ADI - Adelphi Energy

kevro said:

I RECIEVED THIS FROM COUCH OIL:

Drilling ahead at 18636’ – 8 FPH – 15.1 ppg MW – 210U BGG

GAS SUMMARY

METHANE (c-1) 60360 @ 1829
ETHANE (C-2) 3203 @ 18580
PROPANE (C-3) 396 @ 18529

i HOPE THIS HELPS

Click to expand...

8ft per hr seems a little slow, and the 15.1 mud weight seems a little high, anyone else think so? Not ununusally high and low, it could even be a good sign

i think the ROP slows in the shale and speeds up in the sands.. may be just a case of where it was on the hour..

the mud maybe at high due to pressures perhaps???

its a bit out of my league..

the week ahead looks sensational

If most of you guys claim to be investors and not traders, why are you so desperate to keep informed to the minute??? i know its exciting, but you gotta realise how much crap is gonna be thrown around for shareholders to read. hossten will attract a large wave of hype as potential gains are massive as we all know!

be aware...

market manipulators shall hype this one, adding to your time to filter the crap from the truth, and they are therefore looking for a time / exit advantage should news be sour. If you believe or even take the time to read any source that is not straight from a legit outlet, you will be setting yourself up to be on the receiving end!

looks good right now so sit back and enjoy if you got in early its unlikely you can lose money from here. fingers crossed

maverick11 said:

Soemthings up with that first line... a digit is missing from the depth and not sure if those gas readings are ppm or units. If it were 60,360 units then that is 600% which isn't possible. If it's 60,360ppm then that is 60% which is great. That line may be incorrect in whole though, so we're wasting our time guessing.

3203 units = 32.03% or 3202ppm = 3.2%. So far I've seen both reported so take your pick, but from a preliminary drill rig perspective they're more likely to report in ppm

Click to expand...

----------------------------------------------------
mav,
The missing depth digit is presumably "5".
60360 refers to ppm not units of course.

currently 86c / 310000 shares. (comsec)
nothing to worry about - but hope you didn't want to adjust/place orders!!

Dukey said:

currently 86c / 310000 shares. (comsec)
nothing to worry about - but hooe you didn't want to adjust/place orders!!

Click to expand...

Had wanted to place an order if they were down at all. Could not even get Westpac on phone. Thanks to you both for your info.

stocks look closely held still..

volumes reasonably low..


no ones really jumping ship.. i know i am hanging around..

anyone buying today imho is doing well..

commsec is annoying me as it fluctuates from friday, to nothing to today.. so i cant really rely on its accuracy,, i assume by what i do get glimpses of, that the share price is rising and the volumes light..

i hate seeing announcements then none as it flicks back to friday.. keep thinking news is about to be announced.. EKA doesnt have trades on my commsec screen when i get it working.. maybe they need to raise capital again??? dont know..

Woh !! now 93. Doesn't look like huge volumes but some peoples obviously wanting IN!! Could it be something in the wind or just specs??
-----------------
edit: ASX site seems to confirm what i have from comsec - though 20 min delayed.

its steady as she goes i think... people are topping up and some are getting in for the first time..

every time i hear nothing i keep getting the feeling the partners are having delay or a drilling halt or something like that.. the difficulty in drilling away at these depths with gas shows must be fairly high.. the more i research the things these guys can do miles down in a six inch space,, makes me respect the engineers and personnel even more..

still check everything and dyor on this well more and more,, it keeps coming up with strange twists and turns,, 3 weeks of delays,, striking gas in the upper primary.. whats next???

BUY
Buyers Buy Quantity Prices
2 1,139 87
1 8,500 86.5
3 27,400 85.5
3 63,294 85
1 4,842 84.5
1 3,700 84
1 25,000 83
2 20,250 82
1 10,000 80.5
2 36,000 80

SELL
Prices Sell Quantity Sellers
88 1,665 1
89 41,667 1
90 115,039 7
93 72,200 4
94 7,000 2
95 92,295 6
97 27,900 2
98 50,000 1
99 23,500 2
100 48,201 2

VOLUME: 783208
TURNOVER: $680,215
LOW: 84
HIGH: 94
LAST: 88
CHANGE: +8.5

Sorry if thats not clear tarn. See attachment.

