ADI - Adelphi Energy

[Agentm]

"The well is now shut in and being pressure monitored. The fracture stimulation is scheduled to commence on Friday 9th May, depending on equipment availability."

dont always assume everything went to plan.

anyone noticing the recent changes in the top 20, its a cosy family in there and a lot of extremely confident players in that crowd.

 

[tarzanhey]

"The well is now shut in and being pressure monitored. The fracture stimulation is scheduled to commence on Friday 9th May, depending on equipment availability."

dont always assume everything went to plan.

anyone noticing the recent changes in the top 20, its a cosy family in there and a lot of extremely confident players in that crowd.

Hmm Agentm are you saying that they have not started?

Or that they did not start Friday?

How long do you think it will take them to complete one frac section?

 

[Agentm]

Hmm Agentm are you saying that they have not started?

Or that they did not start Friday?

How long do you think it will take them to complete one frac section?

my view is that the addition of the term "depending on equipment availability" must be taken into consideration if your trying to suggest the operation had commenced.

not aware of timings, but i imagine the frac will not be a big operation, days not weeks on this one imho..

the amount of leases going through in karnes county continues to be staggering, i am hearing the brokers see karnes county as one of "the hottest counties" and the court houses are jammed with crews scouring the lease records. its extremely active to say the least, there is not a landowner in karnes not aware of what is happening.. i saw a geologist website in the us that had mr paul bordovsky discuss his family's ranch where the conoco rig is drilling right now, they were discussing the availability of drilling core samples with other geologists, anyways some clown went on there trying to get info on bordovsky and he asks if its agent m!! imho there are many landowners in texas investing in the jvps..

 

[tarzanhey]

my view is that the addition of the term "depending on equipment availability" must be taken into consideration if your trying to suggest the operation had commenced.

not aware of timings, but i imagine the frac will not be a big operation, days not weeks on this one imho..

the amount of leases going through in karnes county continues to be staggering, i am hearing the brokers see karnes county as one of "the hottest counties" and the court houses are jammed with crews scouring the lease records. its extremely active to say the least, there is not a landowner in karnes not aware of what is happening.. i saw a geologist website in the us that had mr paul bordovsky discuss his family's ranch where the conoco rig is drilling right now, they were discussing the availability of drilling core samples with other geologists, anyways some clown went on there trying to get info on bordovsky and he asks if its agent m!! imho there are many landowners in texas investing in the jvps..

Yes I spotted that - It seems you are world famous! keep up the good work and research. there are many of us investors - and maybe also it seems Landowners who are following your research.

Fingers crossed for Kennedy!

cheers


tarz

 

[Lucky_Country]

Waiting waiting !
Well no news is good news imo hopefully they are digesting the flow rates they are getting so they can give a good acurate announcement too the market.
If flow rates were no production they may have released the info by now of course they may have had a delay on the arrival of equipment but feel it has been planned well in advance.
Time will tell.

 

[Agentm]

Lucky_Country

you are assuming the well has been fraced, yet there is no news forthcoming, imho if a frac had happened, good or bad the news would be out by now..

as for delays on the frac, that is speculation only..

my view is when it happens it happens, there are 4 zones they are to test, and no one is privy to the logs or can tell anything from now till the operation is completed.

the advantage to adi is that the zone 2 region is not a factor in its sp, so any flow from these chalks will do two things, it will greatly improve the reserves that the jvp can attribute to the result, and it would also give great support to zone one being equally prospective..

on the downside, if the middle zone is not productive, it has no bearing on the upper zones prospectivity as the two horizontals., one open hole, and one completed completely wrong, have both got commercial flow without stimulation. so in essence the sp has not got any value in it for zone 2, so any failure in the well would imho not be a factor in the prospectivity of zone 1. but markets react differently to news dont they!


