fflintoff said:AgentM,
The EKA report refers to testing the primary only which is correct. The context of the shallower zones in the report is within the primary only. The JV have no plans to test the Austin at the moment, if at all.
P.S. I note that EME in England got their placing away today. Deeply discounted but EME is now fully funded for the Sugarloaf campaign.
Agentm said:i cant see them risking the primary if flows are coming in commercial as expected in the primary. I dont believe they will flow test any other zones and risk the very expensive well..
things are happening in texas on many fronts, and in many ways..
good luck all..
I wount be selling any shares in ADI, today tomorrow nor next week.. I am 100% certain of the success of the secondaries in the well. I not only believe the secondary have mmet the highest expectations that were estimated, I believe the rumours and figures distributed last year are accurate and have been unable to find any reason to doubt their integrity.
ASX rules require the company to announce any significant development. I would assume that a significant gas flow would be immediately announced. The company is sensitive to this. The start of trading today for ADI and AUT was delayed this morning for 12mins. All the announcement was the commencement of testing in two weeks. Watch for trading halts as these will probably preceed the next announcement. I suggest the sooner the news the better the news and after the big trading halt it will be too late to get in or out. The time for a decision is now. ( I,m in)stereo21 said:...and testing to take up to two months. Is this normal for a testing program? and also, would one expect results to be announced within this two month period or would they announce once all the testing has been completed?
maverick11 said:I've made a post on this a while back. I'm far from an expert, but my understanding is it all depends on geology of the rock they are fracing. If it was a really permeable rock, then low density may do the trick, because it would just crack the target. At the depths of the hosston, high density fracing would hopefully aim to bust the rock with millions of tiny fractures spaning hundreds of metres. They do this by firing explosive charges in the target zones in order to breach the casing. They then pump extremely high pressure fluids into the well, but do this in an on-off-on-off… manner so that the pressure is not constant but rather huge, then none, then huge, then none, etc. When the pressure is turned on and off like this it fracs the rock more effectively due to constant change in stress. While pumping high pressure fluids into the well they also add sands which help fill these cracks and hold them “open” while still enabling flow once the fracing is complete. As you could appreciate this is no overnight job. I have seen coal seams that have been pressure frac’d to help release methane and when you go down to mine the coal afterwards, it falls apart like talc, so the process can be very effective. Hope this helps… & makes sense.
I seem to recollect that an earlier report from ADI mentioned a budget for 2 more wells at Sugarloaf. This was before the well had reached total depth but after the initial gas discovery. Can't find it now but i"m sure it was there somewhere. At the time and on the strength of it I bought some more shares.fflintoff said:Maverick,
If the well flows it will be kept in production from the Hosston. The other layers notably Austin would then have to be tested from different appraisal well(s).
nioka said:I seem to recollect that an earlier report from ADI mentioned a budget for 2 more wells at Sugarloaf. This was before the well had reached total depth but after the initial gas discovery. Can't find it now but i"m sure it was there somewhere. At the time and on the strength of it I bought some more shares.
Thanksfflintoff said:nioka,
USA Sugarloaf Leases
Sugarloaf-1 currently drilling
2 possible “shallow” wells 2007
Page 5 of the annual report
http://www.adelphienergy.com.au/files/annual/Adelphi 2006 Annual Report.pdf
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