ADI - Adelphi Energy

onthebeach · 19 December 2009

jestex,

I know that that area is soundly within the "band" from west to east that stretches up into Lavaca county, ultimately. I'm shocked you haven't been leased or at least approached for a lease...

The only things I know about that area are that the courthouse has been extremely active for a couple of years now, and speculation is that most of that has been by/through Pioneer, who has a pretty solid interest through the area.

jestex12 · 19 December 2009

Morning Chris,

My families land has been leased my apologizes for leaving that out. I was just wondering what the progress in the area is. More specifically my families land is about 5 miles south west of Nordheim. The reason for my inquiry is because I live in Southern California and do not frequent the area. I try and make it out to the area every 6 months. I was there in April and have noticed substantial activity just north of our land. Just curious of any word on the street. Any info is humbly appreciated. In advance thanks!

Miner · 19 December 2009

jestex12 said:
Morning Chris,

My families land has been leased my apologizes for leaving that out. I was just wondering what the progress in the area is. More specifically my families land is about 5 miles south west of Nordheim. The reason for my inquiry is because I live in Southern California and do not frequent the area. I try and make it out to the area every 6 months. I was there in April and have noticed substantial activity just north of our land. Just curious of any word on the street. Any info is humbly appreciated. In advance thanks!

Hi Jetsex12

Understand your concern for your family properties in Southern California.

Probably avoiding the SELL of family jewels you may consider using PM mail box than using the open forum. Just a suggestion to keep your privacy intact and letting us to continue to play with ADI postings.

Regards

Agentm · 20 December 2009

thanks for the kind thoughts.. will be many sad days to come i feel..

onthebeach said:
Hello all,

Interesting following this thread. I am a landman with Dewbre Petroleum, and have been looking for any clues as to the success of the EOG Peeler Ranch wells. We are in the process of reviewing our cores from the Eagle Ford, but preliminary results look very promising. Initial log analysis through the section, which is typically not completely trustworthy, indicates roughly 20BCFE per square mile, with, I think, roughly 20% of that being recoverable. Core analysis should be complete around Christmas time.

Word on the street is that EOG was drilling out their plugs post-frac, which of course is a good sign. Anyone else heard any news?

Thanks,

Chris in Texas

hello chris

not heard anything on peeler atm, keeping a close watch on all eog wells, i think in the coming 2 weeks i may find out more on a few of the eog sites

onthebeach said:
Glad to be here. Didn't realize I wasn't the first Texan to invade!

Leasing is of course at full frenzy mode; word from most smaller operators is the opportunity will come to us via too much land leased too quickly. We farmed out from an operator out of Denver b/c they were about to let their lease expire...chances are good several of the bigger outfits will start farming out some of the less desirable acreage (to them, not us!) in the coming year-two years.

I just want to know about this EOG Peeler well! They have quite a gate guard set up out there, and nobody's talking.

plenty of texans post here and many locals are keeping a close watch on progress throughout..

if you look at the antares announcement to the the asx recently they claim the hundley wells have an oil discovery yet i have not seen a single word uttered from eog on those wells. still searching for clues on where that data came from, eog have yet to reply to my email for clarification

onthebeach said:
Just an FYI guys:

Most operators aren't going to frac at year end, especially if they are optimistic, due to taxes. We are taxed for a full year based on initial production, when initial flow rates are obviously higher. Always better to wait until Jan 1.

thanks for that information, i am not entirely sure if the tax issue is of primary concern to the jvp, but you may be well be right on this, i was under the impression a december start was still likely.. but january is obviously not out of contention

jestex12 said:
Hey Chris,

Glad to see you join! I've been monitoring the south texas for well over a year now. I have land in the Nordheim area. I've seen some recent permits by Winn, GeoSouthern, etc. Have you seen any other pickup in this area or heard any news in the Nordheim/Dewitt area??

