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ADI - Adelphi Energy
- Thread starter Dukey
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The wisteria report today hasn't helped the ADI SP. The second targer has shown to be a "duster". Two out of three targets dry. One more to go so there is hope but ADI's future seems to be still reliant on Sugarloaf and the hope of the elephants stamping their mark on that area. Groundhogs still rule.
hey nioka,
yeh it's bad luck with the second target, still one more to go.
i for one am happy with the sp conpared to buy nwe, i also managed to pick up a few more this morn at 30c.
mick
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I think there's been a bit too much hype around Wisteria - there's a better chance that it will turn up dry that it will produce any oil at this stage.
ADI has produced yet another dud here, but it was only a lottery ticket anyway.
Texas is where all eyes should be - the neighbours are producing oil. What we need is a properly drilled well, not a botch up like kennedy.
Get in there and drill some oil!
ADI has produced yet another dud here, but it was only a lottery ticket anyway.
Texas is where all eyes should be - the neighbours are producing oil. What we need is a properly drilled well, not a botch up like kennedy.
Get in there and drill some oil!
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hatchy
early days at kowalik.. the well is in a position now where it can be hooked up to the pipeline.. and the interest is now is seeing this well completed and wirelined and up and running as soon as possible..
the 5 permits will be approved by the time kowalik is finished, and at some stage in the near future the next well site will become evident..
extremely interested in the operations on the ground at the moment myself, and looking forward to how the next few weeks pan out..
i am not changing my position on this at all.. holding long..
early days at kowalik.. the well is in a position now where it can be hooked up to the pipeline.. and the interest is now is seeing this well completed and wirelined and up and running as soon as possible..
the 5 permits will be approved by the time kowalik is finished, and at some stage in the near future the next well site will become evident..
extremely interested in the operations on the ground at the moment myself, and looking forward to how the next few weeks pan out..
i am not changing my position on this at all.. holding long..
There is almost no volume in the trades, not enough to do cross trading so overall price is not a worry. The daily price is of no importance unless you are buying or selling so it represents a good buying opportunity, however by now most holders are in for the long haul regardless. The true believers and those with a liking for groundhogs.
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You had better do a little editing. I certainly don't deserve equal billing with Agent. He is the news editor I'm just the critic that only deserves a small column on the back page. Apart from that no apologies necessary.This is my lame attempt at humour over the whole scenario
lame lame lame lame lame lame attempt.
I apologise
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Ok mate, I've included you with the rest of us.
Hope you don't mind equal billing with the likes of myself
Hope you don't mind equal billing with the likes of myself
That's better I'll still claim a column on the back page as the critic. Anyone can criticise but none of us come anywhere near Agent for research or info regarding ADI. I'm sure even the ADI staff tune in to find out what is happening.Ok mate, I've included you with the rest of us.
Hope you don't mind equal billing with the likes of myself
Lucky_Country
Formerly known as ijh
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2 weeks to go until drilling is finished then we may get some kind of confirmation on reserve estimates and flow rates.
Looking good imo!
Looking good imo!
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the well is going extremely smoothly from all appearances..
the gas flaring has not been experienced in any well in our acreages, sugarloaf 1 only flared after an extensive frac, as did kennedy.. but during the drilling your not trying to do anything but counter the pressures down there an not lose circulation with heavy muds in the hole, any flaring from these chalks is to be viewed as extremely positive. which is how i view it..
1500 feet completed and the flaring has only just commenced in the last 100 feet.. there could be more news to follow imho..
10 September 2008
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online
KOWALIK-1H UPDATE
Adelphi Energy ("Adelphi") is pleased to provide an update on operations at the Kowalik- 1H well which is located in the Sugarloaf AMI.
Adelphi has been advised by the operator, Texas Crude Energy Inc (“TCEI”), that as at 6am Texas time on 9 September 2008 the well was drilling ahead in near horizontal hole within the target upper part of the Austin Chalk at a measured depth of 13.364 feet.
Approximately 1,500 feet of horizontal hole has now been drilled with total gas recorded in the range 300 to 700 units – up from a background of approximately 200 units.
Intermittent minor gas flares were present over the last approximately 100 feet of drilling. The horizontal section to be drilled is planned to be 6,000 feet in length and is targeting the upper pay interval that has been reported as successfully producing gas and condensate in three wells in adjacent acreage.
The Joint Venture is working towards this being the first in a continuous sequence of 4 wells.
Commenting on the progress of the Kowalik well, Chris Hodge the Managing Director of Adelphi advised that “a number of measures have been put in place to ensure that the horizontal section is drilled in the prospective upper part of the Austin Chalk; these include underbalanced drilling, new directional drilling equipment and additional logs to aid geosteering. These measures have been effective and the well is progressing according to plan. The first signs of flares while drilling are also encouraging. Based on progress to date, the well will take approximately 2 more weeks to complete drilling the horizontal section."
the gas flaring has not been experienced in any well in our acreages, sugarloaf 1 only flared after an extensive frac, as did kennedy.. but during the drilling your not trying to do anything but counter the pressures down there an not lose circulation with heavy muds in the hole, any flaring from these chalks is to be viewed as extremely positive. which is how i view it..
