ADI - Adelphi Energy

[fflintoff]

Please dont leave us for too long agentM your posts and research are greatly respected by an awful lot of people - on both sides of the pond.

thanks for everything you have already posted.

tarz,
USA is the other side of the pond, not Australia. Lol1
Australia is the other side of the world!

 

[Agentm]

what a wonderful day!!!

what is TCEI up to???

i have marked the new leases that TCEI just put in to the RRC yesterday..

purple dots (again cant vouch for depths so dyor)

interesting thats in line with the sugarkane..

so how far does this thing go?? i mean how many leases doesnt tcei own here??

my money stays with mr fluor,, he is seriously into this sugarkane.. spent an absolute fortune on it.. has the whole area sewn up..

SL1 is about to be tested.. serious upside on any success..

remember couchy and his oil.. i hear the elephants are about to arrive..

 

[Agentm]

i think i may not have been clear enough on what those purple dots represent..

for me its been 6 months of delays..

for TCEI its the blocks where the last leases have been hard fought for..

the fight is over, and the well can go ahead now..

Just think about why a well would be delayed for so long and for what area..

there must be some serious stuff in the leases for the testing to be delayed this long... just a reminder!!

Adelphi Energy Limited advises that the Sugarloaf-1 exploration well, located in the onshore Gulf Coast Basin in Texas, USA, commenced drilling at 0200 hours Texas time on 17 August 2006.


so it now 15 days before its first birthday....

and then a month later in 2006





september 2006

Sugarloaf – Hosston – 1st phase a success
We have dug the well to 14,480’ and logged the upper sections.
Well was trying to flow back gas during the logging operations.

The Austin Chalk zone from 11,925’ to 12,200’ looks very oil productive. The log results may set us up to drill over 100 wells in offsetting lease (26,000 acres) to just produce the oil from that zone. The porosity is just about double from what is normally found NE of our well location. Some folks have successfully produced with as low as 3% porosity. We have 9 to 12% porosity.

The Edwards is from 12,275’ to 14,000’ looks tight or too dense to produce.

The Sligo formation begans about 14,500’

The Hosston (Objective) begans at 17,000’ Planned total depth is 21,000’.

This morning they are running 9 5/8” casing to 14,480’






then leases being bought up big time.. (see maps above and previous pages...)


delays delays delays delays delays delays delays delays.................

no more delays from this point on..

remember kunde 1 is producing oil,,, kunde 3 had a 40 foot flare..

the adi boys are convinced we have the same play on our 20,000 acres..

 

[Lucky_Country]

Well 1 year down and the SP has doubled so cant complain there.
SL looking too be a major play with all the research provided by AgentM quite mind boggoling some of it.
NT not dead and buried imo just a bit frustrating in the best way too get the best results.
Yemen just around the corner.
I like the sound of Thailand acerage.
ACP/32 well companies from overseas are paying millions of dollares just too explore in that area must be a good sign.
A busy well run company with cash on hand and experienced oilers with the ARC conection.
All is good from here on in

 

[Loui66se]

Hi Agent, really appreciate the tremendous amount of research you have done and share. Wonder if you could copy and paste todays installments onto the ADVFN site for us please. It might go towards shutting the likes of Loxley up - or setting them off again. Jealousy is a terrible thing and I hope you continue to ignore or filter his digs With thanks, Lou

 

[Agentm]

hey lou

i am not an eme holder, but if you want to cut and paste go ahead..

it seems even with a 40 foot flare on the well there are many doubters at eme, which is a real shame as anyone selling today is absolutely going to lament it in the very near future..

I dont think people understand what its like to be able to be in the position mr Fluor has.. TCEI has the absolute lions share of the leases here,, their clever move to buy the 10,000 acres off mobil all those years ago really clinched it for me.. with the 4 leases in live oak held firm by conocophillips i think we have a monster well coming up.. as you may be aware the kunde wells results will simultaneously coincide with the SL1 tests..

The TCEI scouts have secured the whole field end to end.. with a test well (pogue) back in 2002.. i have seen the logs there and you see i stay in ADI.. if you follow my drift..

I see kunde 1 was perforated, but not fraced, and is producing from parts of the well thats not sugarkane...

i see kunde 3 is going for the sugar,, and Sl2 is a sweet tooth also,, looking exclusively for sugarkane on the horizontal..

there was a brilliant 40 foot flare the other day,, and a buying frnzy and 30% spike on eme sp,, and the news surfaced about the kunde 3 flare a week later after the spike.. leaky boat perhaps? (spectacular news)


TCEI, and Mr Fluor are basically setting themselves up for a major windfall,,, as will anyone who delves in this one.. there has been many years of history here, and in no way has this investment and the 100's of millions of dollars spent so far by the TCEI camp been done for a 50bcf play..

let the doubters be, i filter them as they only are abusive and lack any research.. they have not researched and calculated the staggering dollars spent here so far by TCEI for the last 15 years on leases and wells.. the pogue well is commercial, its tested twice a year,, its not on production.. its a test well that one day will be a production well.. why cap a well that can produce??? for this many years,, what sort of cash does this amazing TCEi have available.. i have the utmost respect for TCEI, and they have run this show brilliantly..