jess more permits are going in in that region recently, i think a few are eagleford possibilites

jestex12 said:
Morning Chris,

My families land has been leased my apologizes for leaving that out. I was just wondering what the progress in the area is. More specifically my families land is about 5 miles south west of Nordheim. The reason for my inquiry is because I live in Southern California and do not frequent the area. I try and make it out to the area every 6 months. I was there in April and have noticed substantial activity just north of our land. Just curious of any word on the street. Any info is humbly appreciated. In advance thanks!

jestex

pioneer spud of the pickett well 3.0 miles in a NE direction from YORKTOWN took place on the 5th dec.. it will be a eagelford completion.

Miner · 20 December 2009

Agentm said:
thanks for the kind thoughts.. will be many sad days to come i feel..

hello chris

not heard anything on peeler atm, keeping a close watch on all eog wells, i think in the coming 2 weeks i may find out more on a few of the eog sites

plenty of texans post here and many locals are keeping a close watch on progress throughout..

if you look at the antares announcement to the the asx recently they claim the hundley wells have an oil discovery yet i have not seen a single word uttered from eog on those wells. still searching for clues on where that data came from, eog have yet to reply to my email for clarification

thanks for that information, i am not entirely sure if the tax issue is of primary concern to the jvp, but you may be well be right on this, i was under the impression a december start was still likely.. but january is obviously not out of contention

jess more permits are going in in that region recently, i think a few are eagleford possibilites

jestex

pioneer spud of the pickett well 3.0 miles in a NE direction from YORKTOWN took place on the 5th dec.. it will be a eagelford completion.

Welcome Agentm you back in ADI forum

It was a bit less exciting with the absence of your postings.

Hope you are recovering fast and returning to normalcy

Take care and all the best for a better New Year.

Sdajii · 21 December 2009

onthebeach said:
Just an FYI guys:

Most operators aren't going to frac at year end, especially if they are optimistic, due to taxes. We are taxed for a full year based on initial production, when initial flow rates are obviously higher. Always better to wait until Jan 1.

That's interesting, thanks That being the case, why would they have been talking about fracs in November/December? If what you say is correct, perhaps they have some reason to have people expecting fracs too soon (???) I suppose that is already what they seem to have done, so a bit longer would make sense.

Wysiwyg · 21 December 2009

This may seem a bit cynical but the small Aussie oil/gas companies appear to be taking Australian dollars to pay their U.S. drillers and executives and effectively transferring Australian dollars to the U.S. while the mug shareholders in Australia keep throwing money into hastily depleting oil/gas fields with the hope some other mug will push the share price up when the drill gets a sniff of gas.

Aussie oil and gas companies in Texas and surrounds are a joke. Sugarloaf being squeezed for every last drop. Very sad.

nioka · 21 December 2009

Wysiwyg said:
This may seem a bit cynical but the small Aussie oil/gas companies appear to be taking Australian dollars to pay their U.S. drillers and executives and effectively transferring Australian dollars to the U.S. while the mug shareholders in Australia keep throwing money into hastily depleting oil/gas fields with the hope some other mug will push the share price up when the drill gets a sniff of gas.

Aussie oil and gas companies in Texas and surrounds are a joke. Sugarloaf being squeezed for every last drop. Very sad.

As I understand it, the "Small aussie companies" are free carried by an american firm that has farmed in to the Sugarloaf. So now, hopefully, it is US dollars being spent for the benefit of those "small Aussie companies" and their shareholders of which I am one hopefull and holding a good number of shares.

As for sugarloaf being squeezed for every last drop, I hope that happens, that it continues for a very long time and there is plenty of oil and gas to be squeezed out.

Agentm · 21 December 2009

Wysiwyg said:
This may seem a bit cynical but the small Aussie oil/gas companies appear to be taking Australian dollars to pay their U.S. drillers and executives and effectively transferring Australian dollars to the U.S. while the mug shareholders in Australia keep throwing money into hastily depleting oil/gas fields with the hope some other mug will push the share price up when the drill gets a sniff of gas.

