Good observation Silhouetteau! I never noticed this! A bit of trivia for us all - i do hope someone might be able to answer this, im not curious haha
ADI - Adelphi Energy
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Good observation Silhouetteau! I never noticed this! A bit of trivia for us all - i do hope someone might be able to answer this, im not curious haha
The names most probaly come from a landing strip that services the sugar area. 
I previously speculated that there was another cashed up player, my thoughts on this bid by AWE and the ADI indie valuation has been to assign a more tangible value asset wise to their holding in the Sugar. (the bid has always struck me as being haphazzard and is there for show)
There is every possibility now with what is going on with Hilcorp that we see a bid by them to buy out ADI.
More speculation.
I previously speculated that there was another cashed up player, my thoughts on this bid by AWE and the ADI indie valuation has been to assign a more tangible value asset wise to their holding in the Sugar. (the bid has always struck me as being haphazzard and is there for show)
There is every possibility now with what is going on with Hilcorp that we see a bid by them to buy out ADI.
More speculation.
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I agree. Hilcorp is primarily an offshore corporation now suffering under the offshore exploration freeze of the Gulf by Obama. In the meantime they will need to make a strategic move to stabilize future production onshore. This will then offset the loss of new deepwater rig exploration until that mess gets straightened out.
As for onshore exploration, Drill Baby Drill comes to mind.
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the longhorn ipanema excelsior regions and others were named by the original geologist working with TCEI previous to drilling the initial target well when the play was the edwards
serendipity and a very switched on engineer at burlington resources (steve weston) had the foresight to frac a zone that displayed potential in the kunde 1 well... we picked up the same target in sugarloaf 1 a year or so later and the rest is history..
serendipity and a very switched on engineer at burlington resources (steve weston) had the foresight to frac a zone that displayed potential in the kunde 1 well... we picked up the same target in sugarloaf 1 a year or so later and the rest is history..
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Just curious Agentm - are you a Geo working in ADI or a free lance consultant for Eagle Bay notwithstanding we get free services from your knowledge in ADI. I was intrigued in the word 'We" marked red in your post
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I think Agent M means "we" as in JVP etc....
just a side point, is there some way for the mods to tell us exactly how many characters we need to fill 100 limit.
Again, sometimes people can express what they need to say within 100.
just a side point, is there some way for the mods to tell us exactly how many characters we need to fill 100 limit.
Again, sometimes people can express what they need to say within 100.
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lol
i think anyone reading that understood it in the context of the adi thread and adi being the "we"
what a weird place this forum is. post anything and your grammar is analysed to the max.. next conspiracy theory!!
i find the usa contacts to be the most polite and amenable folk i have ever met.
whereas there are very obvious folk whom are investors in the jvp that are less than cordial to say the least.. i have been putting up info on the sugarkane play for some time as an investor and copped constant huge flak and criticism for contributing!!
imho the old tune applies here... "Lily the Pink" which is a modification of the older folk song "The Ballad Of Lydia Pinkham"
lol
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a further permit for the kowalik well is in the rrc
as is a permit for the schendel unit 1, a conoco permit near runge
oil prices are gaining in this uncertain economic climate.. and a nuclear option for the bp spill is being touted by someone.. its like red adair is coming back in remake.. but with hollywood scripting!!
as is a permit for the schendel unit 1, a conoco permit near runge
oil prices are gaining in this uncertain economic climate.. and a nuclear option for the bp spill is being touted by someone.. its like red adair is coming back in remake.. but with hollywood scripting!!
The deal has been done and this should give the SP a kick along as more investors realise the potential of the Eagleford.
KKR Forms Partnership to Develop Acreage Within Eagle Ford Shale
Houston, TX, June 14, 2010 –Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Hilcorp Energy Company ("Hilcorp"), a privately owned oil and gas exploration and development company based in Houston, Texas, today announced the signing of a definitive agreement for KKR to invest up to $400 million in Hilcorp Resources, LLC (the "Company"), a newly formed partnership created to own and develop Hilcorp's oil and gas properties located in the Eagle Ford Shale trend of South Texas (the "Eagle Ford").