Hold on if you in,, its only days away now... Kunde 3,,, SL1...

elephants a stomping couchy said... i cant wait to fly to texas and shake that cowboys hand!! hats off to a legend..

what i would like to know is what would possess anyone to sell adi right now today!! why not hang in a few days and see some bluesky..??


good luck to all...

 

[Lucky_Country]

I agree why would you sell ADI anytime in the near future.
Try too look past SL and even then you have a great value for money stock one that will become a market darling short term.
Thailand and Yemen excite me SL could be the company maker NT has some good potential just a few technical dificulties

 

[Evangeline]

Agentm, thanks for keeping up the posts. The sp is holding up extremely well in the stormy weather. I bought a few more today.

Eva

 

[Broadside]

just as a general comment I think the oil & gas sector is a good one to be in should markets turn nasty, might provide a little shelter from the storm.

Can we put our hypothetical hats on....should SL-1 results be excellent and commercial flow rates proved, how long before we get cash flow? Also, how long before we get an independent verification of the size of the gas and / or oil resource?

 

[Agentm]

if you take say 30 paces from Sl2, then your on the pipeline..

there are two pipelines on the leases..

interesting!!!


i looked on google earth today and saw this!!

 

[Broadside]

Are those elephants to scale? they look like Africans, the big eared variety. I think I can hear them stampeding!

 

[Agentm]

sorry about the light humour there..

In terms of pipelines,, they are no problem,, cash flow would be immediate.. you can always truck the oil off in anycase..

In terms of reserves,, i am as independent as anyone,, so i will say 2tcf of african elephants..

once they get the two wells up i am sure the news on reserves will come through fast..

 

[Evangeline]

I am curious agentm - do you hold any other stocks other than adi or are you all in? There's got to be something up - the sp is not even flinching atm

Eva

 

[Agentm]

Eva, i hold other stocks,, one stock that will double in the very near term imho was posted a new thread i started yesterday.. sbr.. its not understood by anyone so it will probably disappear.. no big deal.. just put it there to see if anyone followed it.

SP on ADI will move once the testing commences, the cementing is completed and the testing will soon begin..

the JVP's dont have to announce the well is being tested, it can easily be tested any moment and announcements come through after its completed..

The first of the three identified zones is expected to be tested during the first half of August​

Fracture stimulation and testing equipment is expected to arrive at the well site during the first half of August upon which testing operations will commence.

yep.. just checked my calender.. and its the first half of august alright..

things could arrive at any ole time...​

 

[jackohelp]

sorry agentm... had to steal your idea for advfn!

The RRC site refers me to the courthouse.. do you have a link?
http://www.rrc.state.tx.us/divisions/og/not-reg-og-guide/ognotrrc.html

 

[barney]

if you take say 30 paces from Sl2, then your on the pipeline..

there are two pipelines on the leases..

interesting!!!


i looked on google earth today and saw this!!

LOL .......... Thats a terrible cut and past job Agent!!!! Even the grass is a different colour ............ ( Nice to see some frivolity on the thread)

But who cares !!! ............ hopefully in a month or two we can look like the little guy on the right!!!!!!!!!! ...... :alcohol:

Cheers and good luck to the patient holders.

 

[Agentm]

LOL .......... Thats a terrible cut and past job Agent!!!! Even the grass is a different colour ............ ( Nice to see some frivolity on the thread)

But who cares !!! ............ hopefully in a month or two we can look like the little guy on the right!!!!!!!!!! ...... :alcohol:

Cheers and good luck to the patient holders.

really.. its that obvious the cut and paste??

i am already celebrating barney,, shares are locked in on long hold..

just imagine being in Mr fluors shoes right now, you have just stitched up 2 counties with leases,, extensively tested the play, done 2d's and 3d's with the best on this planet.. and you have 3 test wells, one on production and one capped off.. 2 horizontals and vertical about to deliver some major oil..

in a very short time you are about to absolutely go hell for leather on the sugarkane..

would you be a touch happy with yourself or what???

I back that guy anyday.. texas oilman and absolutely astute planning and strategic brilliance.. love his work!!

if you get it,, enjoy the wait .. not much more to go..