Aussie oil and gas companies in Texas and surrounds are a joke. Sugarloaf being squeezed for every last drop. Very sad.

i agree that many aussie small cap drillers are a joke, particularly ones that pay their executives millions upon millions each year, are poorly managed and are only in it for a fat salary.. many are not run by geologists and oilmen, and make wild claims, often they are bankers or some other profession and have NFI how to present a asx release with any honesty and integrity, and many have nfi about the industry they are in.

in regards to this jvp, the 3 involved all share a similar resolve, to not rip off their shareholders and to make this amazing play one that will reward the LTH

there is no hype, no risk of the mug investor not being bamboozled by garbage announcements and false claims.

wysiwyg i agree that the small cap oil explorers have skinned many a punter, but i dont think your post demonstrated any evidence of how this jvp is doing what the others are doing. can you elaborate on what you think is out of the ordinary with adi?

if you check the recent annual reports you will see how these guys are paying themselves very small salaries, are not loading up with free shares and options and have maintained great value for their respective companies throughout this discovery

the eagleford play is a reality now.. the sugarkane in the adi acreages are even more prospective that ever

kowalik in the past few days. getting busy there

thanks for the kind words miner, i put my mother to her final rest this morning.

all those who pm'ed me i thank you also

onthebeach · 22 December 2009

Interesting car ride with a source (to remain nameless) working for EOG on the Peeler wells. They have commenced drilling a 3rd horizontal, between the monitor well and the initial horizontal. We should have our core analysis any time now...will let you know!

Agentm · 22 December 2009

onthebeach said:
Interesting car ride with a source (to remain nameless) working for EOG on the Peeler wells. They have commenced drilling a 3rd horizontal, between the monitor well and the initial horizontal. We should have our core analysis any time now...will let you know!

hey onthebeach

i saw that antares recently declared that eog had an oil discovery in hundley on page 3 of their release last week. they did not quote any sources nor any press releases from eog i noticed..

it was a yellowrose operational update

i emailed eog and asked when they announced hundley publicly and for a copy of the release, as its a pretty big thing imho to have a oil discovery on trend. i know eog have been saying in their last Q&A with the CEO that they would not discuss anything on the eagleford and were not releasing anything on the eagleford while they were leasing

this is their reply to my email

"EOG has not disclosed any additional information on the Eagleford.
Thank you for sending the Antares Energy press release. "

try and figure that out????

i gather that eog are not talking about their well at all but AZZ is claiming a discovery for them.. this is getting stranger by the day?

Speculator · 22 December 2009

Hey guys loving your work

I look forward to each of your new posts Agent and Minor, have found them to be helpful and as unbiased as one can be.

As I am still on my L's I was hoping that I might pick your brains as to how you intend to play ADI if we do get the good news were all hoping for.

Let me be clear I'm not asking for advice but rather am interested in gaining knowledge about the options available to us should the SP start rolling.

As I see it each exit strategy has pros and cons, so I guess I'm trying to figure out the best one for this situation... if you feel you have helpful suggestions I'm all ears but as always I will DMOR.

The two main strats I can think of are to either simply hold and ride for as long as possible... say a predetermind amount of time corresponding to your understanding of where the market and this sector are headed.

Or use TA as best possible and exit after the initial major run.

I guess I'm asking everyones understanding of how a positive result will affect the SP both short and long term.

I assume it would also depend on your investment style/portfolio and cash flow.

If this post was totally noob my apologies.

