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NT partners Antares (AZZ) today announced one of their wells a "discovery" and they haven't even logged or hit the primary target yet... SP up 25%.
ADI - Adelphi Energy
- Thread starter Dukey
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If they are ignoring ADI look at how the AUT shares are being treated in that way. I am now selling half my ADI shares and buying AUT, almost a 2 for 1 exchange.Dukey said:Oh man I love this share!!!
Regarding Agent M's comments about the market seeming to ignore the success of ADI's holes - I wonder how much of that is people just not looking deep enough. I mean, a quick glance at the chart would probably scare many who might be inclined to think 'the horse has already bolted - I'll look elsewhere' - without looking at the fundamentals to realise as we do here - that this horse is just prancing around in the open gate, waiting for the starters gun!!
Well thats my feeling anyway ... I expect I'll be in ADI to some extent for a long time to come.
- (ex-AWOL) - Dukey
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EKA Have 12.5% of Sugarloaf also. Not sure what other dynamics are at play on AUT and EKA as they have both retreated slightly.
Perhaps the ADI impetus is nothing to do with Sugarloaf? Hard to see how everyone is missing the JV partners and hitting ADI only.
Perhaps the ADI impetus is nothing to do with Sugarloaf? Hard to see how everyone is missing the JV partners and hitting ADI only.
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Dukey said:Mav. - How many wells are AZZ into at the mo. Can we deduce which well they are talking about?
I'll look into AUT too nioka
AZZ currently drilling 4 wells,
67.5% Oyster Creek - Harrison 1
25% Oyster Creek - Scott-2
25% New Taiton - Lise-1
23.5% Little Bear - Garcita Ranch
Had ann today re Garcita ranch well and the secondary target. Primary target still another 1500 ft. deeper.
AZZ up 15c / 25.21% on 3.6 million trades.
$28,151,000 still in the bank and several wells in production.
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azz looks like having some good days..
adi has had little trade today, with a few minor trades up and down the scale.
looking good for a breakout next two weeks.
hey inore, can you give an idea of the drilling rate that NT will be at currently?
adi has had little trade today, with a few minor trades up and down the scale.
looking good for a breakout next two weeks.
hey inore, can you give an idea of the drilling rate that NT will be at currently?
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EKA are certainly getting hammered down because of the turkey drill on hold as for sugarloaf with 12.5% EKA should rocket on SL being commercial
-with anaylts value SL $4-$5ps to ADI 20% -95c
-SL to EKA 12.5% must surely be worth $2.50-$3 -37.5c
-because of this I've recently sold down my ADI holding to buy up cheap EKA's hope it pays off
-with anaylts value SL $4-$5ps to ADI 20% -95c
-SL to EKA 12.5% must surely be worth $2.50-$3 -37.5c
-because of this I've recently sold down my ADI holding to buy up cheap EKA's hope it pays off
JBMMMMMMMMMM said:EKA are certainly getting hammered down because of the turkey drill on hold as for sugarloaf with 12.5% EKA should rocket on SL being commercial
-with anaylts value SL $4-$5ps to ADI 20% -95c
-SL to EKA 12.5% must surely be worth $2.50-$3 -37.5c
-because of this I've recently sold down my ADI holding to buy up cheap EKA's hope it pays off
Hehehehee, I did the same too, sold ADI for 0.90 and have been accumulating EKA ever since. Assuming EKA able to resume (or might have already) their Turkey pressure test ASAP without any delays (trouble free), EKA could be well over 0.70 in short term. And plus its Sugarloaf interests??
$$$$$$$$ Read more my posting on EKA. Cheers
Lucky_Country
Formerly known as ijh
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There is more too ADI than SL it has a wide range of projects all with high impact discoverys
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Agentm said:
Qik calc, i'm expecting NT full depth early to mid feb....
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we must be coming close to the first zone of interest in NT..
i expect the SL workover rig announcement will come in the very near term..
I think EKAO's may be the way to go?
I cant find any more funds nor release any so i am now in a position that has to play out. No matter what the well is a total success.. the chalks are worth $2+ and the sands are just needing a flow test to allow the announcement of their find.
As this is a new play, and potentially an new discovery, i believe the hosston sands have yet yielded a play of this type before, i think it will deliver a lot of interest, not only for the incredible size of the play, but any new discovery will start the operators and landowners to suddenly fenzy over the 2ds and 3ds on their leases all over the gulf states..
its about now that we are in the most exciting phase of the sugarloaf wells history, as the workover commences and news leaks out, i dont think we will see prices like these today ever again...
just patiently waiting for the announcements now!!
i expect the SL workover rig announcement will come in the very near term..
I think EKAO's may be the way to go?
I cant find any more funds nor release any so i am now in a position that has to play out. No matter what the well is a total success.. the chalks are worth $2+ and the sands are just needing a flow test to allow the announcement of their find.
As this is a new play, and potentially an new discovery, i believe the hosston sands have yet yielded a play of this type before, i think it will deliver a lot of interest, not only for the incredible size of the play, but any new discovery will start the operators and landowners to suddenly fenzy over the 2ds and 3ds on their leases all over the gulf states..
its about now that we are in the most exciting phase of the sugarloaf wells history, as the workover commences and news leaks out, i dont think we will see prices like these today ever again...
just patiently waiting for the announcements now!!
Agentm said:
EKA has been punished over Turkey and is now where it was when ADI was sub 50 c (in fact I switched some EKA into ADI at the time and then rued it later) so maybe it is value. I wouldn't write off Turkey just yet.
Anyway AgentM what is your timeframe for some Sugarloaf news? you had a good holiday?
Dums said:
E mail exchange mid Jan.
“We will advise the market once we have a firm date for commencing the testing program at Sugarloaf, at this stage we still expect this to happen during the latter half of this month, most likely towards the end of January.”
Also this was posted on the Empyrean thread in UK on Sat:-
“Xonghile Kudu - 20 Jan'07 - 17:27 - 26836 of 26891
r33
I heard this week from a very reliable source that drilling at Eagle will resume in March. Yes 'March' 2007 before the cynics wade in.
Fraccing at Sugarloaf will commence early Feb.
Margarita news due very soon/imminent (but I think we all knew this anyway)
New Glantal drilling late this year after the seismics are evaluated.
The big news here is Eagle to recommence in March. Not meaning to undervalue the others but Eagle is the one many here including myself have been waiting for.
I'm usually rubbish at trading the peaks and troughs but I'm thinking that any bad news from Margarita will surely present a golden buying opportunity in anticipation of Sugar & Eagle. Lets hope Margarita is good though to get us off to a flyer.
Next 4 months is going to be full of news by all accounts. Fingers crossed some/most of it is good.”
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workover will commence very very shortly..
not a case of being hopeful, more a case of hearing the same thing both sides of the globe!
If the NT rig starts hitting the pay zones in the next 7 days and the workover commences also, i would expect the 3 JVP's to all start a good run. I see eka had some better news today
not a case of being hopeful, more a case of hearing the same thing both sides of the globe!
If the NT rig starts hitting the pay zones in the next 7 days and the workover commences also, i would expect the 3 JVP's to all start a good run. I see eka had some better news today
chops_a_must
Printing My Own Money
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Delays, delays, delays.Dukey said:
The drilling update today indicated they are running wireline logs prior to cementing the 9 5/8" casing. Is this the norm, I thought they typically only ran wireline logs if there were gas flows they wanted to evaluate? They are still a ways off the target zones between 14000 and 17000ft