 

[Agentm]

Thought i would look at a few interesting things around TCEI and Mr Fluor.
As many may know, i got really interested in the sugarkane once ADi announced the play a few years back.
As AUT has been involved in delores and flourbluff, i see their association then transfered to the third play, Sugarloaf.. and the AUT directors simultaneously spawned EKA with Mr Allchurch becoming a major shareholder.. That move really made me research the play.. the more i looked at EKA and its history on this with AUT, and the more i researched Sugarlaof, and TCEI and Mr Fluor, everything i look at oozes with amazing facts..

lets start with Mr Fluor.. here are some stats..

Texas Crude Energy, Inc. CEO (1980-)
Texas Crude Energy, Inc. President (1980-2001)
Texas Crude Energy, Inc. (1972-80)
Member of the Board of Chase Bank of Texas NA
Member of the Board of Cooper Cameron Valves (2005-)
Member of the Board of Devon Energy (2003-)
Member of the Board of Fluor (1984-)
Member of the Board of Massey Energy (1984)
Member of the Board of Ocean Energy Inc. (1980-2003)
Member of the Board of Texas Crude Energy, Inc. (as Chairman, 2001-)



Then look at Fluor Corp.. a company with family associations still in its corporate structure..

Fluor Corporation is one of the world's largest, publicly owned engineering, procurement, construction, and maintenance services companies. Over the past century, Fluor, through its operating subsidiaries, has become a trusted global business leader by providing exceptional expertise and technical knowledge across every phase of a project

Fluor is a FORTUNE 500 company that is ranked #1 in FORTUNE magazine's “Engineering, Construction” category of America's largest corporations.
Fluor has been consistently listed among the top five companies in that same category on FORTUNE's annual survey of America's Most Admired Companies and is also the only U.S.-based company in that category on its Global Most Admired Companies list. ENR (Engineering News-Record) magazine ranks Fluor #1 on it “Top 100 Contractors by New Contracts” list and #2 on its “Top 100 Design-Build Firms” list.
Fluor serves clients in a wide variety of traditional and evolving industries worldwide, including chemicals and petrochemicals; commercial and institutional; government projects; healthcare; life sciences; manufacturing; microelectronics; mining; oil and gas; power; telecommunications; and transportation infrastructure.

its a handy corporation, spanning globally with over 35,000 employees!!

Now that organization is not the one operating this show,, but it gives you an idea that the Fluor family are not exactly wanting in abilty!! a world class play is in the capacity of TCEI, and all i have see so far over the last years points to excellence in processes, timing and strategy, and i certainly believe that Mr fluor as director is treating this particular play with in a far different manner to any of his other operations.. this one has years of history, and research, wells drilled and capped,, 2d's 3d's and a pretyy big chunk of realestate on one of the hottest oil producing zones on this planet.

then whenever i look at the Sugarkane play, the way TCEI has worked it, i see associations only with companies like Mobil with the leases, Burlington/ConocoPhillips with leases, and the likes of Nabors Drilling, the worlds largest land based drilling outfit working hand in hand with TCEI.(on kunde 3). "Worlds best" are seemingly all thats involved here so far..

Then i look at how many ventures since 2000 that TCEI has been active on,,

I put in a map below with all the permits to drill since 2000 TCEI has been operating.. the last 6 years sees 3 projects as their main focus..
2 projects have been progressing, but of those three there is one that seems to have a years and years of research and work done to it.. one has 15 years..


The most compelling thing that is foremost in my decisions to remain active on the ADI share is the very telling map below, this is the map listing leases TCEI has in it portfolio, since 2000, and they are listed as purple dots, and the majority of them have been coming through in the great numbers over the past 2 years and past 6 months in particular.. leases are the first thing you need before permits, and the leases seem to be shouting out that something massive is about to happen in texas..

sure ADI have other projects in the future, but theres nothing in those projects that would entice me like sugarkane does, and it seems every major shareholder that is ADI, AUT and EKA seem all to be remaining absolute in their decision to hold..


i am of the opinion that a great deal can be seen in the number of permits that TCEI is going after.. i dont feel its for a mere 150bcf.. i think couchy may be reflecting only what he was told..

TCEI is absolutely focused on one thing right now...

sugarkane

again all IMHO and absolutely DYOR

 

[rosalie1]

AgentM,
When you put all the purple dots together the whole lot looks gigantic. You have put in a massive amount of work on research on Fluor and TCE which benefits us all as holders of either EKA, ADI or AUT. I look forward to reading all of your posts as it brightens up my day.

Looking forward to results soon....very soon....I hope. Once again thank you for all of your hard work.

 

[Evangeline]

Agemtm - I was wondering if you could give me a breakdown of who all the jvps are and their share of the sugarkane project? Sorry to be a bother.

Eva