ADI - Adelphi Energy

[adobee]

starting trying to buy some more today round 17 & 18c ...
only small parcels.. but am feeling positive about this one .. soon as someone picks up the rest of my rog I will buy some more .. Portfolio now consists of 70% CTP & 30% ADI ... BOUYAKACHA!

 

[sam76]

starting trying to buy some more today round 17 & 18c ...
only small parcels.. but am feeling positive about this one .. soon as someone picks up the rest of my rog I will buy some more .. Portfolio now consists of 70% CTP & 30% ADI ... BOUYAKACHA!

I reckon you should just buy 'at market'

EVERYONE would jump in if they saw someone buy that way.

'gotta get me some ADI before they're all gone!'

So many people on the sidelines it's not funny.

 

[Lucky_Country]

KOWALIK #1H FRACTURE STIMULATION UPDATE & NEW WELL PREPARATIONS
Kowalik #1H Fracture Stimulation Program
Adelphi Energy Limited (“Adelphi”) provides the following update on the fracture stimulation
operations at the Kowalik #1H well:
As previously reported the pumping operations commenced on 28 December 2009 (US CST)
with the first stage comprising of four phases targeting the horizontal 3,800 ft of slotted liner.
After 22 hours of continuous pumping and during the fourth phase of the stimulation program
an anomalous pressure drop was noted and operations were suspended to allow further
investigation. At this point the first three phases had been successfully completed with over
80% of the planned fluids for this stage having been pumped with encouraging real time
indicators of the stimulation.
Following the investigation the Operator has elected to run a tie back string of 5
½ casing from the top of the liner to surface. Thereafter an isolation plug, which has been
set in the liner as part of the investigation, will be removed and the well flowed to surface.
The fracture equipment has demobilised and a rig is now moving on to location to carry out
the abovementioned work. It is presently estimated that the Kowalik well will be flowed to
production in 1-2 weeks.
First New Well Under Farmin Agreement
Preparations and planning is now underway for the first farmin well at Sugarloaf, the Easley
#1H well, which will be located approximately 2km to the north east of the Weston #1H well.
As previously reported, this well is expected to be spudded during the month of January 2010.

Yet more delays am I ever going to get a result ?

How long is a piece of string waiting waiting waiting gees its geeting to me now !

 

[Agentm]

Lucky_Country

there were 3 phases completed in the slotted liner,, think it through, then 22 hours in the forth the pressure dropped

so they say they are putting in a 5 1/2 inch liner, so why do that?

once they have the liner in they will flow it.. so wait for the results

of course its disappointing to have events like this, but it part and parcel of drilling.

i am mostly interested in what the 80% of the frac has the ability to deliver, if they are saying:

At this point the first three phases had been successfully completed with over 80% of the planned fluids for this stage having been pumped with encouraging real time indicators of the stimulation.


then to put that into an announcement means something, they are only announcing what happened and what they do know..

imho the sellers atm have no idea what the announcement is telling them, its not exactly clear in the report what the reasons are, its guessing, so it would be incorrect to state them.. but its obvious that the 5 1/2 inch liner is not being put there unless its part of what may be contributing to the problem

some of the more experienced may want to hazard an opinion, but i dont see any problem other than a pressure drop and remedy..

 

[adobee]

starting trying to buy some more today round 17 & 18c ...
only small parcels.. but am feeling positive about this one .. soon as someone picks up the rest of my rog I will buy some more .. Portfolio now consists of 70% CTP & 30% ADI ... BOUYAKACHA!

you wouldnt read about it .. come back to my desk .. and we dropped to 15c .. apart from the time frame cant see why anyone would start selling now ..