i think the way kunde 3 has been able to get great flow, with a well that is identical to kennedy and cemented and completed the wrong way, shows that unstimulated chalks are showing great connectivity to wells thus far, even the vertical kunde 1 has been demonstrating flow on the frac of the chalks. the kennedy well could be a good place to learn as much as possible on the middle chalks, and what high matricx chalks can do in the horizontal..

although not ideally what the jvp had wanted, there is plenty that this appraisal well can deliver. on one hand it can deliver some pretty amazing results if the chalks react to fracture and stimulation, and it has already answered a lot of things on well design, and completions and will give invaluable data on the chalks also..

further wells are already on the drawing board, regardless of this result the zone 1 region is going to be explored by the jvp..

upside good.. and failure should not nessesarily have any impact on the prospectivity of having 20% of 3tcf and 500mmbbls in zone 1..

 

[Lucky_Country]

Waiting waiting waiting !
Wonder if we will get some kind of weekly update today just like the good old times 2 years ago !
The middle zone could really give us a boost and am looking forward too seing their drilling program for the 3rd Qtr that should shed some light on how much they rate their block.
Fraccing would hopefully at least be underway by now and results forthcoming I hope !

 

[resourceboom]

Sorry mate, can't remember, wasn't the 3tcf & 500mmbbls for the defined sugarkane 200K acres, and not our 20K acres?

should not nessesarily have any impact on the prospectivity of having 20% of 3tcf and 500mmbbls in zone 1..

 

[Agentm]

yes thats correct.. we have 10% of the 200,000 acres and in terms of wi we currently have 20% of that.

 

[mick z]

agentm, you said currently we have 20% wi.

are you trying to tell us somethink ????? lol

mick

 

[speculator101]

ADI - Adelphi Energy - ARQ creep?

Hi All. Just wondering why ARQ has not purchased more of ADI if it has such a bright future?

I know it has a large holding, and must either make a bid for the company, or 'creep' buy more shares. Has it done this in the past? Or is it allowed to...etc?
Im assuming if it did start buying more, then the sp would indeed go crazy.

IMHO.

And yes, i have held on for a looonnnnggg time.

 

[Agentm]

that question is best answered by arq management and its shareholders wouldnt you think? its their investment after all.

 

[speculator101]

I fully agree and understand that Agentm, I was more just postulating why ARQ might not want to get a little more involved; perhaps due to the possible takeover offer from AWE, or, simply because it would seem from your and others commentary that ADI has a great future. Sorry if this post is off topic of just ADI.

Anyway, Im just waiting like the rest of the holders..... FOR NEWS!!

IMHO

 

[nioka]

Re: ADI - Adelphi Energy - ARQ creep?

Hi All. Just wondering why ARQ has not purchased more of ADI if it has such a bright future?

I know it has a large holding, and must either make a bid for the company, or 'creep' buy more shares. Has it done this in the past? Or is it allowed to...etc?
Im assuming if it did start buying more, then the sp would indeed go crazy.

IMHO.

And yes, i have held on for a looonnnnggg time.

Just speculation ........but suppose the directors of ADI are holding ADI as an oiler investment which they will still have if ARQ is taken over by another company that may not want them to continue. They may not want ARQ to have a larger share at this stage.

ADI is fairly tightly held with ARQ having a good share and the next top shareholders in for the long haul. If ARQ started buying the price would rocket.

Just my opinion. Not based on any particular facts that are not readily available. DYOR

 

[cicak_kupang]

Though id post the top 20 s holders here for quick ref. I'll post the top 20 every so often so we can see who the movers are.. / changes...