Looking forward to hearing from you, Cheers.

jestex12 · 22 December 2009

Very interesting read imho regarding emerging natural gas

http://news.yahoo.com/s/ap/us_us_energy_shift

Agentm · 22 December 2009

frac program and next well to happen before all three fracs have finished

22 December 2009

Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000

Via ASX Online

SUGARLOAF OPERATIONS UPDATE

Adelphi Energy Limited (“Adelphi”) is pleased to provide the following update on preparations within the Sugarloaf Area of Mutual Interest (“AMI”) for the first phase of the farm-in work program as outlined in recent announcements.
The first of the three existing horizontal wells to be stimulated will be the Kowalik #1H well and the equipment and services are scheduled to be on site to commence operations on 28 December 2009.

The horizontal section in the well has approximately 3,800 ft of slotted liner and then a further 850 ft of conventional solid liner in place. The plan is to stimulate the slotted section with a single large treatment and the conventional solid section of the liner will be treated in four stages with an isolation plug between each one. This program will take approximately seven
days to complete and the well will then be cleaned up and flowed to sales.
The stimulation approach to be used on the Kowalik #1H well is dictated by the slotted liner in place in the well and whilst it differs from our preferred stimulation program planned for the other wells, it is expected to improve upon the productivity observed to date.

The fracture stimulations at Kennedy #1H and Weston #1H are presently scheduled to commence at the end of January 2010 and early February 2010, respectively. The timing of these operations has been impacted by the availability of fracture stimulation equipment as a result of the ramp up in activity within the Eagle Ford Shale trend.

As these wells have cemented solid liners in place they will be stimulated in stages along their length with 14 and 13 stages, respectively. It is anticipated that it will take approximately 10 - 14 days to complete the stimulation operations on each well.

Work has now commenced in preparation for the drilling of the first new Sugarloaf well as part of the farmout program that was announced on 21 September 2009. It is anticipated that the first well will spud in early 2010, ahead of the completion of the frac program on the existing three wells.

A further announcement will be made once fracture stimulation operations commence at the Kowalik #1H well.

Miner · 22 December 2009

Agentm said:
frac program and next well to happen before all three fracs have finished

22 December 2009

Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000

Via ASX Online

SUGARLOAF OPERATIONS UPDATE

Adelphi Energy Limited (“Adelphi”) is pleased to provide the following update on preparations within the Sugarloaf Area of Mutual Interest (“AMI”) for the first phase of the farm-in work program as outlined in recent announcements.
The first of the three existing horizontal wells to be stimulated will be the Kowalik #1H well and the equipment and services are scheduled to be on site to commence operations on 28 December 2009.

The horizontal section in the well has approximately 3,800 ft of slotted liner and then a further 850 ft of conventional solid liner in place. The plan is to stimulate the slotted section with a single large treatment and the conventional solid section of the liner will be treated in four stages with an isolation plug between each one. This program will take approximately seven
days to complete and the well will then be cleaned up and flowed to sales.
The stimulation approach to be used on the Kowalik #1H well is dictated by the slotted liner in place in the well and whilst it differs from our preferred stimulation program planned for the other wells, it is expected to improve upon the productivity observed to date.

The fracture stimulations at Kennedy #1H and Weston #1H are presently scheduled to commence at the end of January 2010 and early February 2010, respectively. The timing of these operations has been impacted by the availability of fracture stimulation equipment as a result of the ramp up in activity within the Eagle Ford Shale trend.

As these wells have cemented solid liners in place they will be stimulated in stages along their length with 14 and 13 stages, respectively. It is anticipated that it will take approximately 10 - 14 days to complete the stimulation operations on each well.

Work has now commenced in preparation for the drilling of the first new Sugarloaf well as part of the farmout program that was announced on 21 September 2009. It is anticipated that the first well will spud in early 2010, ahead of the completion of the frac program on the existing three wells.

A further announcement will be made once fracture stimulation operations commence at the Kowalik #1H well.

Damn

I thought for a change I will be smart and post this announcement before Agentm does. But Agentm probably sleeps at Sugarloaf and never misses a drop of penny in ADI.

