ADI - Adelphi Energy

Yeah that bugger is dug out to cross HWY 119 close to Gillette too. Looks like they have a big project going on to connect the dots. Nothing but pipeliner welders around these parts working O/T. Let that tube get finished up and you're gonna see some action like nobody's business in the South Texas oil and gas exploration.

Agentm said:

this is the new kennedy pipeline being put in as of yesterday

Click to expand...

easley




morgan




and somewhere else near by which looks pretty interesting

Looks like the sell pressure on ADI is rather high but the sales orders are however for a much higher value .
3.3 million scrips to sell against .73 M to buy.
Current screen dump from COmmsec this mornnig

current market depth for ADI in E*Trade

Buyers Qty Price Price Qty Sellers
2 69295 0.255 0.26 1558 1
3 100122 0.25 0.265 8554 1
1 10000 0.245 0.27 13867 1
2 104000 0.24 0.275 20000 1
1 20000 0.22 0.28 33000 2
5 87500 0.2 0.29 14000 1
2 11911 0.195 0.3 1708 1
1 100000 0.19 0.31 17000 1
1 6000 0.11 0.315 97000 2
0.32 50000 1

18 508828 256687 12

Hey Miner i took a look at your attachment.. i'm not sure if that actually represents ADI?

At the moment i see:
18 buyers for 508,828 units 40 sellers for 1,229,059 units

The prices also do no match up.

lemontree said:

Hey Miner i took a look at your attachment.. i'm not sure if that actually represents ADI?

At the moment i see:
18 buyers for 508,828 units 40 sellers for 1,229,059 units

The prices also do no match up.

Click to expand...

Wouldn't be placing too much importance on buyers v's sellers or volumes for for & against at this stage.
EKA is the opposite & AUT is about on even par atm.
Just wait for some flow rates & then we'll see.

I agree with this, whilst I prefer to see a bank of buyers building up on the whole if someone decides to take a position they will just take a position they wont stick in there buy 5c lower for 1000000 shares.. . just my thoughts anyway..

lemontree said:

Hey Miner i took a look at your attachment.. i'm not sure if that actually represents ADI?

At the moment i see:
18 buyers for 508,828 units 40 sellers for 1,229,059 units

The prices also do no match up.

Click to expand...

Thanks Lemon Tree
Sorry for mixing up and the wrong attachment in my previous post.

You helped me to reduce my blood pressure as well.

I have attached the revised attachment and it gives a better picture.

Probably it is all known and seen by ADI researchers.

But I read with interest about Eagleford published in Upstream and posting the link for common interest. Looks like it is all happening and bigger players are there in Eagleford too. I am sure our most reverred ADI guru (we all ADI followers definitely know who it is, will provide some additional information ) will provide more update on this.

Enjoy the wait

http://www.upstreamonline.com/live/article209289.ece

its a nice well miner

it sits smack in the dead centre of the county, if its their northern most well then further south they will possibly experience the drier gas zones

the 6-1 ratio makes it a 7.2 mmcfpde well on ip

the oil is certainly higher than usual for the region there..


closer to home i think the easley well will test pretty soon, as the site itself is being prepared for a frac.

"The Operator will in due course undertake fracture stimulation
operations on this well and it will then be flowed to sales"


pretty spot on, as thats certainly what it appears like on the ground..

imho the possibility of the first free carried hilcorp jvp well being on production may be in a week or so..

the eskew north ewell in live oak is about to test more or less right now, will be curious how the conocophillips well will go..

all imho and dyor

Pioneer scores Eagle Ford treble
US independent Pioneer Natural Resources has notched up its third success in the south Texas Eagle Ford shale play.

UpstreamOnline staff 23 March 2010 12:18 GMT


The Charles Riedesel GU 1-1 well, in DeWitt County, flowed at an initial production rate of about 15.7 million cubic feet of gas equivalent per day on a 22/64 inch choke with about 6300 psi wellhead flowing pressure.

The well was drilled to a vertical depth of 13,800 feet and completed in a 4500-foot lateral section with a 14-stage fracture stimulation.

Pioneer chief executive Scott Sheffield said: “We are very pleased with the results from the Riedesel-1 which has high liquids content and one of the highest total combined gas and liquids rates reported in the play to date.

"The well is approximately 55 miles from the Crawley -1 discovery and confirms the potential of the northeastern portion of our Eagle Ford Shale position.

"Combined with our earlier success in the south-western portion of our acreage, this well further strengthens our confidence in the development potential of the 1750 Eagle Ford Shale locations we’ve identified, with most of these in the condensate window. "

More Eagle Ford Success for Pioneer
by Catharina Milostan | 23 Mar 2010
From The TorontoStar




Pioneer Natural Resources' PXD third successful Eagle Ford Shale well in south Texas revealed strong gas and liquids production potential in the northeastern portion of its acreage position in DeWitt County, Texas. This helps to extend the potential size and liquids potential of the Eagle Ford Shale trend to the northeast from core drilling activity in McMullen County, Texas.

