall wells, it may be that the sugarkane wells will be producing for a long time on the high matrix porosity that all the wells have reported...
very positive indeed, look forward to the news as it gets released
great to see eme get a good day for once, and what tom kelly is saying about the chalks, and the wells to come being far better producers.. not that the expected fantastic flow rates at baker are in any way less than spectacular given the circumstances of the well..
Commenting today, Empyrean Executive Director Tom Kelly said "The
importance of this comparison is that Empyrean's TCEI JV Block A-3
well has approximately 2800 feet of horizontal and a much higher
equivalent production rate per thousand feet of horizontal well
indicating that at the Sugarloaf Project there is every chance that
better production rates may be able to be gained by increasing the
length of the horizontal portion of the wells."
the meridian resource company (TMR on the NYSE) has 20,000 acres in a 50% partnership with "another major operator" and they say they will do dual lateral horizontals, 6000 feet each.. and 100 wells.. they expect 7 - 15 years on the wells.. all similar talk to the AUT announcement last week..
our jvp will fire up and start announcing dates for kennedy very soon, and i feel a forward well program also.. there is no way they will hang back any more, as the Baker 2800 foot horizontal that is nearly half the size of the Kennedy well, it is looking great for the longer wells that may have the ability to connect to 3 or so natural fractures.. and dont forget the natural high porosity of these wells allows them to be productive on the high matrix porosity factor alone without fractures as kunde 1 has shown..
so unlike gidding or pearsall wells, it may be that the sugarkane wells will be producing for a long time on the high matrix porosity that all the wells have reported...
very positive indeed, look forward to the news as it gets released
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thanks for the kind words,
i am in the sugarkane for an outcome, and if i can use the words of the MD of Meridian and state what he says about the region, its very similar to Tom Kelly imho.. he expects better wells than baker, and his belief is that the Meridian Wells with dual laterals to produce 7 - 35 mmcfgpd and 1000 - 4000 Bopd and is talking 100 wells that they expect 7 - 15 years of production from if i hear him right..
as always,, all imho and dyor..
just a quick note,, oilsearch announced a sale to KSC Kuwait Energy Company thir interests in block 74!! so a new operator there for ADI..
very importantly the block 7 lease that sits a few miles off that massive oil discovery was not sold, and oilsearch remains operator there..
"The most noteworthy discovery from Adelphi's point of view is that OMV has commenced the development of its Al Nilam and Habban discoveries. This oilfield – believed to be a single large structure, is located just a few kilometres from Block 7. First oil production from the Al Nilam field commenced in late 2006 at a rate of 1,000 bopd through temporary production facilities. The field is expected to be developed in a staged process, with production rates to reach 32,000 bopd by 2009/10 while proven field reserves are 50 mmbbls and the field's production life will be about 20 years."
so oilsearch likes block 7 very very much, and hangs onto it..... i cant wait for that one to start myself..
i am in the sugarkane for an outcome, and if i can use the words of the MD of Meridian and state what he says about the region, its very similar to Tom Kelly imho.. he expects better wells than baker, and his belief is that the Meridian Wells with dual laterals to produce 7 - 35 mmcfgpd and 1000 - 4000 Bopd and is talking 100 wells that they expect 7 - 15 years of production from if i hear him right..
as always,, all imho and dyor..
just a quick note,, oilsearch announced a sale to KSC Kuwait Energy Company thir interests in block 74!! so a new operator there for ADI..
very importantly the block 7 lease that sits a few miles off that massive oil discovery was not sold, and oilsearch remains operator there..
"The most noteworthy discovery from Adelphi's point of view is that OMV has commenced the development of its Al Nilam and Habban discoveries. This oilfield – believed to be a single large structure, is located just a few kilometres from Block 7. First oil production from the Al Nilam field commenced in late 2006 at a rate of 1,000 bopd through temporary production facilities. The field is expected to be developed in a staged process, with production rates to reach 32,000 bopd by 2009/10 while proven field reserves are 50 mmbbls and the field's production life will be about 20 years."
so oilsearch likes block 7 very very much, and hangs onto it..... i cant wait for that one to start myself..
IMO the immediate test for ADI shares will be the K1H frac. Think about it this way - if last year, it hit natural fractures as reported a small distance away, we'd be into the 100c region, and have never looked back. The frac will take the shackles off ADI if they can hit something. Then as mentioned, it'll all be about the forward drilling program. To really get the interest in this up, we need a timely announcement from ADI that they've have locked in a crew and equipment, and more importantly a date. Realistically, we're no further out of the dark that we have been, just that we have a nice report from EME to get our hopes up. The play is 'in play' so to speak.
