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ADI - Adelphi Energy

Originally showed Conocophillips rather than Burlington as the operator as they wanted to conceal the identity of the former even though Burlington is a subsidiary of Conoco.

“Operator name corrected per plat. It was discovered after the permit was approved that the wrong operator name was listed on the filing, even though it shows the correct operator name on the plat, it just wasn't caught at the time”

http://webapps.rrc.state.tx.us/DP/d...name=KUNDE+NO.+1+GAS+UNIT&univDocNo=484580614
 
All in all a great, bullish announcement from ADI. Agentm your research appears to be coming true before our eyes. Did Alex use one of your posts as a template for his announcement? Is Agentm Alex?

The strategy now will be to drill secret horizontal wells under their lease and begin to draw out the fluids to our side
 
Thanks Agentm for the research,
have watched this one go up and come back down again. Was tempted many times, decided it had potential but still a bit speculative. And I own ARQ anyway. However these recent announcements reinforce the potential, the story is more convincing. Have taken the plunge, I like where this is headed.
 
wish i had those 1.5 mill shares alex has!!

I am glad some have seen value in the research..

logique, i dont see any way the sp will ever go south, not for a long long time.. if you take the worst case senario of 500bcf, then we have many dollars to come yet..

I see there are plenty of people getting a taste of the sugarkane now,, it becomes a little too tempting to resist.

I think the Kunde 4 well has to be announced very soon by CP, once that happens then it and SL2 will be equal distance from Kunde 3..

I gather the news of that well will raise the expectations of SL2, as their well will signal equal bullishness by the CP / TCEI camp on the western side of sugarkane.. with TCEI drilling where they are, its pretty obvious the CP well will also spud..

XTO have 2 production wells vertical and 4 on the drill, so i dont think
the likelyhood of SL2 and kunde 4 being a dry hole is really on the cards..
if your your producing commercially from a vertical well with worse porosity and no condensate.. then these wells on the best acreages are going to be pretty amazing producers..

Well done ADI and TCEI on getting there..
 
the oil and gas weekly certainly had a big impact..

with the amount of misinformation the big "study" had, i cant see how you could see any value in his research..

nothing made sense,, sugarkane#1?????? whats that?? doesnt know who are in the JVP.. fails to mention EME completely, and the others!!!

for a study, he certainly didnt contact any of the JVP's, and was too scared to actually contact the operator in texas, TCEI.. i will forward to them the article for them to enjoy.. i am certain Mr Fluor doesnt feel the way Mr campbell does about sugarkane... what an insult.. to proclaim that tcei is dishonest and SL1 does not have the Sugarkane plays in the upper sections!!!

I think if i was mr JC, i would be laying low for a while!!! not a good think to piss off texas billionaires!! firstly to hammer the jvp's over the primary,, and to accuse the jvp's of hyping the play!! comparing them to GDN!!

Conocophillips has done extensive testing on the sugarkane play, and from my research i see three wells on the lease so far and two more to come with in 2 miles of the current wells..

EME had a massive surge yesterday, on no news!! so the indications are that the horizontal kunde 3 well must be going very very well indeed..

again, i reiterate, if you believe mr campbells research, check into it before you act.. he claims we dont have sugarkane at all.. ADI and the jvp's have announced we do and its a discovery... talk to the director of the jvp's before you act.. they will give it some balance..


Mr JC has got well names wrong, isnt aware conocophillips did extensive 2d's over 5 years back across live oak and karnes... isnt aware of the massive leases cp holds, and isnt aware of how extensive our 20,000 acres is either.. we have the eastern section of the sugarkane play under our leases..

i am convinced tcei knows its stuff, we have sugarkane, as well as another play.... i would put conocophillips, TCEI and any of the jvp's reserach and judgement in first place over mt jc's research

now i have invested with adi and fully support all that TCEI has done as operator,, JC is clearly too scared to go after Mr Fluor, he is a mover and shaker, and walks a different path to mr JC.. i wouldnt want to be in jc's shoes right now as TCEI is serious about what they are doing, and have always acted professionally,, to be disrespected by the likes of mr JC is not a good thing..

I would have loved the article to be balances,, jc is obviously very emotional about being so wrong all along about this JVP. he tears shreads off the jvp's for reporting what they had in the sands... but instead of informing the readers of his article with facts in a balaned fashion, he is basically disrespecting and discrediting the jvp's !! without checking facts, and without even contacting the jvp's nor the operator and checking his story out!!

some study... i would be heading out of the country right now.. wow!!


time for the drill but to do the talking!!!!!!!!!!!
 
Fluor ( CEO ) & Weiner ( President ) at TCEI are entitled to a public retraction.