Just post here when you want a new screenshot.

These have just been posted on Advfn.

I am working so no time to check anything yet.

ENJOY



TEXAS CRUDE
KARNES CO. TEXAS DAILY WELLSITE REPORT
SUGARLOAF #1 V1994A
REPORT FOR MR. R. BRIDGES / MR. D. O'BRIEN
DATE Nov 10, 2006 DEPTH 18624 PRESENT OPERATION DRILLING AHEAD
TIME 06:00 HRS. YESTERDAY 18476
24 HOUR FOOTAGE 148
CASING INFORMATION 7 5/8" SET TO17000'
SURVEY DATA
DEPTH INCLINATION AZIMUTH VERTICAL DEPTH
BIT INFORMATION INTERVAL CONDITION REASON
NO. SIZE TYPE S/N JETS IN OUT FOOTAGE HOURS T/B/C PULLED
13 6.5 STC JW6602 TFA=.178 18177'
DRILLING PARAMETERS HIGH LOW AVERAGE CURRENT AVG
RATE OF PENETRATION 17.1 @ 18512.00000 3.6 @ 18543.00000 9.8 12.14083 FT/HR
SURFACE TORQUE 220 @ 18499.00000 198 @ 18541.00000 210.2 212.99315 AMPS
WEIGHT ON BIT 9 @ 18506.00000 0 @ 18577.00000 7.0 6.20624 KLBS
ROTARY RPM 58 @ 18569.00000 54 @ 18499.00000 56.9 55.68628 RPM
PUMP PRESSURE 3629 @ 18499.00000 3312 @ 18543.00000 3533.9 3522.22583 PSI
DRILLING MUD REPORT DEPTH
MW VIS PV YP FL Gels CL-
FC SOL SD OIL MBL pH Ca+ CCI
MWD SUMMARY
INTERVAL TO
TOOLS
GAS SUMMARY (units) HIGH LOW AVERAGE
DITCH GAS 316 @ 18529.00000 73 @ 18543.00000 193.0 TRIP GAS N/A
CUTTING GAS 0 @ 18595.00000 0 @ 18595.00000 0.0 WIPER GAS N/A
CHROMATOGRAPHY (ppm) SURVEY 316
METHANE (C-1) 60360 @ 18529.00000 14249 @ 18543.00000 32810.0 CONNECTION GAS HIGH 0
ETHANE (C-2) 3203 @ 18580.00000 705 @ 18509.00000 1567.8 AVG 0
PROPANE (C-3) 396 @ 18529.00000 95 @ 18543.00000 214.8 CURRENT 0
BUTANE (C-4) 0 @ 18595.00000 0 @ 18595.00000 0.0 CURRENT BACKGROUND/AVG 260 / 193
PENTANE (C-5) 0 @ 18595.00000 0 @ 18595.00000 0.0
HYDROCARBON SHOWS SEE SHOW REPORT No. 7
INTERVAL LITHOLOGY/REMARKS GAS DESCRIPTION
LITHOLOGY
PRESENT LITHOLOGY 40% SANDSTONE 60% SHALE
DAILY ACTIVITY SUMMARY DRILL AHEAD - TAKE WIRELINE SURVEY -DRILL AHEAD
EPOCH PERSONNEL ON BOARD 2 DAILY COST
REPORT BY Mike Teas



2.
TO: 11/09/2006

SHOW SUMMARY FROM: 10/18/2006


WELL NAME / JOB#: SUGARLOAF #1 WELL API NO:
OPERATOR: TEXAS CRUDE ENERGY, INC. STATE:TEXAS
CONTRACTOR: PATTERSON DRILLING RIG #30 COUNTY: KARNES COUNTY
PROJECTED DEPTH: 21000 FIELD: PROSPECT V-1994
SPUD DATE: 11/07/06 DIVISION: GULF COAST INLAND


