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"The location has been tied into production and export facilities so that when the test is complete the production can be immediately switched to sales."
Payday!!!
Payday!!!
ADI - Adelphi Energy
- Thread starter Dukey
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What the ??? tell us now you swines !!! . Another week before we know flow rates . Pay them double time with a double shift and let's get crackin.
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The Kowalik-1H horizontal well in the Sugarloaf AMI is preparing to carry out a
production test following a succession of strong gas shows including flares up to 50 feet in height which were encountered while drilling the upper Austin Chalk.
The Kennedy-1H horizontal well is producing condensate from a limited section of the horizontal borehole within the lower Austin Chalk at a rate of 30 barrels per day plus 100,000 cubic of gas per day with no water.
Subsequent to the end of the quarter, Adelphi has been announced as the winning bidder of an onshore exploration block in Indonesia. A farmin by two international companies to this acreage has already been negotiated, subject to finalisation of the Production Sharing Contract (PSC); full details will be provided once Adelphi has concluded all contractual arrangements.
The Wisteria-1 exploration well spudded in August 2008. The well did not encounter any sandstone at the Puffin Formation level, the Montara Formation sandstones were tight, and the Plover Formation sands were water wet. Consequently, the well was plugged and abandoned.
In the Yemen Block 7, seismic data processing of the 280 km² 3D seismic survey acquired during June and July 2008 has commenced.
In Yemen Block 74, regional geological and geophysical work continued during the quarter. Preparations are being made to acquire seismic data in the second quarter of 2009.
During the quarter a total of 13,479,399 shares were issued at 32 cents per share pursuant to a one for six rights issue to raise approximately $4.3 million before costs. This has increased the Company’s issued share capital to some 120 million shares.
EXPLORATION
Sugarloaf Project – Onshore Texas, USA (Adelphi 20.0%)
Activity within the Sugarloaf Area of Mutual Interest (AMI) in west Texas continues to be a major focus for the Company. The area under lease has now expanded to some 23,000 acres (93 square kilometers).
Adelphi continues to be very encouraged by the high levels of production and appraisal activity in the Sugarkane Austin Chalk field area located adjacent to the Sugarloaf AMI.
Kowalik -1H Well
The Kowalik -1H spudded on 18 July 2008 and reached total depth (TD) of 16,483 feet on 19 October. During the drilling of the approximately 4,600 feet lateral within the upper Austin Chalk several gas flares were encountered, many of which ranged from 35 – 50 feet in height. Gas readings were consistently higher than 2,000 units. At the end of October 2008 the well was in the process of being completed pending a flowtest.
If successful, the well can be put on production in a matter of days because a pipeline to a nearby gas pipeline has already been constructed.
Kennedy -1H Well
During the previous quarter, two fracture stimulations were carried out over a 600 feet interval at the toe of the completed well. A total of 7 perforations, each of 2 to 3 feet in length, were made over the two frac treatments.
The well flowed on test at a maximum rate of 0.43 million standard cubic feet per day (mmscfd) + 106 barrels of condensate per day (bcpd) before declining over a 3 week period to flow at an average rate of 0.18 mmscfd + 35 bcpd. Flow was not stabilized and only a small percentage of the frac fluid was recovered, indicating that the flow from the well had not adequately cleaned up and the potential flow rate had not been fully evaluated.
In order to evaluate future productive potential further, a small production facility was installed to flow and clean up the well. Production commenced on 2 October 2008 at rates of 0.2 mmscfd + 60 bcpd. By the end of October, the rate had declined to 0.1 mmscfd + 30 bcpd. No water is being produced.
The flow rates obtained from this well are modest, partly because the well was drilled in the lower part of the Chalk, and partly because the lateral has not been effectively stimulated over a significant portion of the wellbore.
Information obtained from the producing operations will help determine whether further improvements to flow rate are possible by alternative methods of perforating and stimulating the remaining 3,000 feet of horizontal section behind pipe.