Thanks mate, so I can sleep well with you in the door. Just wake me up when ADI rises at 20 cents following the announcement on fracture simulation operations at Kowalik and spudding of first well in early 2010.

estseon · 22 December 2009

Speculator said:
Hey guys loving your work

I look forward to each of your new posts Agent and Minor, have found them to be helpful and as unbiased as one can be.

As I am still on my L's I was hoping that I might pick your brains as to how you intend to play ADI if we do get the good news were all hoping for.

Let me be clear I'm not asking for advice but rather am interested in gaining knowledge about the options available to us should the SP start rolling.

As I see it each exit strategy has pros and cons, so I guess I'm trying to figure out the best one for this situation... if you feel you have helpful suggestions I'm all ears but as always I will DMOR.

The two main strats I can think of are to either simply hold and ride for as long as possible... say a predetermind amount of time corresponding to your understanding of where the market and this sector are headed.

Or use TA as best possible and exit after the initial major run.

I guess I'm asking everyones understanding of how a positive result will affect the SP both short and long term.

I assume it would also depend on your investment style/portfolio and cash flow.

If this post was totally noob my apologies.

Looking forward to hearing from you, Cheers.

Hey, Speculator,

We now have a bit of a timeline.

I have a firm plan but it's always subject to revision in the light of actual share price movement.

I will sell at least 1/3rd of my stock for AUD 2 or more and probably the balance for AUD 4 or more.

It's the variables that I have trouble with:

Flow rates
Reserves estimates (possibly after completion and testing of 3rd new well)
Development plan (by JVP)
Big Oil Co interest - Exxon may be satiated but what about Centrica, for instance?
Projections for gas/light oil prices (market perception of such is more important)
Renewed confidence and enthusiasm for ADI
"Other opportunities" that ADI may be looking at.

Plug estimates of these into a spreadsheet and you will get something only just a little more reliable than the global temperature projections being produced by a lot of expensive machinery all round the developed world. Seeing as there is still no explanation of "the little ice age" that froze the Thames and wiped out the Norsemen settlements in Greenland (and, apparently, heralded the Black Death), I am a little cynical about people who can't explain the past climate claiming ability to reliably project the future. But, if it improves the market for our gas, bring it on.....

onthebeach · 23 December 2009

EOG permitted a 4th Peeler horizontal yesterday. This is getting good. We have preliminary sidewall core analysis back but we still don't have total organic compounds/etc, so the information we do have only tells us that we have ~150' of (very slightly) permeable shale in the EagleFord. Stay tuned!

Miner · 23 December 2009

onthebeach said:
EOG permitted a 4th Peeler horizontal yesterday. This is getting good. We have preliminary sidewall core analysis back but we still don't have total organic compounds/etc, so the information we do have only tells us that we have ~150' of (very slightly) permeable shale in the EagleFord. Stay tuned!

Buddy On The Beach thanks for the optimism.

But who are WE here ? You while watching on the beach , ADI directors, punters, ASF people or just the current shareholders (assuming you are also in the share holder club).

Let ADI rise against the tide and WE (the current shareholders and believers) are happy Chappy

jancha · 23 December 2009

Miner said:
Buddy On The Beach thanks for the optimism.

But who are WE here ? You while watching on the beach , ADI directors, punters, ASF people or just the current shareholders (assuming you are also in the share holder club).

Let ADI rise against the tide and WE (the current shareholders and believers) are happy Chappy

Looks like the tides coming in on speculation of ADI latest annoucement. Hopefully it's a king tide.

Agentm · 23 December 2009

jancha said:
Looks like the tides coming in on speculation of ADI latest annoucement. Hopefully it's a king tide.

hilcorp are about to embark on a 10 well drilling campaign the first 3 or which will be free carried for adi. all in 2010

it is clear the first well will be spudded in early 2010, very possibly in january and feb the latest

the current frac ops on the 3 wells will mean immediate revenue for adi

the farm in deal was designed to make things happen, to explore and develop the entire play. and hilcorp has the capacity to make it happen.

very interesting days ahead now.

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