SHOW REPORT NO. 7
COMPANY: TEXAS CRUDE
WELL# SUGARLOAF #1

KARNES CO.
LOCATION TEXAS

DEPTH INTERVAL: 18440 TO 18480 (MD) TOTAL FTG: 40
TO (TVD)

BIT INFORMATION: BIT TYPE-STC WITH TURBINE BIT HOURS-N/A

AVERAGES:

BEFORE

DURING

AFTER

MAXIMUM

ROP (fph) 6 11.2 7 20.7
WOB 8 5 6 8
RPM 57 54 57 57
MUD WT 14.9 14.8 (CUT) 14.9 14.9
CHLORIDE N/A N/A N/A N/A

TOTAL GAS 81 254 153 326
C1 (ppm) 16220 50923 30730 64306
C2 (ppm) 531 1970 1087 2619
C3 (ppm) 107 309 186 392
C4 (ppm) TR TR 0 TR
C5 (ppm) 0 0 0 0

CUTTINGS FLUORESCENCE%: NONE COLOR: N/A
INTENSITY: N/A CUT:

FORMATION DESCRIPTION:

SANDSTONE = OFF WHITE AND PALE WHITE TO CLEAR; TRANSLUCENT TO FROSTED;

SILTY TO LOWER VERY FINE GRAIN TO CLEAR QUARTZ AND CARBONATE UNCONSOLIDED

GRAINS; MODERATELY SORTEDTO POORLY SORTED; SUB ANGULAR TO SUB ROUNDED AND

OCCASIONALLY POLISHED; INTERBEDDED WITH BLACK SHALEY LIMESTONE; NO VISIBLE

FLUORESCENCE OR CUT; BIT CRUSHED SAMPLES CONTAMINATED WITH COATING

FROM OIL BASE MUD AND MUD ADDITIVES.

LOGGING GEOLOGIST(S): C. H. Friloux

3.

Date: 11/10/06 TEXAS CRUDE ENERGY, INC. Spud Date: 08/17/06
Rpt #: 89
2803 Buffalo Speedway, Houston, TX 77098 Ph - (713) 599-9900 : Fax - (713) 599-9910
DAILY DRILLING REPORT Days from Spud: 86
Well Name & No. : Sugar Loaf #1 API Number : 42-355-31544 Approved AFE Cost : $6,022,072
Prospect/Field (V-#) : Sugar Loaf (V-1994A) County / State : Karnes County, TX Daily Well Cost : $89,218
Depth: 18,624' Footage : 148' Mud Wt. : 15.1 ppg Ave. ROP: 7 fph Proposed TD : 21,000' Total Spent to Date : $7,785,115
Contractor / Rig : Patterson #30 Wellsite Supervisor : Ron Bridges Running AFE Cost : $4,757,483
Formation : 40% Sandstone, 60% Calcareous Limestone Over / -Under AFE : 63.6% $3,027,632
Max Gas : 316 U Ave Gas : 193 U Trip Gas : 0 U Conn. Gas : 0 U Last Casing : 7-5/8" set to 16,998 '
Present Operation : Drlg @ 18624' w/ turbine

