ADI - Adelphi Energy

[Agentm]

i guess its best to think about it this way..


if they have bad news you will get it fast... if they frac and cant get flow then they will not muck around with it and waste money.. maybe i am wrong but thats how i see it..

if the progress is good and programs are working you wont be hearing anything, so the longer they take to frac it then obviously the more promising it is, and therefor it a better sign that the chances of commercial flow are in our favour.

so no news is good news!! thats my opinion

i imagine if things are promising along the way that we will get some hint of that too!!

this is all IMHO,, and DYOR,

 

[barney]

i guess its best to think about it this way..


if they have bad news you will get it fast... if they frac and cant get flow then they will not muck around with it and waste money.. maybe i am wrong but thats how i see it..

if the progress is good and programs are working you wont be hearing anything, so the longer they take to frac it then obviously the more promising it is, and therefor it a better sign that the chances of commercial flow are in our favour.

so no news is good news!! thats my opinion

i imagine if things are promising along the way that we will get some hint of that too!!

this is all IMHO,, and DYOR,

Howdy A and other holders, I am only speculating here, but I would assume they will start at the bottom and work their way back up the well. If they do not strike anything of consequence at the "first" (bottom) level, then they will move up to the next potential zone of interest. That being the case, we may not hear anything if the initial testing is "poor", therefore, I would think that the best case scenario would be news in the short-medium term indicating positive results at the lower levels of interest. They would not be abliged to give news of "no results" at the lower levels, because that could be misconstrued as "negative", when in fact they may "strike" a little further up the well. I would be looking for some positive results early for confirmation. i think the longer it goes without news, could possibly indicate less success at the low levels, and would indicate the secondaries may be our best chance ......... All speculation as I say, but makes sense to me ...... good luck to holders ..... may the loaf be full of "sugar"!!

 

[wallave]

I tend to agree with that line of thought Barney. The well testing has commenced, so an announcement about this time next week will hopefully be a good thing.

 

[Agentm]

sounds reasonable to me too.. i dont know enough on this process to know, i have to start researching it now..

we need mavericks opinion!!

 

[INORE]

perhaps a technical thread needs to be started up on deep well exploration so the ASF community becomes involved....

I had a look here....http://www.glossary.oilfield.slb.com/search.cfm?Discipline=Production+Testing (there is a tech papers section) but it seems that each hole will be tested with different techiques as it depends on their depth, formations and a host of other technical matters.

 

[stewart3250]

This from ARQ site tonight, note the words I have put in bold :-


The Sugarloaf-1 well was drilled to 6,371m.
Interpretation of wire-line logs indicates that an
aggregate of 27.4m of potential reservoir is gas
saturated. It is anticipated that Sugarloaf will be
commercial with the assistance of fracture stimulation

I note it is dated 9 feb 2007, has it only just been released.

Safiande - 14 Feb'07 - 20:45 - 30987 of 30989


3250stewart,
Dated 9 Feb but only released this evening. On the ARQ site together with the ABN AMRO report dtd 12 Feb.
Good luck with ADI.
Regards.

http://www.arcenergy.com.au/news/broker.php

 

[Agentm]

somehow ARQ is jumping the gun when making presentations to brokers

the one from maquarie research equities says this..

Adelphi Energy exposure offers upside. ​

​

​

Via ARQ’s 32.4% interest in the independently listed exploration vehicle, Adelphi Energy (ADI), the company is exposed to high risk/ high reward exploration in the Gulf of Mexico, Yemen and the Timor Sea. The recent Sugarloaf exploration well in the GoM was a discovery with production testing to commence 1Q07. We include 24Acps for the ARQ’s Adelphi interest in our target price


​

was a DISCOVERY!!


nice one!!

i like the way they think,,, not yet announced as a discovery but potentially i thinks its coming closer by the day

 

[maverick11]

yes, they will test from bottom up, but the million dollar question is will they keep the market informed of the testing or will they wait till the end when they have all the data in front of them?! Someone should ask one of the JVP managers

 

[bazollie]

G'day all. I have a query, the "oil find", when was this originally announced?
Also, what is the connection of couch oil with this project?

 

[Agentm]

couch oil announced it with full fanfare on their website in sept, the pages are removed but if you go back through this thread to sept o6 and read there there are many links posted.. since then they changed the website and couch was told to shut up..


i saw this regarding NT on HC the otherday

i am a little surprised there isnt more buying today, as per second quarter activities report the first gas zone starts at 3,963 metres, wednesday announcement they were at 3,962 metres so maybe gas shows tomorrow, if not then monday for sure.

mick


i wonder how soon before they commence their last run throught the gas zones, must be extremely close..

 

[maverick11]

I think gas reservoirs at NT are anticipated between 4300 and 5200m, so next week I'd say

 

[tomcat]

Tracking up nicely today, could be interesting times next week with NT...hope Agentm wins the stock comp this month

 

[Broadside]

could be good Sugarloaf rumour because EKA is looking good today as well

 

[EEE]

Sure is,

As long as sellers hang tough and let the buyers chase the price up we could quite possibly close around the $1.00 mark. However some big sell orders might be sitting on the side lines waiting to dump for one reason or another.

 

[tarzanhey]

couch oil announced it with full fanfare on their website in sept, the pages are removed but if you go back through this thread to sept o6 and read there there are many links posted.. since then they changed the website and couch was told to shut up..


i saw this regarding NT on HC the otherday

i am a little surprised there isnt more buying today, as per second quarter activities report the first gas zone starts at 3,963 metres, wednesday announcement they were at 3,962 metres so maybe gas shows tomorrow, if not then monday for sure.

mick




i wonder how soon before they commence their last run throught the gas zones, must be extremely close..

Here is the link to the famous page guys:-
http://www.couchoil.com/daily1.asp yes it is still there.

 

[chops_a_must]

could be good Sugarloaf rumour because EKA is looking good today as well

Possibly not because AUT hasn't moved. More likely due to NT. Does anyone have any other thoughts?

 

[maverick11]

nah, AZZ is down, so no rumours. It's almost hammer time for both NT & SL and I think it's investors trying to jump in (or buy more - myself included) and are having to pay a premium to do so. We should see some good news next week or the week after at the latest

 

[INORE]

Possibly not because AUT hasn't moved. More likely due to NT. Does anyone have any other thoughts?

I think it might be sugarloaf as AZZ (NT JV) have gone backwards...I think some people might be expecting some sought of an ann. on sugarloaf next week.


- yeah, what maverick said -

 

[chops_a_must]

I think it might be sugarloaf as AZZ (NT JV) have gone backwards...I think some people might be expecting some sought of an ann. on sugarloaf next week.


- yeah, what maverick said -

In that case AUT is really where people should be going then isn't it?

 

[Serpie]

AZZ finished up 3% today. Smart money pushed it up late.
We AZZ holders are bullish re NT (among others). Getting close to TD.
Could be contributing to ADI SP