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ADI - Adelphi Energy

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Yes thank you. i have already been through all thedata on their website with a fine tooth comb. The investors presentation PP was my favorite.

Are there any Texas based production companies starting up based on this play that you know of ?
 
What is the relationship of Buru Energy to Adelphi ?


Other than Streitberg and Graham Riley who work for both companies ?

Do these people just run around starting businesses or are these more hot penny picks that stand to explode with ADI ?

Buru Energy's secretary Ms Kirsten Cadle resigned in 2008 and joined Adelphi. She just recently resigned from Adelphi and was replaced with Alex Forcke.

All of this was factual research discovered today while doing Google searches. What does it all mean ? What is the replationship between Adelphi and Buru Energy other than sharing the same graphiics for their websites ? And having same executive directors ?
 
Ramblin Round said:
ARC/Buru merger. Could Adelphi be setting up for the next one ? Is that good or bad for the company ?


http://www.arcenergy.com.au/
Click to expand...

ramblin

give them a call, speak to alex or chris, they can fill you in.. these no secret agendas nor cloak and dagger secrets,

adi was a offshoot of arc energy (now awe) buru an offshoot of the awe-arc energy merger/buyout.. buru contains the canning basin asset awe did not want.. its run by eric, a major shareholder and director of adi.

adi was set up to explore high risk high reward targets only, ones that arc back then would not be prudent to explore..

thats a 10 second version, but seriously, give them a ring, they will help you with all details of the company
 
Thanks for the info. I'm not hunting for bad news or conspiracies, just hunting for information. Thanks for the advice.



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Ramblin Round said:
Thanks for the info. I'm not hunting for bad news or conspiracies, just hunting for information. Thanks for the advice.



........................................................
Click to expand...

the annual report is pretty spot on

get rid of yemen, (partly completed) and use the cash on sugarkane and any new projects..

the sugarkane will keep adi on its toes this year, with 10 wells at a minimum and there being no question that more than 1 rig could easily be added, which would increase the well count many times over..

i am anticipating that hilcorp and tcei would in all liklihood escalate the program without much of a problem, other than the ability of the jvp to keep up.. the farmin imho was designed to allow the partner to meet minimum requirements, and its clear its not set at max.. imho that aspect is not being considered by many atm..

could easily become a whole new program imho

kowalik a few days back

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Posted Today in the American Association of Petroleum Geologists:

---------------------------------------
Eagle Ford Joins Shale Elite
By LOUISE S. DURHAM, EXPLORER Correspondent

A still-fledgling shale gas play appears to be on the cusp of snagging a sizeable spot in the limelight alongside U.S. shale gas heavyweights such as the Haynesville, Marcellus, Barnett and others.

The newbie lies in south Texas in the Cretaceous Eagle Ford shale, which is long known for sourcing hydrocarbons to Austin Chalk fields as well as the renowned East Texas field. The play extends from near the Mexican border outward to the east/northeast across several counties.

It’s early in the drilling game, but so far the shale appears to offer relatively high well production rates and low drilling costs – a combo essentially guaranteed to warm the heart of any operator.

This being Texas, there’s plenty of oil and gas infrastructure in place, along with large areas of ranch land available for leasing from owners long comfortable with – and knowledgeable about – the industry.

In other words, this won’t be a repeat of the earlier frenzied leasing activity in the still-relatively new Jurassic Haynesville shale play concentrated in northwest Louisiana. As the hype intensified there, landowners began demanding – and receiving – lease bonuses that soared into the stratosphere in many instances.

Petrohawk Energy Corp., which has hit significant home runs in the Haynesville play, was first up to the plate in the Eagle Ford play, where it now has 16 wells on production.

The company drilled the discovery well – the STS-241 #1H – in the fall of 2008 in what would be christened Hawkville Field. The horizontal well in LaSalle County flowed 7.6 MMcf and 250 barrels of condensate per day from the Eagle Ford.

Petrohawk validated the play when it moved about 14 miles to the southwest and drilled the Dora Martin #1-H.

