ADI - Adelphi Energy

[seasprite]

second clean up is on the cards.

all kowalik needs is a good clean up..

How long do you think this second clean up will take Agentm. Do you think we may have an announcement tomorrow ?

 

[Hatchy]

You're kidding aren't you? We've waited two years for commercial flow and you can't wait another day or two for clean up and production figures.

I believe you have misintepreted what I've said.
Don't flame me for being disappointed, I was expecting full results today. I'm allowed to be disappointed for not getting them.

I've not lost hope, I've taken a further stake today as I have been doing since early 06.

You obviously missed my comment about last chance before blue skies.

You must be in Melbourne cup mode and already have your blinkers on!

Good luck to those having a punt tomorrow!

 

[Sunburnt Land]

Maybe MAD RUSH is the omen tip for the Cup, because that's what mode the buyers of ADI shares will be in when the flow rates for the Kow are released!

 

[Agentm]

bit perplexed by the reaction to the announcement. couldnt argue that its seen extremely negatively, but such is life hey..

re the melbourne cup


num du jeu cote d'or

 

[estseon]

"...As at 6am Texas time on 2 November 2008 the well was still cleaning up and was flowing gas, condensate, drilling and completion fluids. Once the well is fully unloaded, which may require a second chemical wash to remove mud from the well bore, stabilized production rates will be advised...."

Yesterday morning, Texas time, it was still flowing drilling gunge. I would guess that they will first have to wait until that flow diminishes to something relatively insignificant and then give it a further scrub with their chemicals. Then they will have to flow it clean again. Once is is clean (enough) they will have to connect it all up again to the separator etc and flow test.

They will continue the test until "stabilised production rates" are achieved.

I don't see how timings can be predicted.

It doesn't sound like a three day job but maybe.....

They've not had to use any type of pressure hosing to do the job - the formation pressure seems to be doing it for them without assistance.

Despite all the gunge, it is flowing both gas and condensates.

 

[Agentm]

quattro44 - 3 Nov'08 - 10:08 - 43399 of 43409

It never ceases to amaze me how share prices react to news.
The key words here are : 'flowing gas and condensate' and 'production rates' These add up to only one thing : They fully expect more flow and to produce from this well.
It can take days to clean up one of these wells. That is alot of horizontal and to get all the mud and fluids out, working very carefully is some undertaking. It is clear that after only after a day or so they already have flow which they had throughout drilling, so it should only improve from here. But what do I know?
q44

 

[fflintoff]

Aimzine Nov 2008

AIMZINE
Featured Companies Update

Nov 2008
“Once again our Aimzine featured companies have been busy and most of them have had positive news to report. If you are looking for a share with plenty of exciting news flow, look no further than Empyrean Energy. During October the Company issued no less than 8 RNS statements updating shareholders on progress with the Company’s Sugarloaf project. Empyrean’s share price during October has been pretty ‘exciting’ as well, drifting down from 30.5p to 19.75p up until 27 October and then doubling back up to over 40p in the last 4 days.

The latest announcement on Friday 31 October reported that the A-4 well (Empyrean’s interest = 7.5%) was flowing gas and condensate at commercial rates. The A-4 well will be connected to production in December. Tom Kelly commented on this announcement by saying 'This un-stimulated flow from a 1500 odd foot interval of horizontal well is a great result for the A-4 well. This further de-risks the project and provides another successful well that will shortly go into production to a sales pipeline. There is still great potential for wells that have longer horizontal completions in the productive zone to have even better or multiples of these flow rates without stimulation - and we already know that stimulation can achieve excellent results.'

It is interesting to note that Tom is speaking of ‘great potential for wells that have longer horizontal completions’ – could he be thinking of the Kowalik well, with a horizontal section of 4600 feet, which was completed on 25 October. Empyrean have reported on a number of occasions that the Kowalik well had produced significant gas flares. The two photographs here show flaring at Kowalik. Production test results for Kowalik are expected any day now and we would gather from Tom’s comments that he is optimistic about the outcome. Empyrean has an 18% interest in Kowalik.

Finally, on Empyrean Energy, the company announced that drilling is due to commence shortly on the Weston Well (Empyrean’s interest = 18%). This is another well with a planned long horizontal section”

 

[seasprite]

Any ideas on Bengara II? I am assuming/guessing it is this block that was a mandatory relinquishment by Continental-Geopetro.

View attachment bengara_maps02.pdf

 

[tomcat]

Doesnt look like conocophillips have any concerns with the play, yet another well application has gone in!!

This is the application by Burlington in Live Oak for a directional well called Gonzales

http://webapps.rrc.state.tx.us/DP/d...blicQuery=Y&name=GONZALES&univDocNo=485350278


How many rigs will they have there soon I wonder?

 

[Agentm]

looking at the gonzales well, if i got my bearings right i think its practically twinning marlene olsen, or i should say olsen baker..

not seen any sign of the rigs that will drill out these permits for conocophillips as yet, imho they will be arriving in the next 30 - 60 days..

i would be very surprised if eme is going to be able to be a partner in these wells all at once myself. the 23,000 acres we have are going to keep the jvp on its toes over the coming 6 -12 months, enormous work ahead..