1500 feet completed and the flaring has only just commenced in the last 100 feet.. there could be more news to follow imho..
10 September 2008
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online
KOWALIK-1H UPDATE
Adelphi Energy ("Adelphi") is pleased to provide an update on operations at the Kowalik- 1H well which is located in the Sugarloaf AMI.
Adelphi has been advised by the operator, Texas Crude Energy Inc (“TCEI”), that as at 6am Texas time on 9 September 2008 the well was drilling ahead in near horizontal hole within the target upper part of the Austin Chalk at a measured depth of 13.364 feet.
Approximately 1,500 feet of horizontal hole has now been drilled with total gas recorded in the range 300 to 700 units – up from a background of approximately 200 units.
Intermittent minor gas flares were present over the last approximately 100 feet of drilling. The horizontal section to be drilled is planned to be 6,000 feet in length and is targeting the upper pay interval that has been reported as successfully producing gas and condensate in three wells in adjacent acreage.
The Joint Venture is working towards this being the first in a continuous sequence of 4 wells.
Commenting on the progress of the Kowalik well, Chris Hodge the Managing Director of Adelphi advised that “a number of measures have been put in place to ensure that the horizontal section is drilled in the prospective upper part of the Austin Chalk; these include underbalanced drilling, new directional drilling equipment and additional logs to aid geosteering. These measures have been effective and the well is progressing according to plan. The first signs of flares while drilling are also encouraging. Based on progress to date, the well will take approximately 2 more weeks to complete drilling the horizontal section."
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So in the next two weeks we should find out about Kowalik and Wisteria. Very interesting news ahead I would imagine.
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nioka
i am very interested in how AUT develops..
with their acreages i have yet to see an accurate map to assess their land position, and its important to me to make a decision on this play and whether to invest in AUT as this project runs.. i know they say they have a lot of acreages, but is it continious? and where is it? why the secrecy. why maps with no boundaries and definitions? the jvp is clearly stating the location of the 23000 acres it now has..
i am very curious why yesterdays announcement did not create more interest in the jvp, and to see AUT neutral at the end of the day worried me a lot.
the news of the flaring was excellent news, i am relieved as any holder would be to know the formation is trying to flow whilst drilling. and with the massive mudweights they need to use in these wells to drill them,
"The first signs of flares while drilling are also encouraging"
great prices for entry into adi at this point, with confirmation of flowing hydrocarbons from the formation and COP about to embark on a massive drilling operation.. would be buying if i could, but definately not selling for a long time now..
good luck to those selling out now, and best of luck to anyone getting in or adding..
i am very interested in how AUT develops..
with their acreages i have yet to see an accurate map to assess their land position, and its important to me to make a decision on this play and whether to invest in AUT as this project runs.. i know they say they have a lot of acreages, but is it continious? and where is it? why the secrecy. why maps with no boundaries and definitions? the jvp is clearly stating the location of the 23000 acres it now has..
i am very curious why yesterdays announcement did not create more interest in the jvp, and to see AUT neutral at the end of the day worried me a lot.
the news of the flaring was excellent news, i am relieved as any holder would be to know the formation is trying to flow whilst drilling. and with the massive mudweights they need to use in these wells to drill them,
"The first signs of flares while drilling are also encouraging"
great prices for entry into adi at this point, with confirmation of flowing hydrocarbons from the formation and COP about to embark on a massive drilling operation.. would be buying if i could, but definately not selling for a long time now..
good luck to those selling out now, and best of luck to anyone getting in or adding..
TCEI JV Block A # 4 well reaches total depth
RNS Number : 2001D
Empyrean Energy PLC
11 September 2008
11th September 2008
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Block A, Texas USA
TCEI JV Block A # 4 well reaches total depth
Encouraging gas observations and flares over more than 1500 feet
Operator preparing the well for setting production casing followed by testing
Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, is pleased to provide the following update on operations at Block A within the Sugarloaf Prospect:
Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A #4 horizontal well has reached a total measured depth of 15,084 feet. Current operations are circulating gas out of the drilling fluid in preparation to run production casing. The well will then be tested.
During drilling, high gas readings and flares have prompted the operator to call total depth earlier than anticipated as they believe the gas observations from an interval of more than 1500 ft in length suggest sufficient encouragement to provide for a good commercial outcome. The early total depth has also meant that this well has been drilled under the budgeted cost.
Multiple gas readings in excess of 500 units (background gas approximately 50 units) and multiple flares measuring over 20 feet in height were observed during drilling of the 1500 ft interval.
Further updates will be provided as significant developments occur.