 

[Lucky_Country]

Lucky_Country

there were 3 phases completed in the slotted liner,, think it through, then 22 hours in the forth the pressure dropped

so they say they are putting in a 5 1/2 inch liner, so why do that?

once they have the liner in they will flow it.. so wait for the results

of course its disappointing to have events like this, but it part and parcel of drilling.

i am mostly interested in what the 80% of the frac has the ability to deliver, if they are saying:

At this point the first three phases had been successfully completed with over 80% of the planned fluids for this stage having been pumped with encouraging real time indicators of the stimulation.


then to put that into an announcement means something, they are only announcing what happened and what they do know..

imho the sellers atm have no idea what the announcement is telling them, its not exactly clear in the report what the reasons are, its guessing, so it would be incorrect to state them.. but its obvious that the 5 1/2 inch liner is not being put there unless its part of what may be contributing to the problem

some of the more experienced may want to hazard an opinion, but i dont see any problem other than a pressure drop and remedy..

Hey AgentM

Im just venting my frustration at yet a gain some sort of delay and problem its just been a long road that we have been on.

Im sure things will work out just the way we had hoped just taking longer than any of us had hoped.

 

[Agentm]

adobee

its just the way it goes, i think adi has possibly more day traders sitting on it, and lack of understand may contribute to the selling in earnest


its clear that aut has not moved, and eka only .05 of cent.. hardly a panic there, its just day traders imho not understanding the big picture, and thinking the worst..

look at azz for example, the frac there should have been completed weeks ago, they have gone from announcing day in day out on anything, to total silence.. so you have to accept they have most probably have big down hole issues, and you have to accept further that as a shareholder there your not going to get the information about it..

the jvp adi is in is quite prepared to announce the facts here, adi is never going to hype it up nor are they going to disguise a down hole issue like this.

your not putting a liner in a hole unless you need to.. think it through

its a bit of a pity but no disaster at all..

when they say they have encouraging indicators then its waht they have..

lets wait for the flow..

all imho and dyor

 

[jancha]

adobee

its just the way it goes, i think adi has possibly more day traders sitting on it, and lack of understand may contribute to the selling in earnest


its clear that aut has not moved, and eka only .05 of cent.. hardly a panic there, its just day traders imho not understanding the big picture, and thinking the worst..

look at azz for example, the frac there should have been completed weeks ago, they have gone from announcing day in day out on anything, to total silence.. so you have to accept they have most probably have big down hole issues, and you have to accept further that as a shareholder there your not going to get the information about it..

the jvp adi is in is quite prepared to announce the facts here, adi is never going to hype it up nor are they going to disguise a down hole issue like this.

your not putting a liner in a hole unless you need to.. think it through

its a bit of a pity but no disaster at all..

when they say they have encouraging indicators then its waht they have..

lets wait for the flow..

all imho and dyor

Hi Agentm. Lack of understanding is probably correct.
Could you explain what the purpose of the 5 1/2inch liner is?
Or better still could you suggest a web site i can go to for better understanding of that similar type of set up. Thanks in advance

 

[Agentm]

Hi Agentm. Lack of understanding is probably correct.
Could you explain what the purpose of the 5 1/2inch liner is?
Or better still could you suggest a web site i can go to for better understanding of that similar type of set up. Thanks in advance

jancha

i think there is plenty to be learned in dyor, i cant point you anywhere, and cant advise.. some people may conclude the press drop out was formation derived, others may conclude that it was equipment failure in the well..

theres indications in the announcement on what the jvp is working on atm, what remedy they see for the well.

only facts are being posted there..

the actual conclusion on what caused the drop off wont be known until the well flows.. believe it or not..

 

[choppy]

Agent

This is pure speculation on my part but I am guessing they parted the casing in the slotted horizontal or the vertical part of the well. For this reason they are running a liner to maintain the integrity of their wellbore. There would be no other reason (off the top of my head) to run a liner at this point because the well is already cased.

P.S. I have heard that AZZ has casing problems in their well also and are debating on what to do.