Weston -1H Well
Weston-1H will be spudded following the Kowalik well. It is located approximately 1.5 km east of the Kennedy-1H well and the horizontal section will be drilled in a southeasterly direction targeting the upper Austin Chalk. The planned total depth is 18,405 feet with an approximately 6,000 feet lateral. The dry hole cost of this well was paid for during the quarter.
Blocks 7 and 74 – Yemen (Adelphi 8.5%)
Block 7
Seismic processing of the 280 km² of 3D seismic acquired during June and July 2008 has commenced. The results will be available late in 2008, and will be interpreted ahead of drilling two planned wells early in the third quarter of 2009. Adelphi will be targeting a similar play-type to the nearby 110mmbbls Habban (Al Uqlah) field that is expected to produce around 32,000 bopd by the end of 2009.
The total remaining work commitment for this block comprises the drilling of four wells.
Block 74
Regional geological and geophysical work continued during the quarter and preparations are being made to acquire seismic data in the second quarter of 2009. Results from the regional work have upgraded the prospectivity of the block based upon the likely presence of source rock extending over a much greater area than previously thought.
The total work commitment for this block is for 250 km 2D seismic and the drilling of three wells.
NEW VENTURE ACTIVITIES
Indonesia
Adelphi was advised on 20 October 2008 that it was the winning bidder for the South Bengara II Block onshore East Kalimantan.
Award of the block is conditional upon entering into a Production Sharing Contract (PSC) with the Government of the Republic of Indonesia.
A farmin by two international companies to this acreage upon successfully being awarded the PSC has been negotiated. Full details will be provided once Adelphi has concluded all contractual arrangements.
production test following a succession of strong gas shows including flares up to 50 feet in height which were encountered while drilling the upper Austin Chalk.
The Kennedy-1H horizontal well is producing condensate from a limited section of the horizontal borehole within the lower Austin Chalk at a rate of 30 barrels per day plus 100,000 cubic of gas per day with no water.
Subsequent to the end of the quarter, Adelphi has been announced as the winning bidder of an onshore exploration block in Indonesia. A farmin by two international companies to this acreage has already been negotiated, subject to finalisation of the Production Sharing Contract (PSC); full details will be provided once Adelphi has concluded all contractual arrangements.
The Wisteria-1 exploration well spudded in August 2008. The well did not encounter any sandstone at the Puffin Formation level, the Montara Formation sandstones were tight, and the Plover Formation sands were water wet. Consequently, the well was plugged and abandoned.
In the Yemen Block 7, seismic data processing of the 280 km² 3D seismic survey acquired during June and July 2008 has commenced.
In Yemen Block 74, regional geological and geophysical work continued during the quarter. Preparations are being made to acquire seismic data in the second quarter of 2009.
During the quarter a total of 13,479,399 shares were issued at 32 cents per share pursuant to a one for six rights issue to raise approximately $4.3 million before costs. This has increased the Company’s issued share capital to some 120 million shares.
EXPLORATION
Sugarloaf Project – Onshore Texas, USA (Adelphi 20.0%)
Activity within the Sugarloaf Area of Mutual Interest (AMI) in west Texas continues to be a major focus for the Company. The area under lease has now expanded to some 23,000 acres (93 square kilometers).
Adelphi continues to be very encouraged by the high levels of production and appraisal activity in the Sugarkane Austin Chalk field area located adjacent to the Sugarloaf AMI.
Kowalik -1H Well
The Kowalik -1H spudded on 18 July 2008 and reached total depth (TD) of 16,483 feet on 19 October. During the drilling of the approximately 4,600 feet lateral within the upper Austin Chalk several gas flares were encountered, many of which ranged from 35 – 50 feet in height. Gas readings were consistently higher than 2,000 units. At the end of October 2008 the well was in the process of being completed pending a flowtest.
If successful, the well can be put on production in a matter of days because a pipeline to a nearby gas pipeline has already been constructed.
Kennedy -1H Well
During the previous quarter, two fracture stimulations were carried out over a 600 feet interval at the toe of the completed well. A total of 7 perforations, each of 2 to 3 feet in length, were made over the two frac treatments.