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totally agree..
i think the difference between our well using oil based mud and drilling overbalanced and Conoco drilling water based mud and drilling underbalanced and getting all sorts of strife when they hit a fracture, and ended the drill, as with baker, and it is a dissappointment not to see that well completed to 5000 feet, but the baker well has demonstrated some great numbers just on the open hole test on the 2800 feet they did drill..
kunde 3 will show what a 5000 foot horizontal does with multiple fractuires in the drill..
i am expecting a good result, and i look forwared to the days ahead as the jvp announce the frac of kennedy and get it done..
early days and very very promising.. and agreed, this major discovery is "in play"
i think the difference between our well using oil based mud and drilling overbalanced and Conoco drilling water based mud and drilling underbalanced and getting all sorts of strife when they hit a fracture, and ended the drill, as with baker, and it is a dissappointment not to see that well completed to 5000 feet, but the baker well has demonstrated some great numbers just on the open hole test on the 2800 feet they did drill..
kunde 3 will show what a 5000 foot horizontal does with multiple fractuires in the drill..
i am expecting a good result, and i look forwared to the days ahead as the jvp announce the frac of kennedy and get it done..
early days and very very promising.. and agreed, this major discovery is "in play"
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very informative report from UK bb,,
15.04.2008
Sugarloaf Starts To Look Very Sweet For Empyrean Energy And Its Shareholders As Shares Surge on Back Of Successful Well Test
Shares in AIM-quoted Empyrean Energy surged almost 90 per cent yesterday on news that a well on its Sugarloaf project in Texas has tested commercial quantities of gas and condensate. This was the first of five wells to test in the project area, with the TCEI JV Block A-3 well flowing 1.9 million cubic feet of gas per day and over 460 barrels of condensate per day, equivalent to a total gas flow rate of 6.5 million cfe/d. The AIM company described the find as “substantial and significant” in an announcement that triggered the shares to gain 16.5 pence by afternoon trading to stand at 35 pence.
The well, which was open hole tested in the upper part of the Cretaceous Austin Chalk formation, stopped drilling 2,700 feet short of the proposed depth because of the significant gas shows and flares encountered while drilling. This encouraged the operator to see if the well would flow without costly stimulation, which it has now successfully done. The well has been shut-in to conduct pressure and other reservoir data measurements. Investors, who have waited patiently for some good news from this multi-well programme which saw the first wells spud last Spring, will be keen for further updates to learn more about the potential of this find and what happens next to realize that potential.
The Sugarloaf partners are already comparing these early test results with similar fields in the area to work out the best completion techniques for production. Typical wells on the Brookeland field, for example, have horizontal sections of around 12,000 feet and flow 1.4 million cfe/d per thousand feet of horizontal section, which compares favorably to Empyrean’s well which has flowed 2.4 million cfe/d per thousand feet of horizontal section. Average initial flow rates at Brookeland exceed 16 million cfe/d.
“The importance of this comparison is that Empyrean’s TCEI JV Block A-3 well has approximately 2800 feet of horizontal and a much higher equivalent production rate per thousand feet of horizontal well indicating that at the Sugarloaf Project there is every chance that better production rates may be able to be gained by increasing the length of the horizontal portion of the wells,” said Empyrean executive director Tom Kelly. He pointed out that the choke was not fully opened and the well pressures were high.
Empyrean has just a 7.5 per cent working interest in the well but this could still prove material for the oil junior. After all, this is onshore gas in the Lower 48 close to existing infrastructure and with the added bonus of a high condensate stream, which will see the company cash in on US$100-plus oil prices.
What’s more, there are four more wells to test in the Sugarloaf project area, all of which encountered hydrocarbon shows. Attempts to fracture stimulate the TCEI JV Block A-1 well, which spudded last May, have proved problematic, with initial analysis suggesting poor contact between the casing holes and the reservoir: a higher calibre perforating gun may be brought in to gain better contact with the reservoir. The TCEI JV Block A-2 well will be tested using knowledge gained from the testing of the A-1 and A-3 wells.
The reason for taking a cautious approach to completing and testing the wells is that this is an Austin Chalk reservoir, which requires careful handling to get commercial flow rates from the fractured, brittle chalk. Horizontal wells are far better at delivering commercial flow rates from these reservoirs, which are often seen as providing a long term return on investment rather than quick bang for buck. Even so, these chalk reservoirs can be prolific: in the Austin Chalk, some 5tcf of gas and 600 million barrels of oil have been produced from the Giddings and Pearsall fields alone. Given the encouraging open hole results from TCEI JV Block A-3 well, it would seem Sugarloaf is not a typical Austin Chalk field and that could make this discovery even sweeter for Empyrean and its patient shareholders.