Texas Crude Energy, Inc.
(713) 599-9900 • Texas Crude Building • 2803 Buffalo Speedway • Houston, Texas 77098 • Fax ( 713 ) 599-9910
MAILING ADDRESS: P.O. BOX 56586 HOUSTON, TEXAS 77256-6586
 
if anyone has the report by John Campbell could they IM it to me please, it sounds like its bordering on libelous! thanks if you can help. I am not parting with any stock in ADI and EKA but I am curious exactly what he said.
 
there are far better publications out there PEX are brilliant, and give complete well data and progress and status reports on wells all over the country.. and their observations are purely that, no editorial comment and absolutely no lashing out at companies..

i think you can do way better than oil and gas weekly for your dollars..

I have to say that i am now past thinking 500bcf, and i am on the tcf bandwagon big time!! things are just stacking up every way i look,, i cant see anything smaller than tcf at all.. couchy is quite possibly wrong in one sense,, he may very well be understimating the amount of wells..

100 well for the oil alone is correct, and many times that perhaps for the gas..

all imho and dyor..

The sugarkane play is absolutely enormous..
 
Thanks AgentM, had a look at some samples of PEX monthly, it looks good and the more information available the better when the action starts. If Sugarloaf goes well I may be permanently bitten by the oil & gas bug. Cheers.

PS Should I say "if Sugarloaf goes 100 wells "
 


sugarkane!!

conocophillips have really taken a massive piece of the live oak county out, maybe i will put up a presentation of all the leases that we own and CP own..

i dont know how far this field is, but indications are that the 150bcf is just completely implausable, 1 tcf on patchy acreages, and the better the structure the better the numbers.. somehow the tcei camp must have 2d's and 3d's that give them real definitions and very possibly 2tcf or more in the sugarkane field.. we have the eastern section, so conocophillips must be on multi tcf also..

only a few weeks before testing begins.. no wonder no one is selling, thes shares are extra tightly held currently
 
... just a thought to add to the excitement pre-testing and drilling sl2... and that is conocophillips wouldn't be wasting engineering resources on this field unless it is substantial i.e. in the Tcf range - they could have simply sold it on.... could be wrong but if it is less that would be the realm of the minors/midcaps... on the other hand maybe they just inherited it via Burlington Resources.....????
 


conocophillips have been there a lot longer than you think!! this sugarkane discovery is being declared until after kunde 3 was completed...

you cant declare a discovery like sugarkane unless you can back it up with proof,, so TCEI and the jvp's have absolute certanty that the discovery can be announced...

unfortunately absolutely no one seems to understand the significance nor the size of the discovery, its not 50 bcf, not 170 bcf... you simply dont spend the time and resources on a play that size...

NY is like 50bcf or so... you dont see anything like the activity and money and testing on that well..

wake up.. this is a discovery that has tcf written all over it..
 
some quick maths...

50 Bcf = 50000MMscf
50000/365 = 137 MMscf/d
137/10 = 13.7 MMscf/d (spread over 10 years)

each horizontal well will need to do this much to recover 100 Bcf

horizontal wells are usually several times more productive than vertical ... so does anyone know what the Kunde vertical well is flowing at???
 


you need a 12 didgit calculator, and then it fails also..

theres much around on the production at kunde 1.. and i think there are factors regarding that, things that are not taken into consideration by many.. i would say once EME reveals the numbers of kunde 3 then you dont need to guess..

they started driling kunde 3 two months ago, and all eme have said is that it has spudded.. well i think we can expect some news soon, the fact TCEI decided to put in SL2 says enough to me that kunde 3 must be brilliant..
 
..the productivity of sl2 will to some extent depend on the level of natural fracturing in the chalk...(will they rely on this instead of artificially fraccing in the horizontal well?).. in some areas the chalk is quite tight ... reckon that's why they need 1.5 km's horizontal section.... but you'd think if production is occuring already only a short distance away there is a good chance that the reservoir quality is good enough on the jv leases too...
 
..EKA in a trading halt, AUT in a trading halt, EME now up 20% or 11 quid, in London today... does anyone know what's going on??? AgentM????
 
Interesting with the trading halt EKA until Tuesday AUT till wednesday maybe ADI will go into a halt tomorrow before open ?
Now Im excited
 
Interesting with the trading halt EKA until Tuesday AUT till wednesday maybe ADI will go into a halt tomorrow before open ?
Now Im excited


you better be excited..

if you can,, get some shares on eme today!!

this is going to explode guys..

the time has arrived!!!
 
oh man!!!! I'm so excited...nearly 12 months of waiting so finally it seems the cat is going to be let out of the bag

EME up nearly 30% in first hour!!!
 
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