The Company will develop certain acreage within the Eagle Ford, located in an approximately two hundred mile long area in South Central Texas, southeast of San Antonio. The partnership combines a capital commitment from both parties as well as the contribution of a 100,000 net acre Eagle Ford position from Hilcorp. Upon close, Hilcorp will hold 60% and KKR will hold 40% of the Company, with Hilcorp's management and employees running the day-to-day operations. "With more than two decades of history, Hilcorp is a known leader when it comes to exploring for, developing and producing oil and gas, and Hilcorp's management is unparalleled in terms of its experience in the South Texas region. This partnership is an endorsement of the founding vision of Hilcorp Energy and the strength and experience of its management team," John Bookout, Managing Director of KKR, said.
The Eagle Ford represents a promising energy development in North America. Comprised of a layer of rock found at depths of 7,000 feet to 14,000 feet, with a thickness of approximately 250 feet, the Eagle Ford is richly deposited with hydrocarbons and is estimated to contain over 80 billion barrels equivalent (BBoe) of original oil in place. One of the newest shale plays in the country, the Eagle Ford has become an increasingly attractive area of interest for oil and gas companies given that it benefits from a favorable (oil-weighted) commodity profile and is located proximate to existing oil and gas infrastructure and liquids product markets. Over the past year, Hilcorp has assembled approximately 100,000 net acres in the Eagle Ford, in some of the most attractive areas of the play, substantially all of which is operated by Hilcorp. Hilcorp is in the process of commencing its Eagle Ford development program and is currently running two horizontal drilling rigs in the play. In addition to the development program, the Company will actively look for opportunities to increase its acreage position in the Eagle Ford through leasing, joint ventures and acquisitions. Going forward, the Company intends to be creative in structuring future transactions as it expands its Eagle Ford position and believes that it can offer a strong value proposition to landowners and operators in the trend.
"We are thrilled to partner with such an impressive management team on an investment that will develop much needed oil and natural gas reserves in Texas. We believe in the long-term potential of the Eagle Ford and see a tremendous opportunity to drive job creation and related economic benefits for a variety of stakeholders in connection with the development of the Eagle Ford," Marc Lipschultz, Member of KKR and Global Head of KKR's Energy and Infrastructure business, said."
I am particularly interested by this disclosure:
In addition to the development program, the Company [HILCORP] will actively look for opportunities to increase its acreage position in the Eagle Ford through leasing, joint ventures and acquisitions.
What does this mean for the JVP?
More interesting times ahead
I am a holder
KKR Forms Partnership to Develop Acreage Within Eagle Ford Shale
Houston, TX, June 14, 2010 –Kohlberg Kravis Roberts & Co. (together with its affiliates, "KKR") and Hilcorp Energy Company ("Hilcorp"), a privately owned oil and gas exploration and development company based in Houston, Texas, today announced the signing of a definitive agreement for KKR to invest up to $400 million in Hilcorp Resources, LLC (the "Company"), a newly formed partnership created to own and develop Hilcorp's oil and gas properties located in the Eagle Ford Shale trend of South Texas (the "Eagle Ford").
The Company will develop certain acreage within the Eagle Ford, located in an approximately two hundred mile long area in South Central Texas, southeast of San Antonio. The partnership combines a capital commitment from both parties as well as the contribution of a 100,000 net acre Eagle Ford position from Hilcorp. Upon close, Hilcorp will hold 60% and KKR will hold 40% of the Company, with Hilcorp's management and employees running the day-to-day operations. "With more than two decades of history, Hilcorp is a known leader when it comes to exploring for, developing and producing oil and gas, and Hilcorp's management is unparalleled in terms of its experience in the South Texas region. This partnership is an endorsement of the founding vision of Hilcorp Energy and the strength and experience of its management team," John Bookout, Managing Director of KKR, said.