The well flowed on test at a maximum rate of 0.43 million standard cubic feet per day (mmscfd) + 106 barrels of condensate per day (bcpd) before declining over a 3 week period to flow at an average rate of 0.18 mmscfd + 35 bcpd. Flow was not stabilized and only a small percentage of the frac fluid was recovered, indicating that the flow from the well had not adequately cleaned up and the potential flow rate had not been fully evaluated.
In order to evaluate future productive potential further, a small production facility was installed to flow and clean up the well. Production commenced on 2 October 2008 at rates of 0.2 mmscfd + 60 bcpd. By the end of October, the rate had declined to 0.1 mmscfd + 30 bcpd. No water is being produced.
The flow rates obtained from this well are modest, partly because the well was drilled in the lower part of the Chalk, and partly because the lateral has not been effectively stimulated over a significant portion of the wellbore.
Information obtained from the producing operations will help determine whether further improvements to flow rate are possible by alternative methods of perforating and stimulating the remaining 3,000 feet of horizontal section behind pipe.
Weston -1H Well
Weston-1H will be spudded following the Kowalik well. It is located approximately 1.5 km east of the Kennedy-1H well and the horizontal section will be drilled in a southeasterly direction targeting the upper Austin Chalk. The planned total depth is 18,405 feet with an approximately 6,000 feet lateral. The dry hole cost of this well was paid for during the quarter.
Blocks 7 and 74 – Yemen (Adelphi 8.5%)
Block 7
Seismic processing of the 280 km² of 3D seismic acquired during June and July 2008 has commenced. The results will be available late in 2008, and will be interpreted ahead of drilling two planned wells early in the third quarter of 2009. Adelphi will be targeting a similar play-type to the nearby 110mmbbls Habban (Al Uqlah) field that is expected to produce around 32,000 bopd by the end of 2009.
The total remaining work commitment for this block comprises the drilling of four wells.
Block 74
Regional geological and geophysical work continued during the quarter and preparations are being made to acquire seismic data in the second quarter of 2009. Results from the regional work have upgraded the prospectivity of the block based upon the likely presence of source rock extending over a much greater area than previously thought.
The total work commitment for this block is for 250 km 2D seismic and the drilling of three wells.
NEW VENTURE ACTIVITIES
Indonesia
Adelphi was advised on 20 October 2008 that it was the winning bidder for the South Bengara II Block onshore East Kalimantan.
Award of the block is conditional upon entering into a Production Sharing Contract (PSC) with the Government of the Republic of Indonesia.
A farmin by two international companies to this acreage upon successfully being awarded the PSC has been negotiated. Full details will be provided once Adelphi has concluded all contractual arrangements.
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The Kennedy-1H horizontal well is producing condensate from a limited section of the horizontal borehole within the lower Austin Chalk at a rate of 30 barrels per day plus 100,000 cubic of gas per day with no water.
This is constantly reducing isn't it?
In order to evaluate future productive potential further, a small production facility was installed to flow and clean up the well. Production commenced on 2 October 2008 at rates of 0.2 mmscfd + 60 bcpd. By the end of October, the rate had declined to 0.1 mmscfd + 30 bcpd. No water is being produced.
Kowalik:
I suspect we should hear as early as tomorrow if not monday about the production test. That's considering the usual 48 hour turn around.
I hope that they don't have the same closing up failures as they've had with Kennedy.
This is constantly reducing isn't it?
In order to evaluate future productive potential further, a small production facility was installed to flow and clean up the well. Production commenced on 2 October 2008 at rates of 0.2 mmscfd + 60 bcpd. By the end of October, the rate had declined to 0.1 mmscfd + 30 bcpd. No water is being produced.
Kowalik:
I suspect we should hear as early as tomorrow if not monday about the production test. That's considering the usual 48 hour turn around.
I hope that they don't have the same closing up failures as they've had with Kennedy.
