ADI - Adelphi Energy
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Allthough gas shows on NT would be an excellent result, i still think that the big buyers are eying of sugarloaf.
NT has a pre-drill reserve potential range of 40-85 BCF whereas
Sugarloaf has a pre-drill reserve potential range of 800-1500 BCF. Big - BIG difference. Please, let there be gas and ****e loads of it.
NT has a pre-drill reserve potential range of 40-85 BCF whereas
Sugarloaf has a pre-drill reserve potential range of 800-1500 BCF. Big - BIG difference. Please, let there be gas and ****e loads of it.
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INORE said:
I second that motion and raise you 200 BCF
This was posted at another site where it had been copied from another site. Very interesting read.
I must have missed your post yesterday. Well they recored the gas shows at the time that were thought to be of potential significance. You get show 5, 6 and 7 from 18,300 to 18,700 with an average sandstone % of 50% or more. The gas units and C1-C3 remain relatively high, C1 remains around 100ppm, it tails off after 18,800 with a reduction in sandstone and increase in shale. What they did tell us in the recent update is that they cored both the Hosston and Carbonates and from that they would have the possible porosity and gas saturation. The wirelines and mud logs were giving the current lithology and the potential net pay, the gamma logs will differentiate the sandstone from the shale, as the shale has a high carbon organic content and the gamma picks up associated heavy (radioactive carbon).
From that you will get the ideal section for testing that has good porosity from the cores, high gas saturation, good sandstone vs shale ratio, high % sandstone corresponding with the mud logs (further verified by the gamma logs). That may mean that the highest potential of the net pay can be somewhat reduced, it by no way means that the rest of the potential net pay previously mentioned has been reduced, or wouldn't flow on testing. They have just selected the "best" 90ft from the sections to be fractured and flowed, as they will give the strongest result if positive.
They didn't report on all the gas shows and Couch was releasing some of the logs to the public, the gas shows and ratios of C1-C2 were often continuous and were certainly most notable in the Austin and the Hosston. The main spikes were associted with the shows reported. However, the logs that were leaked early during the well drilling suggest that there are significant increases in gas units from 11,900-12,100, with peaks on and off 12,400-12,700. No wonder Couch commented on flow back of gas when drilling the Austin. There are then sections with virtually no gas units recored from 13-14,000ft etc. When you compare the logs of the Edwards (continuous low leves of C1-C2) to 500ft of the Hosston 18,300-18,800 there is a clear distinction with constantly high gas readings and the peaks reported as shows the deeper reservoirs.
Taking all of the logging information together they have concentrated now on the best 90ft. If you are fraccing in high % sandstone you don't need to fracture your entire reservoir section, nor all shows or peaks with high gas units. With 70% sandstone and the known core data they will assume communication with the remaining reservoir and will have an idea of the permeability from the data already collected (more so when tested and wellhead pressure and flow monitored). Perf your best 90ft and hope that the drainage and pressure from the remaining 167-500ft flows to your well. You need high enough gas saturation, good reservoir drive (gas pressure) and fraccing that opens good channels (premeability). Some of that will be known from ther logging, coring and if they took formation pressure reading, the rest will be known after fracture stimulation. There will be a vast amount of information already known about each of the reservoirs involved in this well. The highest peaks were recorded and reported, they weren't the only peaks.
Taken from advfn, no doubt this person is an expert in this field and what he says makes it look very positive to me. It wont be long now until news starts to flow in
I must have missed your post yesterday. Well they recored the gas shows at the time that were thought to be of potential significance. You get show 5, 6 and 7 from 18,300 to 18,700 with an average sandstone % of 50% or more. The gas units and C1-C3 remain relatively high, C1 remains around 100ppm, it tails off after 18,800 with a reduction in sandstone and increase in shale. What they did tell us in the recent update is that they cored both the Hosston and Carbonates and from that they would have the possible porosity and gas saturation. The wirelines and mud logs were giving the current lithology and the potential net pay, the gamma logs will differentiate the sandstone from the shale, as the shale has a high carbon organic content and the gamma picks up associated heavy (radioactive carbon).