Casing Run OD (in.) Wt & Grade Depth
Depth 18,622' Conductor 9" 60 '
Mud Weight ( ppg ) 15.1 ppg Surface 13-3/8" 68# J55/N80 6,500 ' # OD (in.) ID (in.) Wt./ft Grade # of Jts Length
Flowline Temperature (oF) 149 deg F Protection 9-5/8" .5#HCL80/ECP1 14,480 ' 1 5" 4.276" 19.50# S135 358 11,206.80'
FV, sec/qt @Temp 83.0 Prot / Prod. 7-5/8" 39# P110EC 16,998 ' 2 4" 3.340" 14.00# S135 198 6,083.01'
PV, cp @ Temp 38.0 Prod / Liner 3 Kelly dn 46.00'
YP ( lbs/100 ft2 ) 8.0 14
Gels ( lbs/100 ft2 ) 5 6-1/2"
API WL ( cc/30 min. ) 0.0 Manfacturer - Model STC-KP703BPX # OD ID # of Jts Length
HTHP WL ( cc/30 min. ) 3.4 Type - IADC M842 4 4-3/4" 2.750" Jar 1 29.98'
Cake API / HTHP ( /32 ) 3 /32 Serial Number JW6602 5 4" 2.750" x 38 1,151.15'
Solids ( % ) 32 % Jets ( /32 ) 6/18 6
Water / Oil ( % ) 9 % 60 % Depth In ( ft. ) 18,177 ' 7 4-3/4" 2.813" non mag 1 12.28'
Sand ( % ) 0 % Depth Out ( ft ) 8 4-3/4" 2.813" non mag 1 30.51'
Low Gravity Solids ( % ) 6.2 % Cumulative Footage 447'
LCM ( ppb ) 0.0 Cumulative Hours 68.5
Methylene Blue Test (ppb) 0 Average Bit ROP 7 fph
pH @ Temp 0.0 5-7'
Alk. Mud (Pm) 0.0 RPM 55+1100' pony DC, X-Over, 27 jts 4" HWDP, 4 3/4" Smith jars,
Alk. Filtr (pf/mf) 0 --11 jts 4" HWDP, 198 jts 4" 14# FH DP, X-over, 5" 19.5# DP w/ 4 1/2 IF con
Chlorides (mg/l) 0 16.0 ppg 305 1,284.51 '
Hardness - Calcium (mg/l) 0 No.1 No.2 rental 190-210
Electrical Stability 1157.0 PZ 11 PZ 11 44 345
Volume - Hole / Pit ( Bbl ) 1,062 Bbl 870 Bbl 5.0" 5.0" 335 325
Mud in Storage ( Bbl ) 990 Bbl 11" 11"
Barite on Site (Sks) 2,700 Sks 67 179
Mud Company / Engineer Spirit Disharoon GPM 95% 179 0 # Hole Size AV ( fpm)
Mud Cost - Daily / Cumul. $9,416 $1,000,751 3,300 1 5" 6-1/2" 254
25/750 50/2100 2 4" 6-1/2" 167
Remarks: 3 ---
4 4-3/4" 6-1/2" 222
5 4" 6-1/2" 167
Depth Angle Azimuth Vert. Section TVD North/-South East / -West Dogleg 6 ---
18,365' 7.30 340.10 621.93 18318.89 431.28 -386.36 0.81 7 4-3/4" 6-1/2" 222
18,272' 7.70 335.20 609.79 18226.68 419.86 -382.23 2.16 8 4-3/4" 6-1/2" 222
18,162' 9.80 327.80 593.05 18117.96 404.67 -375.21 5.16
18,041' 15.70 318.30 566.35 17999.95 382.07 -360.98 4.34
17,947' 18.20 329.40 538.94 17910.03 361.61 -342.75 0.44 17.5 ppg Date: 10/20/06
17,852' 18.10 328.10 509.35 17819.76 336.14 -327.68 0.54
17,759' 18.60 328.10 480.07 17731.49 311.28 -312.21 1.30
17,666' 19.60 330.20 449.64 17643.61 285.45 -296.13 2.01
17,574' 19.40 324.70 418.93 17556.88 258.80 -280.87 1.39
17,450' 18.13 328.33 379.04 17439.48 226.24 -257.82 8.39
Survey Tool : Mud Motor: Bend (Deg.) : 0 09/18/06
Reported Accidents NONE
in the Last 24 Hrs :
Date Accident Report Sent to Texas Crude:
Fuel Used - Last 24 Hrs ( Gal. ) : 1,157
Rig Manager : Sam Garner / Alex Hernadez
Miscellaneous
Last Casing Shoe Test (ppg equiv.) :
Date of Last BOP Test : 10/19/06
DC / HWDP OD ( in.) :
DC / HWDP OD ( in.) :
DC / HWDP OD ( in.) :
Jet / Nozzle Velocity (fps) :
Directional / Inclination Surveys DC / HWDP OD ( in.) :
Last 10 Surveys are listed below starting with the last survey taken DC / HWDP OD ( in.) :
Mud
Remarks:
DP OD ( in.) :
DP OD ( in.) :
Pressure (psig)
Slow Pump Press / Rate
DP OD ( in.) :
SPM
Hydraulics
Circ. Flow Rate (GPM) :
Liner Size
Wt of BHA in Air ( M# ) : Pick Up Wt ( M# ) :
Stroke
Rotating Weight ( M# ) : Slack Off Wt ( M# ) :
Pump Data
BHA Rotating Hours : Total BHA Length :
Make / Model
Last BHA Inspection Date : Torque ( Ft-Lb ) :
Average WOB ( M# ) 6 1/2" - 1/16" IB stab w/ float, (1) 4 3/4" Non mag DC, (1) 4 3/4" x 12' non mag
Dull Grade ( T-B-G )
Equiv. Circ. Density ( ppg ):
Slick or Spiral
Bottom Hole Assembly Description
6 1/2" STC-KP703TBPXC impregnated bit, 5" turbine assm. (w/ 3 built in
6 7/16" stabs w/ top stab @ 1.2', 12.0', 32.5' and IB @ 55.6')
Size (in.) Drill Collars and Heavy Weight Drill Pipe
Jt. Description 465 jts 5" 19.5# w/ 4 1/2 IF+1 jt 5" 25# for test jt + 51 jts from yard (10
Mud Record Drill String and Bottom Hole Assembly
Drill Pipe
Bit Record -Bit # ===>
Start Time Stop Time Hrs
6:00 9:00 3.00
9:00 9:30 0.50
9:30 13:30 4.00
13:30 16:00 2.50
16:00 18:00 2.00
18:00 6:00 12.00
------------------
Total Hours 24.00 21.00 0.00 0.00 67.00Daily Rotating Hours: Daily Down Time: Contractor DT Today/Cumulative:
Drlg w/ turbine f/ 18530' - 18542' = 6.0 fph
Drlg w/ turbine f/ 18542' - 18624' = 6.8 fph
Drlg w/ turbine f/ 18476' - 18499' = 7.6 fph
Rig Service
Drlg w/ turbine f/ 18499' - 18530' = 7.7 fph
WL Survey @ 18457' = 7.1 deg @ 324.7 deg Az, survey gas = 316 units
Last 24 Hours Activity
Summary of Operations
General Remarks and Additions