In contrast to the discovery well, the horizontally drilled Dora Martin tested 8.3 MMcf/d with no condensate, even though completed at essentially the same TVD of 11,500 feet.

‘Something Funky’:
This difference in production makeup is an intriguing aspect of the play.

The Hawkville, where Petrohawk holds 216,000 net acres, is in a kind of mini-basin, or natural topographic low, containing high porosity and high-resistivity facies, and positioned between the Edwards and the Sligo shelf margins.

The field is characterized by a downdip dry gas play in the southwest, a mid-dip gas/condensate and an updip oil play.

“There’s something funky going on,” said AAPG member Dick Stoneburner, executive vice president and COO at Petrohawk. “There’s burial history or a lot of things you can throw into the equation on why there are different thermal maturities at each end.

“We think it’s pretty clear it’s mainly a function of burial history,” he said. “The southwest end of the field at one part was considerably deeper than today, but it’s been uplifted.

“This is a plausible interpretation based on the presence of the Chittim arch, which is a prominent Laramide feature,” Stoneburner said. “That would have had the ability to affect that end of the field and have it uplifted to the present depth, so the theory has support based on burial history and regional tectonics.”

With regard to mineralogical makeup, the Eagle Ford is a different breed of cat from what you might expect in a shale. Some samples contain as much as 70 percent calcite and a goodly bit of silica, with average clay content tallying 11 percent, according to Stoneburner.

“It’s very brittle rock and not water sensitive,” he said. “It has the perfect mineralogical makeup for a shale gas play.”

He noted that the Eagle Ford is so full of gas and so permeable, the rock actually falls apart as the gas is liberated when a core is brought up to, say, 15 pounds of pressure.

“We haven’t seen any fracturing in the Eagle Ford core data we’ve seen,” Stoneburner commented. “This is a key difference with the Haynesville.”

The Price Is Right:

The Eagle Ford wells appear to lack the high deliverability or ultimate recovery potential of the impressive Haynesville shale wells, but they’re far less expensive on a per well basis. In fact, the development cost comparison between the Haynesville, Marcellus and Eagle Ford indicates they’re very comparable, according to Stoneburner.

He noted Petrohawk’s first Eagle Ford well topped out at $14 million and required 60 days from spud date to TD. The last 10 wells they drilled averaged about 17 drilling days and ran up an average tab of $5 million each.

Stoneburner emphasized geophysical support helped considerably to extend the limits of Hawkville beyond what was originally mapped. The field now spans 90 miles east-west and 15 miles north-south.

The company has an extensive 2-D grid and anticipates receiving its first set of 3-D data in the first quarter of 2010. More 3-D data will be coming in later, which is a good thing given that Petrohawk has latched on to yet another 25,000 net acres outside Hawkville.

Pioneer Natural Resources recently announced a major Eagle Ford discovery near Pawnee Field in Live Oak County about 60 miles southeast of San Antonio.

The Sinor #5 well reportedly flowed at an initial rate of approximately 8.3 MMcf/d and 500 barrels of condensate per day. The well was completed in a 2,300-foot lateral with a nine-stage frac stimulation. It reached a TVD of approximately 13,000 feet.

According to Scott Sheffield, chairman and CEO at Pioneer, the initial results of the well were highly encouraging, particularly given the significant volume of condensate and natural gas liquids. A second well has kicked off, and more are planned across the company’s reported 310,000 gross acres in the play.

Pioneer has considerable experience drilling horizontal wells in the Edwards section, underlying the Eagle Ford.

Leasing activity is going gangbusters throughout the play where a number of other familiar names are in the game, including EOG, Swift, Anadarko and St. Mary Land & Exploration.

Perhaps the most profound yet unspoken statement about the play’s potential is that the big guys are here as well.

Both ConocoPhillips and Exxon Mobil have reportedly acquired large acreage positions but are keeping mum on their plans.

Optimism rules:

“The recent results of other active players in the trend bodes very well for establishment of a much more regional accumulation than just Hawkville field,” Stoneburner said, “and we’re encouraged by the success of other players and the expansion of the play.