Empyrean has a 7.5% working interest in this well.
Commenting today, Empyrean executive director Tom Kelly stated "The gas readings and flares provide great encouragement for Empyrean on this well. We look forward to the testing in due course."
RNS Number : 2001D
Empyrean Energy PLC
11 September 2008
11th September 2008
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Block A, Texas USA
TCEI JV Block A # 4 well reaches total depth
Encouraging gas observations and flares over more than 1500 feet
Operator preparing the well for setting production casing followed by testing
Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the USA, is pleased to provide the following update on operations at Block A within the Sugarloaf Prospect:
Empyrean has been advised by Texas Crude Energy Inc that the TCEI JV Block A #4 horizontal well has reached a total measured depth of 15,084 feet. Current operations are circulating gas out of the drilling fluid in preparation to run production casing. The well will then be tested.
During drilling, high gas readings and flares have prompted the operator to call total depth earlier than anticipated as they believe the gas observations from an interval of more than 1500 ft in length suggest sufficient encouragement to provide for a good commercial outcome. The early total depth has also meant that this well has been drilled under the budgeted cost.
Multiple gas readings in excess of 500 units (background gas approximately 50 units) and multiple flares measuring over 20 feet in height were observed during drilling of the 1500 ft interval.
Further updates will be provided as significant developments occur.
Empyrean has a 7.5% working interest in this well.
Commenting today, Empyrean executive director Tom Kelly stated "The gas readings and flares provide great encouragement for Empyrean on this well. We look forward to the testing in due course."
Hi eopiela,
How did you guys (and the drilling rig) hold up during Hurricane Ike?
Was your area hit hard?
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wisteria is finally over.. and will be a P&A
it was free carry so it should have no impact on the sp thankfully.
metron, if it of any help, there was no impact on the karnes county from ike, they had hundreds of trucks and disaster crews on the highways there waiting in massive convoys to move in to assist in the aftermath, many good frinds of mine in houston are without power and gas and there are areas very much devistated by ike. unfortunately, despite the warnings, there was loss of life in texas as a result of ike.
they shut down kowalik rig, and all rigs there did the same, but they did not need to lay them down at all, they returned on saturday night to fire up the operations again..
hope it helps.
it was free carry so it should have no impact on the sp thankfully.
metron, if it of any help, there was no impact on the karnes county from ike, they had hundreds of trucks and disaster crews on the highways there waiting in massive convoys to move in to assist in the aftermath, many good frinds of mine in houston are without power and gas and there are areas very much devistated by ike. unfortunately, despite the warnings, there was loss of life in texas as a result of ike.
they shut down kowalik rig, and all rigs there did the same, but they did not need to lay them down at all, they returned on saturday night to fire up the operations again..
hope it helps.
Wisteria-1 disappoints Coogee
“Wisteria-1 disappoints Coogee
By Upstream staff
Coogee Resources is set to plug and abandon the Wisteria-1 well in the Timor Sea off north-west Australia in licence AC/P32 after unveiling minor gas but no significant hydrocarbon shows.
The well reached a final depth of 3281 metres today and Coogee is preparing to run wireline logs and a checkshot survey. These will be used to assess the well results and assist in the forward seismic mapping and evaluation of the permit.
Joint venture partner Norwest Energy (via Westranch) recently said the prospect had the potential to hold more than 200 million barrels of recoverable oil.
Coogee operates the AC/P32 permit with a 22.5% stake, with partners Westranch on 15%, Adelphi Energy on 10%, Bounty Oil & Gas with 10%, Bharat Petroleum Holding on 20% and Cosmo Energy Exploration & Development on 22.5%. “
--------------------------------------------------------------------------------
Tuesday, 16 September, 2008, 05:57 GMT | last updated: Tuesday, 16 September, 2008, 06:00 GMT
http://www.upstreamonline.com/live/article163200.ece
“Wisteria-1 disappoints Coogee
By Upstream staff
Coogee Resources is set to plug and abandon the Wisteria-1 well in the Timor Sea off north-west Australia in licence AC/P32 after unveiling minor gas but no significant hydrocarbon shows.
The well reached a final depth of 3281 metres today and Coogee is preparing to run wireline logs and a checkshot survey. These will be used to assess the well results and assist in the forward seismic mapping and evaluation of the permit.
Joint venture partner Norwest Energy (via Westranch) recently said the prospect had the potential to hold more than 200 million barrels of recoverable oil.
Coogee operates the AC/P32 permit with a 22.5% stake, with partners Westranch on 15%, Adelphi Energy on 10%, Bounty Oil & Gas with 10%, Bharat Petroleum Holding on 20% and Cosmo Energy Exploration & Development on 22.5%. “
--------------------------------------------------------------------------------
Tuesday, 16 September, 2008, 05:57 GMT | last updated: Tuesday, 16 September, 2008, 06:00 GMT
http://www.upstreamonline.com/live/article163200.ece