 

[onthebeach]

omthebeach may know more, but i did post a while ago that pipline companies were gearing up for the eagleford, they were servicng liveoak wilson atascosa gonzales i believe.. imho with eog really pushing out the wells, these pipeline companies are increasing capacity and upgrading their stations.. eog in karnes have many rigs on the go, as well as atascosa and possibly still in mcmullen

Pipelines, marketers and the whole lot = foaming at the mouth at the new opportunity created by all the new exploration in what was previously almost all small-time oil production country. A new 42" lateral was going in, N to S along hwy 86 (I forget) from Crystal City to Carrizo Springs. I believe that was a Kinder Morgan line. Smaller gatherers are analyzing their throughput options all throughout the play. My dad is a gas marketer, so I'm fairly hip to what's happening up there. In a nutshell, they're gearing up, but pipeline infrastructure takes a while.

 

[Agentm]

Agent

This is pure speculation on my part but I am guessing they parted the casing in the slotted horizontal or the vertical part of the well. For this reason they are running a liner to maintain the integrity of their wellbore. There would be no other reason (off the top of my head) to run a liner at this point because the well is already cased.

P.S. I have heard that AZZ has casing problems in their well also and are debating on what to do.

i think your possibly right choppy, it makes sense when your announcing a liner..

re azz... hearing the same choppy

but whats interesting is they cant seem to hype it up to the market.. dead silence there..

onthebeach

thanks for the input, its more or less how i am seeing it.

on the beach, i am hearing there is a well or 2 in gonzales county that eclipsed bordovsky by factors of many times.. have you heard anything on the eog ops there?

 

[Father Ted]

Hi agentm

regarding the Kow, do you think that they will go back and frac the final 850 ft in the solid liner, using the 4 section frac as originally intended? - or call it a day?

regards

ft

 

[onthebeach]

onthebeach

thanks for the input, its more or less how i am seeing it.

on the beach, i am hearing there is a well or 2 in gonzales county that eclipsed bordovsky by factors of many times.. have you heard anything on the eog ops there?

Haven't heard about anything that far East, but I will be drinking a few beers tonight with one of EOG's area drilling engineers while watching the football game. Will let you know how many beans are spilled

 

[Ramblin Round]

Can someone brief me on the relationship between the Sugarloaf and Eagle Ford plays ? i.e- what does one have to do with another. In layman's terms that is.

I finally found a broker who can help me invest shares in Adelphi. I think I'll be holding in a few days and don't want to miss out before something big is announced.

Do your own research before investing. I am investing what I can afford to lose but this might turn into a long term holding if the flows are as expected from this and future wells.

Best luck to all.

 

[Agentm]

Hi agentm

regarding the Kow, do you think that they will go back and frac the final 850 ft in the solid liner, using the 4 section frac as originally intended? - or call it a day?

regards

ft

father

they will flow it first, i am sure once that is done they can look at the multistage section closer

Haven't heard about anything that far East, but I will be drinking a few beers tonight with one of EOG's area drilling engineers while watching the football game. Will let you know how many beans are spilled

i want to watch that game tonight, so dont let on if texas wins until tomorrow ok!

try and get him tanked and grill him on the gonzales wells

Can someone brief me on the relationship between the Sugarloaf and Eagle Ford plays ? i.e- what does one have to do with another. In layman's terms that is.

I finally found a broker who can help me invest shares in Adelphi. I think I'll be holding in a few days and don't want to miss out before something big is announced.

Do your own research before investing. I am investing what I can afford to lose but this might turn into a long term holding if the flows are as expected from this and future wells.

Best luck to all.

theres a lot of signs that the eagleford and chalks are active in the acreages

the sugarkane is a play that conoco has named, its the combination of the chalsk and eagelford

OIL AND GAS DOCKET NO. 02-0261131
PAGE 2
DISCUSSION OF EVIDENCE
The Sugarkane (Cretaceous) Field was discovered in September 2006. The field is classified as a non-associated gas field and operates under Statewide Rules. Two wells are carried on the proration schedule with one vertical well operated by Burlington and one horizontal well operated by Texas Crude Energy, Inc. (“Texas Crude”). However, Burlington has drilled and completed one additional vertical well and three horizontal wells that are not yet listed on the schedule. Production is from a depth of approximately 11,400
feet and the initial reservoir pressure and temperature was 8,653 psia and 287 degree F.

