ADI - Adelphi Energy
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Lucky_Country
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156 pages 156 wells at Sugarloaf maybe 
Personally I feel its now showtime and let the games begin.
Good luck to all holders.
Personally I feel its now showtime and let the games begin.
Good luck to all holders.
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adi has had a great day on the back of the broker report that is obviously being taken very very seriously by peter strachans clients. this is the first broker report for nearly two years!!
peter basically states things like
"StockAnalysis has little doubt that this play will work"
and rates the POS (probability of success) at 45% in the development wells on the play..
there is much quality in the report not only on the sugarkane, but also on wisteria.. he believes success at the deeper Plover target would more than underpin Adelphi’s current market capitalisation, while the shallower pinch-out prospect holds upside of up to and over $2.50 per share
i think the report has had a great influence on the buying today, and anyone wanting to dump out and get a tax advantage has had ample opportunity today..
lots of news to come in the near term with the kennedy well being fraced to bring up production.. and the kowalik horizontal about to spud in the next weeks..
peter basically states things like
"StockAnalysis has little doubt that this play will work"
and rates the POS (probability of success) at 45% in the development wells on the play..
there is much quality in the report not only on the sugarkane, but also on wisteria.. he believes success at the deeper Plover target would more than underpin Adelphi’s current market capitalisation, while the shallower pinch-out prospect holds upside of up to and over $2.50 per share
i think the report has had a great influence on the buying today, and anyone wanting to dump out and get a tax advantage has had ample opportunity today..
lots of news to come in the near term with the kennedy well being fraced to bring up production.. and the kowalik horizontal about to spud in the next weeks..
Lucky_Country
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Certainly would not want to miss out on the next 6 months with ADI.
EKA also got a lift from the report and about time all long term holders got rewarded for the long wait.
Id rather be in than out !
EKA also got a lift from the report and about time all long term holders got rewarded for the long wait.
Id rather be in than out !
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the next few weeks are the most interesting ones..
TCEI is now on an agenda to do an aggressive frac in zone 2, the jvp's prime objective right now is to have good steady flow of condensate and gas from the rock purely on the mechanics of an artificial frac, the high matrix porosity and permiabilty of these chalks that are laden with 58 gravity (60 is as good as gets) condensate will be nothing short of spectacular.. it will mean any well that hits natural frctures will have easily 7 - 15 years life as the wells can be fraced further to access all the reserves in the rock matrix.. 70% is a figure i have seen.. any well not hitting fractures will be in a very good position and as with kennedy, they are getting the science right to get commercial flow in any case with artificial fractures..
as kennedy is on a program for immediate frac on the back 600 feet of well, the zone 2 news look remarkably near.. that will sure get the sp to fly!
good luck to all holders all imho and dyor
TCEI is now on an agenda to do an aggressive frac in zone 2, the jvp's prime objective right now is to have good steady flow of condensate and gas from the rock purely on the mechanics of an artificial frac, the high matrix porosity and permiabilty of these chalks that are laden with 58 gravity (60 is as good as gets) condensate will be nothing short of spectacular.. it will mean any well that hits natural frctures will have easily 7 - 15 years life as the wells can be fraced further to access all the reserves in the rock matrix.. 70% is a figure i have seen.. any well not hitting fractures will be in a very good position and as with kennedy, they are getting the science right to get commercial flow in any case with artificial fractures..
as kennedy is on a program for immediate frac on the back 600 feet of well, the zone 2 news look remarkably near.. that will sure get the sp to fly!
good luck to all holders all imho and dyor
Lucky_Country
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ADI already looks to be a $1 per share company on prospects and oil price alone.
Although nothing has been officially confirmed this cannot be far away.
To think that the company a normally conservative one at that has flagged 4 new wells say to me thay are extremley confident.
Not many sellers
Although nothing has been officially confirmed this cannot be far away.
To think that the company a normally conservative one at that has flagged 4 new wells say to me thay are extremley confident.
Not many sellers
ADI looks as though it may finally throw away the groundhog day influence. The news that more wells are planned for sugarloaf and the prospects of some production is promising. What ADI needs is income to stop the bleeding of it's cash balance. ADI and AUT need a cash flow from these wells more than the other partners in the venture. New wells can't be drilled fast enough as far as I'm concerned. It has been a long slow ride so far that has tired a lot of holders and there has been a lot of times I have been close to giving up.Time to startand stop
and stop
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TCEI could have run with 50 bopd with kennedy but the jvp has gone with a major frac on only the back 600 feet, not the entire well!!!
you have to realise that they dont spend 1 mill on a frac, and not on just 600 feet unless they are after some major return for their investment..
the jvp will be getting significant improvements in the flow rates on kennedy, the the revenue will immediately begin.. adi can be a producer in a very very short period of time..!!
the kennedy frac is any day..
all imho and dyor
you have to realise that they dont spend 1 mill on a frac, and not on just 600 feet unless they are after some major return for their investment..
the jvp will be getting significant improvements in the flow rates on kennedy, the the revenue will immediately begin.. adi can be a producer in a very very short period of time..!!
the kennedy frac is any day..
all imho and dyor
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Lucky_Country
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A great indepth report using very conservative figures.
The market must be waiting for some confirmation on flow testing before a big leg up imo.