15.04.2008
Sugarloaf Starts To Look Very Sweet For Empyrean Energy And Its Shareholders As Shares Surge on Back Of Successful Well Test
Shares in AIM-quoted Empyrean Energy surged almost 90 per cent yesterday on news that a well on its Sugarloaf project in Texas has tested commercial quantities of gas and condensate. This was the first of five wells to test in the project area, with the TCEI JV Block A-3 well flowing 1.9 million cubic feet of gas per day and over 460 barrels of condensate per day, equivalent to a total gas flow rate of 6.5 million cfe/d. The AIM company described the find as “substantial and significant” in an announcement that triggered the shares to gain 16.5 pence by afternoon trading to stand at 35 pence.
The well, which was open hole tested in the upper part of the Cretaceous Austin Chalk formation, stopped drilling 2,700 feet short of the proposed depth because of the significant gas shows and flares encountered while drilling. This encouraged the operator to see if the well would flow without costly stimulation, which it has now successfully done. The well has been shut-in to conduct pressure and other reservoir data measurements. Investors, who have waited patiently for some good news from this multi-well programme which saw the first wells spud last Spring, will be keen for further updates to learn more about the potential of this find and what happens next to realize that potential.
The Sugarloaf partners are already comparing these early test results with similar fields in the area to work out the best completion techniques for production. Typical wells on the Brookeland field, for example, have horizontal sections of around 12,000 feet and flow 1.4 million cfe/d per thousand feet of horizontal section, which compares favorably to Empyrean’s well which has flowed 2.4 million cfe/d per thousand feet of horizontal section. Average initial flow rates at Brookeland exceed 16 million cfe/d.
“The importance of this comparison is that Empyrean’s TCEI JV Block A-3 well has approximately 2800 feet of horizontal and a much higher equivalent production rate per thousand feet of horizontal well indicating that at the Sugarloaf Project there is every chance that better production rates may be able to be gained by increasing the length of the horizontal portion of the wells,” said Empyrean executive director Tom Kelly. He pointed out that the choke was not fully opened and the well pressures were high.
Empyrean has just a 7.5 per cent working interest in the well but this could still prove material for the oil junior. After all, this is onshore gas in the Lower 48 close to existing infrastructure and with the added bonus of a high condensate stream, which will see the company cash in on US$100-plus oil prices.
What’s more, there are four more wells to test in the Sugarloaf project area, all of which encountered hydrocarbon shows. Attempts to fracture stimulate the TCEI JV Block A-1 well, which spudded last May, have proved problematic, with initial analysis suggesting poor contact between the casing holes and the reservoir: a higher calibre perforating gun may be brought in to gain better contact with the reservoir. The TCEI JV Block A-2 well will be tested using knowledge gained from the testing of the A-1 and A-3 wells.
The reason for taking a cautious approach to completing and testing the wells is that this is an Austin Chalk reservoir, which requires careful handling to get commercial flow rates from the fractured, brittle chalk. Horizontal wells are far better at delivering commercial flow rates from these reservoirs, which are often seen as providing a long term return on investment rather than quick bang for buck. Even so, these chalk reservoirs can be prolific: in the Austin Chalk, some 5tcf of gas and 600 million barrels of oil have been produced from the Giddings and Pearsall fields alone. Given the encouraging open hole results from TCEI JV Block A-3 well, it would seem Sugarloaf is not a typical Austin Chalk field and that could make this discovery even sweeter for Empyrean and its patient shareholders.
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agentm been vindicated? You guys must also believe in the tooth fairy. If Kennedy flows commercially and the share price is $1+, then you can be justified in saying agentm has been vindicated.
Allways the critic. ( unless it is something good to say about ZFX). Do you have the credentials to have a comment on ADI or agentm?...
Lucky_Country
Formerly known as ijh
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Well he aint been wrong yet his timing may have been a bit out but we will all see his research proven soon.
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hey nioka,
was thinking about you these last days, wondering if you are weaving your way between the AUT - ADI stock.. not asking if your still doing it, but i have admired the way you have added value as the two have fallen away during this long phase of delay...
I am monitoring all the chalks wells closely myself, hooks, buchhorn, baker, bordovsky, drees, benyon. These are wells that are adjacent to our acreages and also the extended acreages of AUT... If i am seeing sugarkane type results in those wells i will pm you and let you know..