From that you will get the ideal section for testing that has good porosity from the cores, high gas saturation, good sandstone vs shale ratio, high % sandstone corresponding with the mud logs (further verified by the gamma logs). That may mean that the highest potential of the net pay can be somewhat reduced, it by no way means that the rest of the potential net pay previously mentioned has been reduced, or wouldn't flow on testing. They have just selected the "best" 90ft from the sections to be fractured and flowed, as they will give the strongest result if positive.
They didn't report on all the gas shows and Couch was releasing some of the logs to the public, the gas shows and ratios of C1-C2 were often continuous and were certainly most notable in the Austin and the Hosston. The main spikes were associted with the shows reported. However, the logs that were leaked early during the well drilling suggest that there are significant increases in gas units from 11,900-12,100, with peaks on and off 12,400-12,700. No wonder Couch commented on flow back of gas when drilling the Austin. There are then sections with virtually no gas units recored from 13-14,000ft etc. When you compare the logs of the Edwards (continuous low leves of C1-C2) to 500ft of the Hosston 18,300-18,800 there is a clear distinction with constantly high gas readings and the peaks reported as shows the deeper reservoirs.
Taking all of the logging information together they have concentrated now on the best 90ft. If you are fraccing in high % sandstone you don't need to fracture your entire reservoir section, nor all shows or peaks with high gas units. With 70% sandstone and the known core data they will assume communication with the remaining reservoir and will have an idea of the permeability from the data already collected (more so when tested and wellhead pressure and flow monitored). Perf your best 90ft and hope that the drainage and pressure from the remaining 167-500ft flows to your well. You need high enough gas saturation, good reservoir drive (gas pressure) and fraccing that opens good channels (premeability). Some of that will be known from ther logging, coring and if they took formation pressure reading, the rest will be known after fracture stimulation. There will be a vast amount of information already known about each of the reservoirs involved in this well. The highest peaks were recorded and reported, they weren't the only peaks.
Taken from advfn, no doubt this person is an expert in this field and what he says makes it look very positive to me. It wont be long now until news starts to flow in
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the info from the advfn site is intersting, but not conclusive with the scant info available from the leaked couch well reports,, most of us have seen them and many know that the 90feet is way short of what they got.. 90 feet is what is considered for fracing, and the market is slowly waking up..
there has been no fanfare from the JVP's so far, my understanding of that is that the fanfare is quite possibly not to far away.
for those like me who accumulated and hold, enjoy the coming days, i feel we are on the brink of becoming an producer, and what a way to begin hey!!
enjoy your rewards!!
there has been no fanfare from the JVP's so far, my understanding of that is that the fanfare is quite possibly not to far away.
for those like me who accumulated and hold, enjoy the coming days, i feel we are on the brink of becoming an producer, and what a way to begin hey!!
enjoy your rewards!!
Those ADI investors expecting instant fortunes should look at the results of MAE gas finds in the USA. They have proven commercial gas, are close to production and their SP is falling. It is hard to relate one to the other but as a holder of ADI and AUT and a watcher of MAE it is not giving me as much comfort as I had a little time ago. Maybe someone with a better mind than mine can work out an explanation.
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even on primary success, after the first flurry of sp rising activity, i would hazard a guess that adi would still take some time to reach the values estimated by the broker reports.... and they will still have to drill another well to evaluate the secondaries!
Looked at that angle. Can't see them being the answer. The options are almost due and will give the company a good cash injection, they have been there all the time and would have been taken into account. Was the full value paid when the strikes were first made. The volumes of gas are large ones and similar to the probable results of sugarloaf but not as good as the possible. Taking into account that a bird in the hand is as good as 2 in the bush I can't see how ADI and AUT are better value than MAE. Of course ADI may soon be a bird in the hand.tomcat said:
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nioka said:
Howdy N, Is it possible that MAE have taken too long to get to the production stage?? ............ If sugarloaf is successful, isn't the local infastructure such that production will be potentially much swifter?? ..... Perhaps some of the more learned lads around here can elaborate ...........