Tightly held will be a big jump if K1 proves to be a producer and with more drilling to come should be a flow of good consistant news.
The market must be waiting for some confirmation on flow testing before a big leg up imo.
Tightly held will be a big jump if K1 proves to be a producer and with more drilling to come should be a flow of good consistant news.
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And good consistent news is what we want. Been in since 80cps.
I just love it how they've waited to see what their buddy next door has done, and is copying them - kind of like cheating on a math test isn't it?
I just love it how they've waited to see what their buddy next door has done, and is copying them - kind of like cheating on a math test isn't it?
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hey hatchy
not quite cheating
TCEI has an interest in the Conocophillips wells, so its very clear that some info from lessons learned can be shared and benifit out JVP.
The way i am hearing it, each frac has taught our JVP a lot, even the light kennedy frac has been a success and was analysed, it produced a steady flow of 40 bopd, with four sets of perfs and a light water frac.. no mention of any gas thus far, only condensate is mentioned in the reports, cant hear me complaining about that.. oil wells are very very attractive to me.. EME are saying 14 - 30 years lately in the longevity stakes...!!!!
IMHO the primary objective is to see if this latest redesigned frac, which involves more perfs and a heavier proppant and an very large aggressive frac, will focus on the same 600 feet already proven to be flowing hydrocarbons.. that design is to make the well commercial and flow off just the matrix and artificial fractures.. then we have the rest of the well to look forward to being fraced later,,
brokers are saying to their clients they believe in this play...
We have 3 wells all happening at once, one well that prodiuces hydrocarbons is being worked up to get way way more production, and theres Kowalik and wisteria in a matter of weeks.. within 60 days all the news on all the wells will be known and there will be another well in karnes county...
first news on the prospectivity of zone 2 is a matter of days away.. success on zone 2 will also have a dramatic impact on adi, it would make it a producer, and prove the play is commercial without natural fractures!!!
very exciting few days to come imho... all imho and dyor
not quite cheating
TCEI has an interest in the Conocophillips wells, so its very clear that some info from lessons learned can be shared and benifit out JVP.
The way i am hearing it, each frac has taught our JVP a lot, even the light kennedy frac has been a success and was analysed, it produced a steady flow of 40 bopd, with four sets of perfs and a light water frac.. no mention of any gas thus far, only condensate is mentioned in the reports, cant hear me complaining about that.. oil wells are very very attractive to me.. EME are saying 14 - 30 years lately in the longevity stakes...!!!!
IMHO the primary objective is to see if this latest redesigned frac, which involves more perfs and a heavier proppant and an very large aggressive frac, will focus on the same 600 feet already proven to be flowing hydrocarbons.. that design is to make the well commercial and flow off just the matrix and artificial fractures.. then we have the rest of the well to look forward to being fraced later,,
brokers are saying to their clients they believe in this play...
We have 3 wells all happening at once, one well that prodiuces hydrocarbons is being worked up to get way way more production, and theres Kowalik and wisteria in a matter of weeks.. within 60 days all the news on all the wells will be known and there will be another well in karnes county...
first news on the prospectivity of zone 2 is a matter of days away.. success on zone 2 will also have a dramatic impact on adi, it would make it a producer, and prove the play is commercial without natural fractures!!!
very exciting few days to come imho... all imho and dyor
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Hey AgentM,
Still thinking of that Full moon party at Koi Samui. It's a good thing they are every month.
Good luck to us patient lot.
i'm keen to still do it!!
lets hope after this frac that this kennedy well just keeps producing massive amounts of condensate and minor gas just like it has been thus far, and we can buy the island!
Agentm thanks for sharing your tireless research and commitment to ADI, I've decided to jump on board what seems to have been the stock equivalent of the Hotel California - "you can check out anytime but you just can't leave" (it is one long thread)
Anyway thanks Agentm.
Could anyone share a timetable of when we can expect some news?
Anyway thanks Agentm.
Could anyone share a timetable of when we can expect some news?
Lucky_Country
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Soon.
Testing was supposed to be happening within 14 days of the statement on 23/6/08.
Spudding of Wisteria and the next wells to be drilled in Texas are due this month.
News flow should become more frequent from now on.
.
Testing was supposed to be happening within 14 days of the statement on 23/6/08.
Spudding of Wisteria and the next wells to be drilled in Texas are due this month.
News flow should become more frequent from now on.
.
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sorry solomon, i didnt even check this thread till now..
monday/tuesday will definately have an announcement.. imho all scheduled activity in texas went according to plan.. so the monday coming is definately my pick for next announcement.. but thats all imho and dyor..
"Relax," said the night man,
"We are programmed to receive".
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when conoco stop building pipelines and infrastructure, when they stop drilling and putting in permits, then is my time to exit.. and that has never happened.. there is way too much flow coming out of wells that are not even optimally designed to allow flow from the chalks!
who ever heard of a well with cemented casing flowing straight condensate from the austin chalks?
this latest kennedy frac is totally about getting larger flow rates, they have already proved the formation flows and is hydrocarbon saturated!!
who ever heard of a well with cemented casing flowing straight condensate from the austin chalks?
this latest kennedy frac is totally about getting larger flow rates, they have already proved the formation flows and is hydrocarbon saturated!!
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