Top 20 Shareholders
As at 10 May 2008

Rank Shareholder Total Units
1 ARC Energy Limited 33,900,000
2 ANZ Nominees Limited (SL Cash Income 4SF A/C) 4,309,900
3 SG Growth Equities Limited 2,351,500
4 Mr Alexander Forcke 1,516,667
5 Citicorp Nominees Pty Limited 1,500,332
6 Rotherwood Enterprises Pty Ltd 1,259,100
7 Beech Grove Pty Ltd 1,241,027
8 Rocket Science Pty Ltd (Trojan Retirement Fund A/C) 1,200,000
9 Christine Mary Streitberg 1,200,000
10 Libbit Holdings Pty Ltd (Bitomsky Super Fund No. 1 A/C) 1,155,999
11 Mr Graham Douglas Riley & Mrs Anne Marie Riley 1,016,667
12 Mr Thomas Brian Cannon 880,000
13 ANZ Nominees Limited (Cash Income A/C) 820,484
14 Michael Craft Pty Ltd (Superannuation Fund Account) 800,000
15 Merrill Lynch (Australia) Nominees Pty Limited 733,215
16 JJNA Super Pty Ltd 716,667
17 Mr Paul Nagle & Mrs Jacqueline Terri Nagle 700,000
18 Taperslee Pty Ltd 614,719
19 Hot Springs Pty Ltd 600,000
20 Rocket Science Pty Ltd (Trojan Capital Fund A/C) 536,151
TOTAL 57,052,428

 

[Agentm]

i know the topic has not been on kennedy, but imho despite the fact there have been discussions here on arq, i feel the point is being missed..

there is a well being fraced in texas.. does anyone have aview on the implications of what zone 2 would have if it proved a success?

 

[tarzanhey]

i know the topic has not been on kennedy, but imho despite the fact there have been discussions here on arq, i feel the point is being missed..

there is a well being fraced in texas.. does anyone have aview on the implications of what zone 2 would have if it proved a success?

SORRY I HAVE ADDED ANOTHER POINT (8) AND ENDED UP WITH ANOTHER POST - NOT INTENTIONAL.

I have - After the negative announcement put out about the frac commencement it is hard for some people to see what it really could do.

implications of what zone 2 would have if it proved a success

1. It will the first commercial find, proven for the Aussie JVP on Block B - making ADI a producer.
2. It could, by proving up zone 2 as commercial, effectively double the value of the play in an instant.
3. Spark off the forward drill plan - in the style of Couches (100 wells to get this oil out).oil rich, gas, condensate?
4. Increase the chances of zone 3 being commercial.
5. If this zone proves a success it will bring the attention of the market to the whole play over our acreages.
6. I have always held the feeling that zone 2 could be the biggie - since I think Charles Couches famous page on the Website was around the zone 2 area and no logs ever saw the light of day from that area (only my opinion and maybe wrong),that is what sparked the removal of Couch from view
6. Ground Hog day will be over.
7. Agentm will be arranging a party somewhere in Thailand.
8. Edit I forgot another important = very important point - It will mean we can produce without a natural fracture from the chalks !!!!!

Tarzan

 

[Agentm]

KENNEDY-1H OPERATIONAL UPDATE


Further to our release of 7 May, 2008 Adelphi Energy Limited (Adelphi) advises that an approx. 600 foot zone at the bottom of the Kennedy-1 horizontal well was hydraulic fracture stimulated (fracced) on 14 May, 2008.
The frac went according to plan and by 18 May a total of approx. 940 bbls of fracfluid had been recovered, with 4,480 bbls still to be recovered. In addition to the frac fluid some 30 bbls of condensate and minor quantities of gas were also recovered.

The current operation is preparing to set a packer and production tubing which will facilitate efficient flow from the well.

The significance of the condensate and gas recoveries and the implication for
potential flow rates will not be known until all frac fluids are recovered. This may take several days.

Further releases will be made on completion of the testing operation or beforehand if there is significant news to report.


in a few days the well will be flowing on its own. interesting to see the fracture of the chalks has been a success. There is definately pressure in the well and they are getting the frac fluids to return.. i remain positive on this one.

 

[blues]

All loking good imo. They are getting condensate while still cleaning up which has to be seen as positive as well as successfully fraccing the chalks.

 

[maverick11]

The current operation is preparing to set a packer and production tubing which will facilitate efficient flow from the well.

This one has me intrigued agentm. I wonder if they're making commercial implications. If this flows commercially from zone 2, this will be very exciting indeed!!