Cumulative production from the field through February 2009 is 324 MMCFG and 63.4 MBC.

Burlington requests that the correlative interval from 11,360 feet to 11,662 feet as shown on the log of the Burlington Resources O & G Co., LP - Kunde Lease, Well No. 1 (API No. 42-297-34621), be considered a single field known as the Sugarkane (Cretaceous) Field. The proposed interval is bounded above by the Pecan Gap Shale and below by the tight Buda Limestone, both of which provide reservoir pressure seals. The Cretaceous formation was deposited in a deep shelf environment and is composed of
limestone with inter-bedded calcareous shales. The formation also contains natural fractures that enhance hydrocarbon production.

The discovery well for the field was the Burlington - Kunde Lease, Well No. 1.
The well was a vertical well and was completed from 11,440 feet to 11,520 feet. This well was permanently classified as a gas well based on PVT analysis performed on September 12, 2006 and submitted for the well during a hearing held on February 9, 2007 in Oil & Gas Docket No. 02-0250021. The recombined fluid was evaluated during a Constant Composition Expansion (“CCE”) at pressures ranging from 8,000 psia down to 500 psia.

The original reservoir pressure was 8,653 psia and the results of the CCE indicates the reservoir fluid exists as a single phase gas until the reservoir pressure reaches 5,072 psia, the retrograde dew point pressure.
Compositional analysis indicates the full wellstream to be 61.5 mol% methane and 10.4 mol% heptanes plus. The maximum retrograde liquid as
a percent of hydrocarbon pore volume is 32.4% at 3,000 psia. The liquid sample had a gravity of 57.5 degree API and a straw color.

The second well completed in the field was the Burlington - Baker Family Trust
Lease, Well No. 1. The well was a horizontal well and was completed from 12,071 feet to 12,248 feet TVD. The PVT analysis for the well was performed on a fluid sample taken from the well on April 14, 2008. The recombined fluid was evaluated during a CCE at pressures ranging from 12,022 psia down to 1,616 psia. The original reservoir pressure was 9,678 psia and the results of the CCE indicates the reservoir fluid exists as a single
phase gas until the reservoir pressure reaches 4,216 psia, the retrograde dew point pressure. Compositional analysis indicates the full wellstream to be 67.1 mol% methane and 7.2 mol% heptanes plus. The maximum retrograde liquid as a percent of hydrocarbon pore volume is 13.3% at 2,014 psia. The liquid sample had a gravity of 57.0 degree API and a straw color.

OIL AND GAS DOCKET NO. 02-0261131 PAGE 3

The third well completed in the field was the Burlington - Kunde Lease, Well No. 3. The well was a horizontal well and was completed from 11,805 feet to 14,405 feet MD. The PVT analysis for the well was performed on a fluid sample taken from the well on June 27, 2008. The recombined fluid was evaluated during a CCE at pressures ranging from 10,000 psia down to 500 psia. The original reservoir pressure was 9,029 psia and the results of
the CCE indicates the reservoir fluid exists as a single phase gas until the reservoir pressure reaches 4,669 psia, the retrograde dew point pressure. Compositional analysis indicates the full wellstream to be 61.7 mol% methane and 10.1 mol% heptanes plus. The maximum retrograde liquid as a percent of hydrocarbon pore volume is 27.5% at 3,000 psia. The liquid sample had a gravity of 52.9 degree API and a straw color.