“We think the activity will change dramatically over the course of the next year,” he added, “and change positively.”
 
this site is so much more easy to post on.. mention that adi has value on hc and you get nailed!

jestex, the article is great,, read this one?

http://stocks.investopedia.com/stoc...le-Ford-Shale-HK-COP-SM-ROSE-APC-EPD0111.aspx



CORRECTED Murphy Oil Announces Results from First Eagle Ford Shale Well and Update of Drilling Activities

EL DORADO, Ark. - (Business Wire) Murphy Oil Corporation (NYSE: MUR) announced encouraging results from their first well drilled in the Eagle Ford Shale in McMullen County, Texas. Two appraisal wells drilled in Malaysia encountered less than prognosticated oil pays and were abandoned. In the Gulf of Mexico, the Company announced its participation in the Deep Blue prospect currently being drilled in Green Canyon.

A discovery was made at the George Miles #1H well in the Eagle Ford Shale in South Texas. The well was drilled vertically to a depth of 13,320 feet then completed in a 3,190 ft. horizontal section with a 13 stage fracture stimulation. The well flowed at an initial rate of approximately 7.5 million cubic feet of natural gas per day. President and Chief Executive Officer, David M. Wood, commented “We are very pleased by the results of our first well in this promising Eagle Ford Shale play and by the quality of the acreage we have accumulated. We are currently drilling our second well in Karnes County to evaluate another tranche of our leasehold, and expect to stay very active in this play throughout the year.”
 
That George Miles well seems to be in the dry gas zone and it's quite deep.

According to EME accounts, Kennedy was 11,845, Kowalik 11,970 and Weston 11,916 vertical depth (kick off). The fraccing was slightly more aggressive: every 245 ft length vs 270 ft length planned by ADI. I don't know if that means anything.

Of more interest will be their next one in our county.
 
Worlds Largest Producer of Natural Gas?? Now It's The U.S.!!

http://seekingalpha.com/article/182347-worlds-largest-producer-of-natural-gas-now-it-s-u-s


6 Stocks Headed For Explosive Growth In Eagle Ford Shale

The Eagle Ford Shale will break out of the shale pack in 2010, as the exploration and production industry accelerates its development in South Texas. The area remains attractive due to its low break-even cost, high liquids content and large lease sizes relative to other shale plays.

Petrohawk Energy (NYSE:HK) is one of the acknowledged leaders in the Eagle Ford Shale, and has 225,000 net acres under lease, with as many as 2,700 net drilling locations. The company is devoting $350 million in capital here in 2010, and plans a total of 82 operated and non-operated wells.

In 2010, the play moves to the Northeast of current development, where Petrohawk Energy has identified an oil formation at its Red Hawk prospect. This area is 89,000 net acres. The company started a well in December 2009, and should have results in early 2010.

Lots Of Liquid
The Eagle Ford Shale is currently attractive because of the high amount of liquids and condensate in the mix. Conoco Phillips (NYSE:COP) is one of the few majors in the play, with approximately 300,000 acres under lease. The company recently drilled the Bordovsky A-7 well, which was flowing at a production rate of four million cubic feet per day of natural gas, along with 1,500 barrels per day of condensate.

This high liquid content makes the Eagle Ford Shale economically competitive with both the Haynesville and Marcellus Shale. Scotia Waterous estimates that the liquids-rich areas of the Eagle Ford Shale will earn operators a 10% rate of return at a natural gas price of $2.73 per MMBTU.

The Shift To Horizontal
In 2010, several exploration and production companies will transition from a vertical to a horizontal well program. St. Mary Land & Exploration (NYSE:SM) has 225,000 net acres prospective for the Eagle Ford Shale. The company reported several high production rate completions in 2009, and will move forward with a large-scale development program in 2010.

Rosetta Resources (Nasdaq:ROSE) is also developing its properties in the Eagle Ford Shale. The Company just announced its 2010 capital budget and will operate three rigs in the Eagle Ford Shale. Rosetta Resources also added to its acreage positions, and now has 52,000 net acres here.