2 things i am aware of, after examining the well logs on some of the 11 vertical wells anounced as having intersected the chalks, its clearly obvious that the high matrix porosity and overpressurised chalks in our region (identical to east texas chalks with exception of the chalks there having lower condensate), or the "sugarkane" as its been called by conocophillips, has to be explored by the jvp. it would be irresponsible not to explore the region, and its impossible for them to be anything but as excited as Tom kelly was the other day, and to go forward and explore and appraise the "major discovery" in the austin chalks.
exploration wells will have to be drilled, and the exploration apprasal phase will continue. I have no doubt in my mind that kunde 3 will be an extremely impressive well, just as baker is. they reported that kunde 3 was like baker, trying to flow back whilst drilling.. and kunde 3 is 5000 feet not 2800 feet..
we will have a few days more of ground hog days until the kennedy frac is announced, imho the conocophillips plan will be to frac kunde 3 next. i am of the opinion that a slight delay for that result would be of considerable benifit to the frac design at kennedy.. but we will see soon enough which well goes first.. but i am convinced that the kennedy frac and a forward well program is partially what we are about to hear about.. as AUT said "soon" .. as well as a lot of other projects which are also moving ahead..
was thinking about you these last days, wondering if you are weaving your way between the AUT - ADI stock.. not asking if your still doing it, but i have admired the way you have added value as the two have fallen away during this long phase of delay...
I am monitoring all the chalks wells closely myself, hooks, buchhorn, baker, bordovsky, drees, benyon. These are wells that are adjacent to our acreages and also the extended acreages of AUT... If i am seeing sugarkane type results in those wells i will pm you and let you know..
2 things i am aware of, after examining the well logs on some of the 11 vertical wells anounced as having intersected the chalks, its clearly obvious that the high matrix porosity and overpressurised chalks in our region (identical to east texas chalks with exception of the chalks there having lower condensate), or the "sugarkane" as its been called by conocophillips, has to be explored by the jvp. it would be irresponsible not to explore the region, and its impossible for them to be anything but as excited as Tom kelly was the other day, and to go forward and explore and appraise the "major discovery" in the austin chalks.
exploration wells will have to be drilled, and the exploration apprasal phase will continue. I have no doubt in my mind that kunde 3 will be an extremely impressive well, just as baker is. they reported that kunde 3 was like baker, trying to flow back whilst drilling.. and kunde 3 is 5000 feet not 2800 feet..
we will have a few days more of ground hog days until the kennedy frac is announced, imho the conocophillips plan will be to frac kunde 3 next. i am of the opinion that a slight delay for that result would be of considerable benifit to the frac design at kennedy.. but we will see soon enough which well goes first.. but i am convinced that the kennedy frac and a forward well program is partially what we are about to hear about.. as AUT said "soon" .. as well as a lot of other projects which are also moving ahead..
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For all the great spruiking of ADI, the share price is 27c. It was also good buying at 60c, 50c, 40c, even 35c if I recall. This stock is a dog with fleas. There is no denying that. Just look at the graph. A ski slope downwards of Whistler type proportions.
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from the ARQ website
http://www.arcenergy.com.au/files/brokerreports/Hartleys%207%20April%202008.pdf
just some interesting opinions from hartleys, they reviewed ARQ and gave their opinions on the ADI aspect of ARQ, whom are the major shareholder and holds 32% of the ADI shares..
http://www.arcenergy.com.au/files/brokerreports/Hartleys%207%20April%202008.pdf
just some interesting opinions from hartleys, they reviewed ARQ and gave their opinions on the ADI aspect of ARQ, whom are the major shareholder and holds 32% of the ADI shares..
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Lucky_Country
Formerly known as ijh
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2008 the year of ADI ?
Very busy year for ADI and with Kennedy 1, Wisteria, and the long forgotten New Taiton news flows could come thick and fast.
New Taiton is the real interesting one as news was positive and has long been forgotten.
AgentM has kept us all up too date on Kennedy and we may be nearing some results in the near term.
Very busy year for ADI and with Kennedy 1, Wisteria, and the long forgotten New Taiton news flows could come thick and fast.
New Taiton is the real interesting one as news was positive and has long been forgotten.
AgentM has kept us all up too date on Kennedy and we may be nearing some results in the near term.
Well it did give you a chance to get in on a winner cheaply. I have traded my way with them and those I hold are "free carry" and I still have some change to get a few more. Are you a holder or just a cynic?
The relative prices of ADI, AUT and EKA have been constant for a while now and the opportunity for any benefit has not been there as it has been in the past. I'm still looking for any opportunity.
doctorj
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Has anyone considered the impact of AWE's play for ARQ on ADI? If I recall correctly, ARQ has about 32% of ADI.