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hey hatchy.. gotta give you a little bit of an idea about kowalik and the upper chalks. vs kennedy in the shale/chalk deeps..
upper chalks are proven to be flowing, in some wells like kunde 1, which is a vertical, it has flowed for some two years!!
although burlington resources (now conocophillips) fracced kunde 1, they believe its flowing on the fracc stimulation alone and thats whats very exciting about these chalks.
due to the overpressurised chalks and the shale below, they are having great difficulty in devising an adequate fracc process for the deeper zone, so in a well like kennedy, the formation appears to be folding in on the proppant and reducing the connectivity, at kennedy they only fracced 600 feet, as they really dont want to go for a full fracc on the entire lateral until they are absolutely sure of success. There are many thousands of feet of well left for them to fracc later, imho, with the current focus by conoco on the lower zones in live oak, it will mean they will be fraccing these regions themselves soon, and with TCEI being a partner with them, their understanding and refinements on the fracc process can be used and replicated in kennedy later when its understood what things work.. we cannot afford to do the R&D, so imho kennedy will not be fracced until we see conoco fracc some shale themselves..
now the chalks are different, it sits above the shale. current thinking is that these wells will behave just as regular chalks well will that are not overpressurised, in that they will flow at very high rates on any occasion they encounter natural fractures.. and there is compelling evidences that fracc stimulation can be also utilised on these chalks because they differ from the lesser pressurised giddings and pearsall, and the sugarkane chalks are very high in porosity and permeability.. all extremely ggod and the primary reason why a corporation like conocophillips would lease up and explore as a major project on some 250,000+ acres.. cote d'or.. (hill of gold)
imho kowalik would not be a contender for a fracc operation, maybe in 15 years they would do that to stimulate the well when the charge is lesser and the rock more depleted.. but imho they will let it fly as it is..
upper chalks are proven to be flowing, in some wells like kunde 1, which is a vertical, it has flowed for some two years!!
although burlington resources (now conocophillips) fracced kunde 1, they believe its flowing on the fracc stimulation alone and thats whats very exciting about these chalks.
due to the overpressurised chalks and the shale below, they are having great difficulty in devising an adequate fracc process for the deeper zone, so in a well like kennedy, the formation appears to be folding in on the proppant and reducing the connectivity, at kennedy they only fracced 600 feet, as they really dont want to go for a full fracc on the entire lateral until they are absolutely sure of success. There are many thousands of feet of well left for them to fracc later, imho, with the current focus by conoco on the lower zones in live oak, it will mean they will be fraccing these regions themselves soon, and with TCEI being a partner with them, their understanding and refinements on the fracc process can be used and replicated in kennedy later when its understood what things work.. we cannot afford to do the R&D, so imho kennedy will not be fracced until we see conoco fracc some shale themselves..
now the chalks are different, it sits above the shale. current thinking is that these wells will behave just as regular chalks well will that are not overpressurised, in that they will flow at very high rates on any occasion they encounter natural fractures.. and there is compelling evidences that fracc stimulation can be also utilised on these chalks because they differ from the lesser pressurised giddings and pearsall, and the sugarkane chalks are very high in porosity and permeability.. all extremely ggod and the primary reason why a corporation like conocophillips would lease up and explore as a major project on some 250,000+ acres.. cote d'or.. (hill of gold)
imho kowalik would not be a contender for a fracc operation, maybe in 15 years they would do that to stimulate the well when the charge is lesser and the rock more depleted.. but imho they will let it fly as it is..
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So Nioka, you still selling (read holding back) ADI to get into AUT?
Of course it's your choice but with the limited amount of shares available it has a detrimental affect on the SP.
just mho
Of course it's your choice but with the limited amount of shares available it has a detrimental affect on the SP.
just mho
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Thanks agent,
That has cleared up a few worries i had - I knew they didn't drill Kennedy properly, but I didn't have it together about them getting into the shale and that being the reason why it's closing in on itself.
You think it will last 15 years without a frac? That's substantial!
They must have encountered some decent natural fractures then.
Will a natural fracture close down when the pressure lowers?
That has cleared up a few worries i had - I knew they didn't drill Kennedy properly, but I didn't have it together about them getting into the shale and that being the reason why it's closing in on itself.
You think it will last 15 years without a frac? That's substantial!
They must have encountered some decent natural fractures then.
Will a natural fracture close down when the pressure lowers?