Pioneer's Charles Riedesel GU 1-1 well flowed at an initial production rate of about 15.7 million cubic feet of gas equivalent per day (mmcfe/d). More important, this initial flow included liquids of 680 barrels of condensate per day and liquids-rich gas containing 1,200 BTUs per cubic foot. A higher liquids content allows Pioneer to take advantage of the current pricing advantage of oil over natural gas to earn higher returns per well. The well was drilled to a depth of 13,800 feet and was drilled horizontally with a 4,500-foot lateral section and 14-stage fracture stimulation. The Riedesel #1 well is 55 miles from Pioneer's Crawley #1 discovery in Live Oak County, which is two counties to the southwest of DeWitt. This discovery helps to support Pioneer's estimate of 1,750 potential Eagle Ford Shale drilling locations.

Pioneer is targeting liquids-rich areas with two rigs drilling in Karnes County, which lies between Live Oak and DeWitt counties. The firm is looking to form a joint venture to help develop its 310,000 gross acres in the Eagle Ford Shale, with bids expected at the end of the second quarter. We'll monitor the firm's progress in developing Eagle Ford Shale wells to support production growth goals.

hey jess

closer to you in dewitt we see petrohawk have taken a huge chunk of the geosouthern land. so they like the trend and particularly like the oil there!!

the geosouthern wells mentioned in their presentation is indeed interesting

i have been watching those wells recently and lanik 1 kickendahl and krause 2 are all recent wells on the go..

the geosouthern (now petrohawk) krause 1 flow of 3.3 mmcfpd with 1150 bopd is next to the conocophilips hooks well. it settled down to 3 mmcfpd and 960 bopd. nice result on a gel frac

I am watching this one and I would love stock to go down to between 0.23 and 0.175 which would either confirm a-b-c retracement, or 61% retracement.

As it is now for my liking, chart hangs in the air as it went past weak 0.27 support/resistance.

Luckily watching doesnt cost too much just my time.

Happy said:

I am watching this one and I would love stock to go down to between 0.23 and 0.175 which would either confirm a-b-c retracement, or 61% retracement.

As it is now for my liking, chart hangs in the air as it went past weak 0.27 support/resistance.

Luckily watching doesnt cost too much just my time.

Click to expand...

Is this a good thing going past the 27c or may we still see it drop (from chartist POV), and what the hell is a a-b-c retracement

new updates

25 March 2010
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online
SUGARLOAF AMI PRODUCTION AND OPERATIONS UPDATE
Adelphi Energy Limited ("Adelphi") is pleased to provide the following update on production
and operations at the Sugarloaf AMI within the Sugarkane Gas & Condensate Field, Texas.
Production
Initial production trends for the Kennedy #1H and the Weston #1H wells are now being
established, although neither well has yet had production tubing installed. Further to previous
ASX announcements detailing initial production rates, Adelphi can now provide 30 day
average production rates for these wells.
· Kennedy #1H – 11.7 mmscfe/d*
· Weston #1H – 11.5 mmscfe/d*
*These figures have been calculated to reflect value using a 12:1 conversion ratio for condensate and
a 25% uplift on gas equivalent volumes due to the high calorific value of the produced gas.
These figures are very encouraging and compare favourably with other reported 30 day
averages across the Eagle Ford trend, in particular Petrohawk Energy Corporation (NYSE:HK),
who recently announced (01/02/10) in their fourth quarter results that 19 wells in the Hawkville
Field (located to the south east of Sugarkane within the Eagle Ford Trend) were averaging 7.8
mmscfe/d (12:1 conversion) over their first 30 days of production.
Operations
Morgan #1H – The horizontal section of this well is progressing with the latest reported depth
at 16,926 ft which equates to a reservoir section of approximately 4,800 ft. Once TD is called
on this well it will be completed with a cemented casing string and fracture stimulated before
being flowed to sales.
Rancho Grande #1H – A drilling rig has been mobilised to the location of this, the third farm-in
well within the Sugarloaf AMI, and is presently being rigged up. This well is expected to spud
shortly.
Easley #1H – This well is waiting on commencement of fracture stimulation operations and it
will then be flowed to sales.
_____________________________________________________________________________
Adelphi currently (pre-farmout) has a 20% working interest in the Sugarloaf AMI.
Other ASX listed participants in the Sugarloaf AMI, and their respective pre-farm-out working
interests are:
Aurora Oil and Gas Limited 20.0%
Eureka Energy Limited 12.5%

ADI's Western 11.5 mmscfe/d
Kennedy 11.7 mmscfe/d
Petrolhawk has an average of 7.8 mmscfe/d with their wells.
ADI looks to have the prime spot.
Come on Easley.

jancha said:

ADI's Western 11.5 mmscfe/d
Kennedy 11.7 mmscfe/d
Petrolhawk has an average of 7.8 mmscfe/d with their wells.
ADI looks to have the prime spot.
Come on Easley.

Click to expand...

have to agree with you and look's like the market reaction is over the top maybe trying to fish out some nervous nellie's

jancha said:

ADI's Western 11.5 mmscfe/d
Kennedy 11.7 mmscfe/d
Petrolhawk has an average of 7.8 mmscfe/d with their wells.
ADI looks to have the prime spot.
Come on Easley.

Click to expand...

what about morgan? 4800 feet and still going strong


conoco put out a presentation last night. imho worth a look..

http://www.conocophillips.com/EN/investor/presentations_ccalls/Documents/2010_AM.pdf

Thanks for the info agentm very informative as we have come to expect from yourself and it looks to me a smooth trans from the ops from tcei to hilcorp is already begining to bare fruit onwards and upwards i say (or downwards in this case) !!!