- Joined
- 5 January 2010
- Posts
- 129
- Reactions
- 0
Checking for updates. Any word on JVP top leasing activities or locations ? There's quite a few handshakes being made around here lately from what I hear. Really expensive handshakes.
ADI - Adelphi Energy
- Thread starter Dukey
- Start date
-
- Tags
- adelphi energy adi
- Joined
- 5 January 2010
- Posts
- 129
- Reactions
- 0
What happened to drop ADI down to the .23 range today ? One minute I'm happy and the next minute....not so happy.
OUCH !!!!
EDIT: OPEC meeting may have had something to do with it. I think it's just 1st quarter economics at play.
http://www.reuters.com/article/idUSTRE6142V820100316
OUCH !!!!
EDIT: OPEC meeting may have had something to do with it. I think it's just 1st quarter economics at play.
http://www.reuters.com/article/idUSTRE6142V820100316
Volume was tiny - 5000 shares.
The volume has also dried up on the ASX, which suggests that this downleg is a correction, and just needs to run its course. It is understandable that there would be some profit taking after such a strong run.
The overnight rebound in the oil price, and commodities in general, may help sentiment.
The volume has also dried up on the ASX, which suggests that this downleg is a correction, and just needs to run its course. It is understandable that there would be some profit taking after such a strong run.
The overnight rebound in the oil price, and commodities in general, may help sentiment.
That's what i believe too. I actually topped off yesterday, fell a bit short from the low but what can you do.. haha
- Joined
- 2 May 2007
- Posts
- 4,698
- Reactions
- 2,909
Hi Ramblin Round
I second what lemontree and Wrong'un have suggested.
The volume was low and that means the real holders are sitting tight to see things to happen. Me too
However I did not see if ADI actually dropped to 23 cents range. Was it a typo for 28 cents ?
I have reproduced the low and high values for last five days of ADI quote from ASX
16 Mar 2010 0.275 -3.51% 0.290 0.275 17,300
15 Mar 2010 0.285 -5% 0.300 0.285 50,000
12 Mar 2010 0.300 -1.64% 0.320 0.300 74,890
11 Mar 2010 0.305 -4.69% 0.330 0.305 36,367
10 Mar 2010 0.320 -1.54% 0.340 0.320 90,621
- Joined
- 2 May 2007
- Posts
- 4,698
- Reactions
- 2,909
Here u go with the announcement.
This caused a 7 % spike in ADI price.
However I am confused whereas ADI, AUT and EKA all reported and benefitted from this announcement why EKA still slogged and currently quoted 4% less than yesterday's closing rate, AUT got excited by 1.2 % so far.
Probably the same dose of is not good enough for all of them to be excited at same level
This caused a 7 % spike in ADI price.
However I am confused whereas ADI, AUT and EKA all reported and benefitted from this announcement why EKA still slogged and currently quoted 4% less than yesterday's closing rate, AUT got excited by 1.2 % so far.
Probably the same dose of is not good enough for all of them to be excited at same level
17 March 2010
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 operations
within the Sugarloaf AMI.
Easley #1H
The first new well under the farm-in agreement with Hilcorp Energy has reached a depth of
15,593 ft and a production casing string has now been run and cemented in preparation for
a staged fracture stimulation. The well has approximately 3,000 ft of horizontal section within
the reservoir and is in a similar location to the Weston #1 well. The drilling rig is presently being
demobilised off location. The Operator will in due course undertake fracture stimulation
operations on this well and it will then be flowed to sales.
Morgan #1H
The well has drilled to a depth of 12,664 ft and the well path has built angle to approximately
horizontal within the reservoir section. Preparations are presently underway to commence
the horizontal section of the well.
Kennedy #1H and Weston #1H
Both wells continue to produce to sales in line with expectation. Further production guidance
will be provided once trends are established.
_____________________________________________________________________________
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 operations
within the Sugarloaf AMI.
Easley #1H
The first new well under the farm-in agreement with Hilcorp Energy has reached a depth of
15,593 ft and a production casing string has now been run and cemented in preparation for
a staged fracture stimulation. The well has approximately 3,000 ft of horizontal section within
the reservoir and is in a similar location to the Weston #1 well. The drilling rig is presently being
demobilised off location. The Operator will in due course undertake fracture stimulation
operations on this well and it will then be flowed to sales.
Morgan #1H
The well has drilled to a depth of 12,664 ft and the well path has built angle to approximately
horizontal within the reservoir section. Preparations are presently underway to commence
the horizontal section of the well.
Kennedy #1H and Weston #1H
Both wells continue to produce to sales in line with expectation. Further production guidance
will be provided once trends are established.
_____________________________________________________________________________
Here u go with the announcement.
This caused a 7 % spike in ADI price.