TCEI Form DR-1 - 8/2006 MAH

Hi guys

I now have these PDFS and they look as legit as the ones I was sent from Couch himself previously.

let me know if anyone wants a copy.

hey tarzan

It's not until someone posts figures like this that you realise that you don't have a clue on much of the numbers . Any sites that might help understand these sorts of results ?
I am holding but purely from a tech point of veiw .
Cheers Martin

if you add all the numbers and devide by the number of my posts,

then the answer is anywhere from $6 - $20

thats per share!!


now i think you should DYOR and all IMHO

Agentm said:

if you add all the numbers and devide by the number of my posts,

then the answer is anywhere from $6 - $20

thats per share!!


now i think you should DYOR and all IMHO

Click to expand...

I did not read it quite so good. Cost overrun so far 1,7M. Porosity ?. As insurance I sold some at 85c and bought AUT at 69c This gave me 25% more shares and they have other interests as well as the same percentage in sugarloaf. I still have faith ( and a fair holding) in ADI

my post was entirely in jest..


the logs are logs,, flow testing is needed..

if you see the upside at todays prices then you did the right thing.. well done and i know you must have made a gain..

AUT has far greater share percentages than adi.. so consider those equations when you calculate the 20% of sugarloaf in comparison to ADI..

ADI has the cash to commence immediate and further development wells at sugarloaf.. all other partners are severely cash deficient..

IMHO and i dont think you should take it from me, i dont view the AUT successes in the work they have done away from sugarloaf has been anything to be excited about.. but thats my opinion and you should alwyas invest in what you want to and for what every reasons you feel the need to.. i hope the strategy works..

Bit of a nervous sell at the moment as profit takers set in. Volume is still quite low and I feel the massive upside here is still unrecognised as ADI is keeping this one close. Might have to skip buying lunch and buy some more.

Why arent they making another announcement? Is there no more gas indications?!?!?!