 

[estseon]

EME only has the opportunity to participate in a further 3 wells in BlocK A if the split of the "16 well programme" is equal between the 2 blocks, as suggested by some on ADVFN. If Kunde 3 is now actually producing for sales, that will help. And the Baker twins will help come the New Year. Over on the Block of mutual interest, Weston must have been paid for. Whilst they have only 1 rig operating, there is a chance that Kowalik may pay for well 3 but should for well 4. Weston should be on stream by well 4 spud. I'm not too worried about cash at the moment. Once they have production, they should be able to raise 6 month money at least - poor show if they can't. On the positive side, CoP did report softening in rig hire costs.

 

[Agentm]

RNS Number : 3610H
Empyrean Energy PLC
04 November 2008

4 November 2008
Empyrean Energy PLC
("Empyrean" or the "Company"; Ticker: (EME))
Sugarloaf Prospect, ("Sugarloaf"), Block B, Texas USA

Empyrean Energy Plc, the oil and gas explorer and producer with assets in Germany and the
USA, provides the following update on
operations on Block B which is part of the Sugarkane Gas and Condensate Field:

* Kowalik well flowing gas and condensate to sales line during test
* Operator planning to inject the well with mud-cleanout treatment to enhance the flow and further clean the formation

Kowalik -1H Well

Empyrean has been advised by the operator, Texas Crude Energy Inc ("TCEI"), that at 6am on 3 November 2008, the Kowalik-1H well was
flowing un-stimulated to sales on test. During the 24 hour period to 6am the well produced 937,000 cubic feet of gas, 321 barrels of oil and 14 barrels of water. The water production is considered to be predominantly drilling and
completion fluids. The well was still producing slugs of drilling mud during the period and had not fully cleaned up.

The operator is planning to inject a mud-cleanout treatment into the wellbore in the next day or so to help mobilize any remaining drilling mud and completion fluids. Such treatments have effectively been used many times in
the Chalk at analogue and other fields to enhance the flow and clean the formation.

Commenting today, Empyrean Executive Director - Tom Kelly said: "We are happy to see the Kowalik well flowing to sales early in this test. The operator has not finished clean up operations; therefore we will make a further announcement as those operations are completed."

 

[Lucky_Country]

Seems a bit odd that EME have waited so long after the rest of the jvp to announce flow rates that are 2 days old.
Still some cleaning up to do so flow rates should increase.
I am looking forward to seeing what ADI have to say tommorow

 

[maverick11]

Bit weird EME would release such vague data. Good condensate to gas though!! But how about choke size, pressures and flow duration etc? IMO a decent acid wash should still see many multiples of this. No doubt the aussie JVP will be forced to release an update pre open tomorrow. Hope they get this one wrapped up before the end of the week or all momentum will be lost

 

[Agentm]

Empyrean has been advised by the operator, Texas Crude Energy Inc ("TCEI"), that at 6am on 3 November 2008, the Kowalik-1H well was flowing un-stimulated to sales on test. During the 24 hour period to 6am the well produced 937,000 cubic feet of gas, 321 barrels of oil and 14 barrels of water. The water production is considered to be predominantly drilling and
completion fluids. The well was still producing slugs of drilling mud during the period and had not fully cleaned up.

ok looking at it three distinct things come to mind

1/ not 24 hour test period, imho less than 12

2/ un stimulated

3/ mud hits so not cleaned up


nice little acid job and away you go.. this could become a potentially much bigger producer imho.. great report.. retract all early criticism..

 

[maverick11]

Agentm, if it was less than 12 hours say 8 hours on a small choke then after an acid wash we could expect even 10x this per day i would imagine. Quite possible and it is a long lateral afterall. This week has been annoying - i wish they would just clarify things and get it finished and flowing

 

[Lucky_Country]

Agentm, if it was less than 12 hours say 8 hours on a small choke then after an acid wash we could expect even 10x this per day i would imagine. Quite possible and it is a long lateral afterall. This week has been annoying - i wish they would just clarify things and get it finished and flowing

Just another blow on what is the real story !
I was happier with no flow rates just hold on to see what really is the production of this well not some dribble of info !

 

[solomon]

I just reminded myself that ....

We have ourselves a major 'new' gas and condensate discovery confirmed with Kowalik, and even if the volumes don't blow us all away (and they may yet do that) it doesn't matter. Without the stellar volumes the share price might not go balistic with each new announcement, but I wasn't looking to trade ADI on news anyway, and over the mid term people will come to realise the scope of our 23,000 acres. Every new well will bring in new money chasing oh so few shares.

So note to self, the groundhog is dead!

Second note to self, don't let my emotions run when the price drops a cent or two, the direction is up from here.

Hope you all enjoyed this journey in the inner workings of my mind.

 

[barney]

Good condensate to gas though!! :

A good point that might get overlooked Mav.

The well is "Condensate rich" at 300 barrels per million cf of gas ............. If they can get this thing flowing anywhere half decent, the amount of oil could be pretty amazing .....

 

[gdaf]

I thinik it won't be long before people start to see the picture here.....

This part of the chalks appears extrememly oil rich. If well spacings are anything like what they could be if we get 'oil' classification instead of 'gas', then look out. This will be a major producer IMO.