However I am confused whereas ADI, AUT and EKA all reported and benefitted from this announcement why EKA still slogged and currently quoted 4% less than yesterday's closing rate, AUT got excited by 1.2 % so far.
Probably the same dose of is not good enough for all of them to be excited at same level
I realize that this isn't the EKA thread but I noticed in the announcement that EKA has a 12.5% interest in the farm in.
I thought originally they had a 10% interest.
Why the extra 2.5% & where's it attained from?
- Joined
- 5 January 2010
- Posts
- 129
- Reactions
- 0
Yes I'm trading US Nasdaq and it was .23 down from .28 as of yesterday. Haven't looked today yet.
I thought the annual report was a bit dismal from a laymans persepective if you didn't know anything about oilfield activities. I thought that might have had something to do with the drop. But knowing how good these wells clean up and how much money is on the line it won't be long until full production. Wish I was in a position to buy more. I think the pipeline is really the holdup to all of this. Too many holes in the ground and nowhere to go. Speculation and DYOR of course.
I thought the annual report was a bit dismal from a laymans persepective if you didn't know anything about oilfield activities. I thought that might have had something to do with the drop. But knowing how good these wells clean up and how much money is on the line it won't be long until full production. Wish I was in a position to buy more. I think the pipeline is really the holdup to all of this. Too many holes in the ground and nowhere to go. Speculation and DYOR of course.
There's no real volume and no real results for the market to get its teeth into.
I get the impression that Hilcorp are a 'no nonsense' outfit that have a clear view of their objective. They drilled 2,800 ft between 19 Feb and 2nd March and then stalled. We can only guess at the reason but they lined it ready for fracccing and then prepared to move on. Significantly, there was no tearful report of having to fish out lost equipment. I feel that we should look at the positives. With a potential of over 200 wells on Sugarloaf using existing technology, there's no reason to take additional risk with any particular well. We know that it's difficult geology and that the technology is at an early stage of development. They''re focussed on results (so it would seem) not perfection (yet). That's fine by me. Drill away!
I get the impression that Hilcorp are a 'no nonsense' outfit that have a clear view of their objective. They drilled 2,800 ft between 19 Feb and 2nd March and then stalled. We can only guess at the reason but they lined it ready for fracccing and then prepared to move on. Significantly, there was no tearful report of having to fish out lost equipment. I feel that we should look at the positives. With a potential of over 200 wells on Sugarloaf using existing technology, there's no reason to take additional risk with any particular well. We know that it's difficult geology and that the technology is at an early stage of development. They''re focussed on results (so it would seem) not perfection (yet). That's fine by me. Drill away!
Hardly any trading with ADI AUT or EKA of late even tho everything seems to be going to plan.
Guess we're all waiting on flow results.
Also noticed that Agentm seems to have taken a back seat or maybe he's gone on a well deserved holiday after all his research & postings over the years.
Guess we're all waiting on flow results.
Also noticed that Agentm seems to have taken a back seat or maybe he's gone on a well deserved holiday after all his research & postings over the years.
- Joined
- 24 November 2009
- Posts
- 58
- Reactions
- 1
Flow results are key, now its just a patience game. Judging by the SP of late many have already lost thier cool.
I would suspect Agentm has nothing further to add atm (as I believe he would let us know if he went on holiday or simply comment on his holiday) but I agree it would be comforting to hear from him.
My plan has no reason to be altered and thus remains unchanged. Holding patiently.
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
there are no signs of any of the adi wells being P&A..
kennedy has a new pipeline being built to it for instance
the huge murphy well west of karnes township is flaring away atm..
rig is coming down on easley as reported by the jvp and morgan is drilling away..
conoco is about to frac their eskew north well and the lasca butler well i hear is flaring atm
plenty of indications on the ground as to where the hilcorp operator is going next..
my view is that this little jvp is right on the money..
P & A means plugged and abandoned and usually indicates a dry hole ie that no hydrocarbons ie oil or gas were located.
Our wells have gas and some oil time will tell if the wells are commercial or not.
Iam a happy holder
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
P & A means plugged and abandoned and usually indicates a dry hole ie that no hydrocarbons ie oil or gas were located.
Our wells have gas and some oil time will tell if the wells are commercial or not.
Iam a happy holder
lol doesnt matter how short it is, how much you screw it up, they all are commercial
these is a lot of pressure there for sure..
- Joined
- 2 October 2006
- Posts
- 3,043
- Reactions
- 2
this is the new kennedy pipeline being put in as of yesterday, i am sure it already had one before..
in line with expectations (mine) the kennedy well continues to produce to sales.
lol
we all know that further production guidance will be provided once trends are established.
in line with expectations (mine) the kennedy well continues to produce to sales.
lol
we all know that further production guidance will be provided once trends are established.