The fourth well completed in the field was the Texas Crude - Kennedy Lease, Well No. 1H. The well was a horizontal well and was completed from 12,232 feet to 12,253 feet TVD. The PVT analysis for the well was performed on a fluid sample taken from the well on November 20, 2008. The recombined fluid was evaluated during a CCE at pressures ranging from 9,000 psia down to 500 psia. The original reservoir pressure was 7,975 psia and the results of the CCE indicates the reservoir fluid exists as a single phase gas until the reservoir pressure reaches 4,435 psia, the retrograde dew point pressure.
Compositional analysis indicates the full wellstream to be 61.5 mol% methane and 10.2 mol% heptanes plus. The maximum retrograde liquid as a percent of hydrocarbon pore volume is 29.5% at 3,500 psia. The liquid sample had a gravity of 57.8 degree API and a straw color.

The fifth well completed in the field was the Burlington - Baker Family Trust Lease, Well No. 2. The well was a horizontal well and was completed from 12,165 feet to 12,316 feet TVD. No PVT analysis was performed on this well.
The sixth well completed in the field was the Burlington - Marlene Olson Lease, Well No. 1. The well was a vertical well and was completed from 12,026 feet to 12,213 feet. The PVT analysis for the well was performed on a fluid sample taken from the well on December 18, 2008. The recombined fluid was evaluated during a CCE at pressures ranging from 12,015 psia down to 2,430 psia. The original reservoir pressure was 9,439 psia and the results of the CCE indicates the reservoir fluid exists as a single phase gas
until the reservoir pressure reaches 4,422 psia, the retrograde dew point pressure.
Compositional analysis indicates the full wellstream to be 67.7 mol% methane and 7.0 mol% heptanes plus. The maximum retrograde liquid as a percent of hydrocarbon pore volume is 16.5% at 2,430 psia. The liquid sample had a gravity of 54.0 degree API and a straw color.
Statewide Rule 79 defines a gas well as “....A well which produces hydrocarbon liquids, a part of which is formed by a condensation from a gas phase and a part of which is crude petroleum oil, shall be classified as a gas well unless there is produced one barrel or more of crude petroleum oil per 100,000 cubic feet of natural gas; and that the term “crude petroleum oil” shall not be construed to mean any liquid hydrocarbon mixture or portion thereof which is not in the liquid phase in the reservoir, removed from the reservoir

OIL AND GAS DOCKET NO. 02-0261131 PAGE 4

in such liquid phase, and obtained at the surface as such.”

Burlington believes that because the liquid hydrocarbons in this reservoir are
essentially non-existent, any liquid produced at the surface does not meet the definition of “crude petroleum oil”. Instead, the produced liquid is a product of condensation and should not be used as a basis for classification of the wells as oil wells.

Burlington also believes that all wells in the field should be permanently classified as gas wells, based on the available data for current wells in the field. All five of the wells that had PVT analysis performed in the field have passed most of the requirements for administrative classification as gas wells. Any additional wells completed in the field are expected to exhibit similar fluid characteristics and additional PVT analysis is unnecessary
for classification of wells as gas wells.

hope it helps.. no one really believes this apart from the lth in the jvp

 

[Agentm]

eog had a problem with lyssy 2 and plugged that well, and decided not to try a sidetrack that they put a permit in for..

new permit for eog lyssy 6, which is a replacement for the eog lyssy 2 h well that had problems and was plugged a few days ago

dan hughes has a further permit, next to the darlene 1 (drilled) and darlene 2 (currently drilling) KASPRZYK-JENDRUSCH UNIT 1h

 

[Agentm]

repost of regional activity

3 regional views

bordovsky with conoco eog pioneer and murphy

north of kowalik with adi and eaog and dan hughes

adi wells and conoco wells

 

[Ramblin Round]

theres a lot of signs that the eagleford and chalks are active in the acreages

the sugarkane is a play that conoco has named, its the combination of the chalsk and eagelford

And just that I understand, what exactly does Adelphi have to do with all of this ??? In layman's terms again that is. Thank you.

 

[Agentm]

adi are in a jvp with tcei and hilcorp and a few other companies and hold a position in the acreages.

best read up on the adi website as to their position and also reference from there their last annual report and presentations

http://adelphienergy.com.au/