The Eagle Ford represents a promising energy development in North America. Comprised of a layer of rock found at depths of 7,000 feet to 14,000 feet, with a thickness of approximately 250 feet, the Eagle Ford is richly deposited with hydrocarbons and is estimated to contain over 80 billion barrels equivalent (BBoe) of original oil in place. One of the newest shale plays in the country, the Eagle Ford has become an increasingly attractive area of interest for oil and gas companies given that it benefits from a favorable (oil-weighted) commodity profile and is located proximate to existing oil and gas infrastructure and liquids product markets. Over the past year, Hilcorp has assembled approximately 100,000 net acres in the Eagle Ford, in some of the most attractive areas of the play, substantially all of which is operated by Hilcorp. Hilcorp is in the process of commencing its Eagle Ford development program and is currently running two horizontal drilling rigs in the play. In addition to the development program, the Company will actively look for opportunities to increase its acreage position in the Eagle Ford through leasing, joint ventures and acquisitions. Going forward, the Company intends to be creative in structuring future transactions as it expands its Eagle Ford position and believes that it can offer a strong value proposition to landowners and operators in the trend.
"We are thrilled to partner with such an impressive management team on an investment that will develop much needed oil and natural gas reserves in Texas. We believe in the long-term potential of the Eagle Ford and see a tremendous opportunity to drive job creation and related economic benefits for a variety of stakeholders in connection with the development of the Eagle Ford," Marc Lipschultz, Member of KKR and Global Head of KKR's Energy and Infrastructure business, said."
I am particularly interested by this disclosure:
In addition to the development program, the Company [HILCORP] will actively look for opportunities to increase its acreage position in the Eagle Ford through leasing, joint ventures and acquisitions.
What does this mean for the JVP?
More interesting times ahead
I am a holder
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Wouldn't that be great if Hilcorp jumps in and makes all our dreams come true ? They have the cash, they have the power and they have the position to buy up the entire field if they choose to. Hope to see a move soon.
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not a compelling situation by the looks
unless someone else wants it
would have been a nice steady transition from explorer to producer for adi
lets see what the next few weeks offer..
unless someone else wants it
would have been a nice steady transition from explorer to producer for adi
lets see what the next few weeks offer..
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Correct me if i am wrong but the directors of ADI are going to sell their shares to awe/arc due to the probability of some of them getting voted out at the next gm.. looks like you won't have the same jockey on this horse.
Hey guys , the trouble is with this last offer is exactly that , it is their last offer! The hedge funds will exit at 42 cents so AWE will end up with a controlling stake. Add to that the directors appear to support the offer so I think that we are screwed.
All in all , AWE have got a bargain and we long term suffering holders get jack sh%t!!!!!
Not happy Jan!!!!!
All in all , AWE have got a bargain and we long term suffering holders get jack sh%t!!!!!
Not happy Jan!!!!!
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It seems a bit premature for the directors to be selling out at 42c. Maybe the funds which have been buying in aren't long-term investors, but they also probably want more than 1c profit and they can and might stall and support the current management if they think it's in their interests to do so.
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its up to the funds to decide really
they act fast and think later, and mostly end up in front in the majority of situations..
i cant see any offers coming through with awe commanding a huge blocking stake for anyone..
its up to the shareholders to make their own mind up
i was certainly happy to hold for better days..
they act fast and think later, and mostly end up in front in the majority of situations..
i cant see any offers coming through with awe commanding a huge blocking stake for anyone..
its up to the shareholders to make their own mind up
i was certainly happy to hold for better days..
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Do any of you know how long it takes in this situation before the ASX starts trading on them again? It's taken 20 mins to just move the buy order, and they're still in "adjust".
I think it can remain in adjust for a few hours. I remember with the SIP bid recently, SIP remained in "adjust" for something like 2 hours. But that's just from memory
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They re-started at exactly 2pm. Quite a few trades going through at 42c, though I doubt many will want to crystalise their capital gain in this financial year, rather than wait a week or so.