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no i think the 15 years is just me talking.. its very early days, and they are learning all about the formation every time it is drilled.. there is no doubt about the upper chalks zone, its extremely attractive, but the deeper zones interest me a lot as i really believ that tom kelly from eme was not talking through his hat when he said the lower zones could easily double the potential reserves of the sugarakane.. i think he was being conservative myself..
remember 80% of the gas is condensate, so 20% goes to the pipeline abd 80% is separated and the oil trucked off..
$us dollar is really in a different place to a few months ago is it not??
remember 80% of the gas is condensate, so 20% goes to the pipeline abd 80% is separated and the oil trucked off..
$us dollar is really in a different place to a few months ago is it not??
Lucky_Country
Formerly known as ijh
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Pipeline already there sales are imminent and Weston 1 already set tospud if that is not confidence for you I'm not sure what is.
Throw in Yemen and Indonesia this company has a big future all to be off the cash generated from Sugarkane field.
Yemen and Indonesia along with Sugarkane development make 2009 a real exciting year
Throw in Yemen and Indonesia this company has a big future all to be off the cash generated from Sugarkane field.
Yemen and Indonesia along with Sugarkane development make 2009 a real exciting year
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If it's 80% condensate - I doubt the sales will be made up of much Gas?
Wouldn't there be more money in the condensate?
So there's confidence in having a gas pipeline - but I think it's also convenience don't you think? That way they can get off the condensate without worrying about the Gas.
Wouldn't there be more money in the condensate?
So there's confidence in having a gas pipeline - but I think it's also convenience don't you think? That way they can get off the condensate without worrying about the Gas.
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Lucky_Country..
right now i am in a state of shock, the well is hooked up, there is only a workover rig needed and they can clean up the well, but in all honesty, i was not expecting the number of storage tanks are online on that site!! in all honesty i was not anticipating that..
now i am really looking forward to the flow rates..
right now i am in a state of shock, the well is hooked up, there is only a workover rig needed and they can clean up the well, but in all honesty, i was not expecting the number of storage tanks are online on that site!! in all honesty i was not anticipating that..
now i am really looking forward to the flow rates..
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sounds like you have a secret webcam set up onsite agentm . Flow rates are bound to be good but I want to see some figures (yesterday). Let's hope the Dow doesn't affect the good news to come.
Its been a long wait for the faithful Agent M and over something like 2 years or more (?) ... you've done a great job keeping everyone informed and motivated. Your time and effort to share your knowledge and enthusiasm has been much appreciated. You'll deserve your payday when it comes. Omedeto Gozaimasu.... honto!!!
Really getting to the pointy end of the deal now - very exiting. And as you say - the AUD-USD rate will be helping out nicely when the flow starts.... and no doubt the POO will be on the way up again soon..... All very good signs for ADI's income and the SP. That said - in this market - I don't expect sp to react as much as it otherwise might have, but there should be something to smile about fairly soon...
Would be very interesting to see just how many ASF ADI holders there are at the moment!!!
-D..... still here
Still here as well, been in for what seems like forever but really only a couple of years.
The fundamentals have never changed, just timing unfortunately...I think that the Kow is about to let us know what this play can produce.
Well done to Agent for all his research...Kowalik is only the beginning!
The fundamentals have never changed, just timing unfortunately...I think that the Kow is about to let us know what this play can produce.
Well done to Agent for all his research...Kowalik is only the beginning!
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Good sign that Empyrean (18% interest in Sugarloaf?) has surged in the UK the past couple days. Up almost 50%! ADI should do likewise very soon.
Can someone please post the current buyer and seller market depth for ADI? There's a glitch with my online broker this morning.
Cheers.
Can someone please post the current buyer and seller market depth for ADI? There's a glitch with my online broker this morning.
Cheers.
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Cheers solomon,
The share price will take off when the day traders latch on, after the flow test results are announced.
The share price will take off when the day traders latch on, after the flow test results are announced.
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I really hate mary poppins but I love this song today "Super cali fragilistic expi alidocious" .
Extreme pressure buying in correspondence to the extreme pressure well . That's what we like to see!