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your right about that barney,, its all there, power, pipelines on the lease itself, and roads and access to all acerage. its a oilmans dream find..
the production well will be tapped in within months of flow testing..
i saw on HC that the sp was being played around with yesterday, as one person pointed out, its a good sign.. you can speculate that if money is coming into the share that needs to be supported by the small sells to lower the sp, then its a sign of more and more confidence.. it could possibly be a move by someone trying to become a major shareholder and keeping things in a tight zone whilst accumulating, as that technique is often employed in managing a move into a company..
a bit of news on NT would be appreciated.. that well is slow isnt it??
the production well will be tapped in within months of flow testing..
i saw on HC that the sp was being played around with yesterday, as one person pointed out, its a good sign.. you can speculate that if money is coming into the share that needs to be supported by the small sells to lower the sp, then its a sign of more and more confidence.. it could possibly be a move by someone trying to become a major shareholder and keeping things in a tight zone whilst accumulating, as that technique is often employed in managing a move into a company..
a bit of news on NT would be appreciated.. that well is slow isnt it??
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next nt news will be in the weekly update,
hope that it doesn't mean no gas so far
hope that it doesn't mean no gas so far
Agentm said:
Your are absolutely correct. A power substation is about 300 meters away (on the lease). A gas transmission line meter station about 900 meters away (on the lease). A gas gathering line about 1000 meters away (Off the lease). There is an abandoned crude gathering line on the lease about 400 meters away. The nearest active crude gathering line is 6km away.
Gas will be able to get to the market quickly. If the secondary is oily, then it may have to truck it our til they can connect with the gathering line.
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thanks for that sniffer, you wouldn't happen to have the google earth co-ordinates would you? (I understand the pictures will be quite old)
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i cant see pictures being too useful, but sniffer certainly was on the money, there is abundant production facilities very readily available.
low volumes thus far and none too keen to sell.. all major holders are standing firm as usual.. and as there has never been a pump and dump on this share the majority of holders are in the green on this share.. so much confidence and all we need is the news.
low volumes thus far and none too keen to sell.. all major holders are standing firm as usual.. and as there has never been a pump and dump on this share the majority of holders are in the green on this share.. so much confidence and all we need is the news.
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yawn.....stretch......aahhhhhh,zzzzzzzz.
I wonder if NT has had drill troubles, again, or if the first target of the Wilcox meek is a flop?
I wonder if NT has had drill troubles, again, or if the first target of the Wilcox meek is a flop?
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the sp seems to stay in this tight zone.. not that i really am interested in selling any time soon, but find it interesting how the price is slotted right at the low .90's..
mid week report tomorrow for NT.. no sleeping on the job cicak!!
mid week report tomorrow for NT.. no sleeping on the job cicak!!
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cicak_kupang said:
False pessimism ........... I like that ..... very Bullish
.... My guess is the news tomorrow will be as "usual" .............. when we get news outside the normal wednesday timeframe is when it will be "interesting"
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i think todays news is going to be interesting.
no news on NT for a week when they literally have to be in the zones now for me means today will give me an idea on how NT looks, either way i want to know.
i said this earlier this in another forum, ADI have this uncanny way of presenting news, its very very minimalist, very scant in detail and often dressed down in weekly reports. I saw on a few occassions during SL drilling, that the mid week reports carried significant finds, and very significant information hidden neatly in the wording of the announcements.
usually they have announced without fanfare, and they obviously dont want investors trapped in buying frenzy share price leaps and then cop the aggressive and hostile criticism from investors as the sp falls on the reality of the announcements being dressed up. look at CDU and GDN and look at how many are trapped in the red zones right now,, i maintain the majority on adi are running green and extremely happy with their position. and i am certain the adi attitude is to keep things that way the best they can.
looking forward with interest to any news on NT today..
no news on NT for a week when they literally have to be in the zones now for me means today will give me an idea on how NT looks, either way i want to know.
i said this earlier this in another forum, ADI have this uncanny way of presenting news, its very very minimalist, very scant in detail and often dressed down in weekly reports. I saw on a few occassions during SL drilling, that the mid week reports carried significant finds, and very significant information hidden neatly in the wording of the announcements.
usually they have announced without fanfare, and they obviously dont want investors trapped in buying frenzy share price leaps and then cop the aggressive and hostile criticism from investors as the sp falls on the reality of the announcements being dressed up. look at CDU and GDN and look at how many are trapped in the red zones right now,, i maintain the majority on adi are running green and extremely happy with their position. and i am certain the adi attitude is to keep things that way the best they can.
looking forward with interest to any news on NT today..