Other companies are taking time to get into this shale. Anadarko Petroleum (NYSE:APC) has 350,000 gross acres in the Maverick Basin, and drilled four horizontal wells in the third quarter of 2009. The company has not announced any large-scale development plans for 2010, as it has its hands full with its Gulf of Mexico assets and a possible ramp up in the Marcellus Shale.

Infrastructure continues to be a problem in these fast growing shale plays, and the industry is trying to keep up with that production growth. Enterprise Products Partners L.P. (NYSE:EPD) is currently building two pipelines in the area that will add 200 million cubic feet per day of capacity. These pipelines are expected to be complete in early 2010.

The Bottom Line
The Eagle Ford Shale will be a major focus of the exploration and production industry in 2010 due to its early stage of development and the high amount of liquids and condensate in completed wells, making it competitive with other North American Shale plays
 
drilling drilling drilling

conocophillips finished the plomero well and is drilling eskew north, which sits next to the kunde 3 well just west of adi acreages in live oak

pioneer is drilling the handy 1h well a few miles south of the conoco bordovsky well that flowed at 4mmcfpd and 1500 bopd.

eog just continues to drill with the 3 rigs in karnes county, the next wells to go these past days is the milton 10h and the harper 2h

murphy is drilling drees 1h a few miles west of bordovsky

dan hughes would have just completed the second development well, darlene 2h well just a bit north of kowalik a few miles..

we know that the easley well is about to commence for adi

busy times right now for karnes county and surrounds
 
Guys n gals unless you know something i dont why on earth would anyone invest in ADI over AUT....

AUT smaller market cap , thus more leverage to the same projects in Sugerkane (sounds wrong, should be called sugar loaf)

AUT significantly more cash to equity

AUT significantly more tenement exposure to the area.....


Like I said maybee im missing something, but ive been looking into this on and off for a week now and cannot see any reasoin why ADI is remnotely as attractive as AUT..... Please smack me round the head and tell me if im missing something as Im ready to pull the trigger....

Dont get me wrong ADI looks great toooooo, but in initial analysis i plucked AUT over ADI or buy both????

I guess what i want you to say is if you have a reason ADI is the better pick please say so...
 
Correction ADI mcap $25m , AUT mcap $59M and that puts ADI back in the running, but AUT still has huge tenemant control of 20300 acres net after farm ins.. just in sugar kane

Any one know the tenemant area that ADI has at sugarkane its net or gross area... but please state pre or post farmin if you know it ta,,, have looked extensively and cant find it...

Anyone?
 
I took the plunge on AUT as i liked that it has virtually no sell volumes every time i look..... not rulling out ADI , it looks good so may end up in it to....

Still would like to know why you would or have picked ADI over AUT given they are so closely related....
 
I may be wrong, but...

I think you'll find AUT needs to either drill the acreages they have or they lose the leases.

The leases must be coming up for renewal soon

AUT doesn't have the cash for that much drilling unless it raises a lot more capital or farms in.

so, bascially it has bitten off more than it can chew.
 
sam76 said:
I may be wrong, but...

I think you'll find AUT needs to either drill the acreages they have or they lose the leases.

The leases must be coming up for renewal soon

AUT doesn't have the cash for that much drilling unless it raises a lot more capital or farms in.

so, bascially it has bitten off more than it can chew.
Click to expand...

Thanks Sam i actually looked hard for some expirey dates and no mention that i could find other then a 2008 pdf which stated Feb 2010....but they where relient on exploratory work and did not stipulate that they required drilling...
So my guess is they are OK... the acerages ive worke off are in the most recent reports...
In any case Sugarkane looks IMO (please DYOR & Seek expert advice) set to skyrocket the sp of both ADI and AUT.... if they manage to get 10 wells flowing with good flow rates in 2010 as funded and planned .... then my god...hold on tight.... bu thats pure speculation till it happens.....

AUT in thier investor presnetation said if all 10 wells flowed they aimed for market cap of 200-600M within 12 months....thats insane .... and for ADI that would be more given thier interest is the same at 20% and they are comming of a market cap half the size....

Looks like interesting times ahead...

DISC - DYOR, seek expert advice, cross check all information....this is all unqualified opinioon and i mean it...
 

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