ADI - Adelphi Energy

[Agentm]

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.

thanks for that..

basically i am it for the TCEI part,, more than the ADI aspect.. I see you understand the implications of the massive acreages the TCEI corp guys have secured.. TCEI is where the cash goes and thats my interest,, ADi is the mechanism for the cash i invest to reach TCEI,, i watch both closely,, ADI is obviously more transparent.. TCEI has no pubic profle, and i can only trace their history by research..

i was reading this on the Fluor Corp website, which made me understand why sygar is such a key word for the Fluors..

Fluor Expanding Sugar Land Operations,
Plans to Hire 800-1,000 New Employees,
Posts Job Fair Schedule
Irving, Texas – January 16, 2007

Fluor Corporation (NYSE: FLR) has signed a lease for 191,000 square feet at One Sugar Creek Place in Sugar Land and plans to hire an additional 800 to 1,000 employees.
The new space is located on US Highway 59 near Dairy Ashford. Fluor will continue to occupy 1,000,000 square feet at its operational center at One Fluor Drive in Sugar Land.
“It’s a great time to work for Fluor,” said Tom Zachman, vice president and general manager of operations at Fluor Sugar Land. “We are pleased to be able to expand our operations in the Sugar Land area while utilizing existing office space. The new space is near our current operations center, and will help us attract and retain the professionals needed to address the growth in our business during 2007 and beyond.”


sugar is the key phrase in Fluors world!!


eva.. TCEI has AUT EKA ADI in australia.. In england EME, and in the USA we are aware of Burlington resources/conocophilips, Couch oil and possibly another Charles Couch company as a partner in the venture.. if you go to any on those websites you will get info,, but i suggest that the ADI website has the most infor on sugarloaf,, and EKA has a lot of infor alos if you look at ASX data, their prospectus for sugarloaf awas very comprehensive.


i really dont think everyone gets what is happening at SL1.. and i fee the sugarkane field is not understood at all, as none of the JVP's have been given the green light to push the word out.. But the chalks are oil productive, and pioneer have ("meekly") put a well in on the sugarkane very near to kunde.. and another further away.. XTo are on the sugar play a little too.. We have the sweetspot,, with kunde wells having trouble containing the huge kickc the play can generate.. SL1 had to utilise huge mud weights to control the well also.. and we seem to hear that liquids are on the agenda now..

good luck if you going to hold.

 

[Agentm]

Looking a bit closer at Meeks 1, pioneer put that well in 8 miles west (and a touch north) of kunde 3, on a lease they had near the atascosa border. i looked at the depths,, exactly sugarkane..

well was immediately shut in.. Pioneer was keen to keep that one quiet!!

ADI held up a bit today..

I think the Kunde news has to break sooner than later, the well has to be at TD (horizontally) now,, wirelined and ready for production casing.. surely the EME holders deserve some notice!!

SL1 looks the goods.. not many days left now..

 

[Lucky_Country]

Yeh a strong sign for the sp in todays carnage with SL 1 just around the corner why would you sell ?
Hopefully things will become clearer over the next few weeks and a bit more open with there statements so we can see some real sp action

 

[Agentm]

i dont have a single issue with the sugarkane play..

if it extends 8 miles past kunde 3, and we have it 6 miles east of kunde 3, and the next well is east of us.. how big and how wide is this suagrkane?

I know where it isnt!! and i can easily see our 20,000 acres covers a good deal of suagrkane.. you have to get excited!!

Not trying to jump ahead too much, but the recent capital raisings by EKA and AUT was specifically for sugarkane... look out for some news real soon on that front,, I am starting to see a lot of wells will be drilled in real short fashion, and i think its all aimed at only one play, the sugarkane play..

every part of this operation by TCEI impresses me more and more each day,, the names of the rig operators, the names of the major oil companies,, the former owners of leases, the way TCEI has put this show together..

in a few weeks we get it official, with the well tests driving up our sp,, then we will see how well kunde is going with production numbers... then Sl2 will be chasing the same play confirmed by the tests,, struggling to see any downside around here..

why would TCEI make AUT and EKA go to the market for capital for a drilling program on the sugarkane without even testing the Sl1 well???

dont you usually test first then plan forward.. someone seems to know a lot more than you think,, TCEI is very very certain right here and right now,, and ADI are right behind them...

this play is absolutely amazing!!

 

[Broadside]

Thanks for your optimism and hard work AgentM it is a beacon of light on a pretty cruddy day, hoping ADI delivers and I think it will. Good luck to all of us.

 

[rolisatosser]

The original diagram shows a North West to South East section. It shows fault lines across the section.

Agentm, I assume that this is the reason that the sugrkane field in your own diagram is shown in the South West to North East direction?

I see that eme holders, including myself, have a very particular interest that the sugarkane field extends across the area of mutual interest. It would appear to have a direct relationship to the % interest in the field.

Lucky_Country, is there a possibility that you can change your avatar. Its a warm day here, I've got the windows open, and that place is so close I can smell it. Not nice, I assure you.

 

[Agentm]

tosser
re your question

The original diagram shows a North West to South East section. It shows fault lines across the section.
Agentm, I assume that this is the reason that the sugrkane field in your own diagram is shown in the South West to North East direction?

i have seen fault lines on other diagrams running 45 degrees off horizontal line east west, if you get what i mean.. from memory at least two faults, and i think they are deeper down, but not certain of their uppermost reach. the eka prospectus on
i have a absolute belief that the the pioneer well, meeks 1, is definately on the sugarkane, and that well is 8 miles west and slightly north of kunde 3. pioneer have shut that one in without any testing.. must have been pretty impressed, its been on ice for a year or so now.. i hear they bidded hard for karnes county acreages!! and lost no doubt to TCEI!!
i take it on advice from ADI and TCEI that SL1 is on the sugar, and the Sl2 well is by all acccounts going for sugar.. so i see a definate trend east - west, and ADI said we have a good portion of the eastern section of that sugarkane play.
your kunde 3 well must be close now,, word is your overdue for an update there and expect some very upbeat news, they seem to have misjudged how good the well was going to be.. you guys deserve a good report, and i think your about to see one.. it should impact on the share a lot as there has been a lot of speculation on the eme share on news that circulated a good week before the last release on kunde on the 25th july.
we can assume safely that the update was at least a week out.. so the 4850 feet of horizontal drain hole must be just about ready for the production casing..

i have heard we have an equally prospective geology at Sl1, and by the couch remarks on how the well behaved through the wireline, the sugarkane has some kick to it and its got plenty of liquids... so any good news on kunde is a great lead into what we can anticipate at Sl1 and Sl2!!

 

[fflintoff]

As mentioned by agentm:-

Local Business
Oil and Gas Report: 05.09.06

“Pioneer Natural Resources USA of Irving has filed for a permit to drill the No. 1 Meeks, a wildcat with a proposed total depth of 12,500 feet. The well will be located 24.7 miles northwest of George West in the BS&F Survey A-108”

http://www.caller.com/ccct/oil_gas_report/article/0,1641,CCCT_832_4684805,00.html

 

[Agentm]

at last.. someone is interested in meeks..!!

Meeks 1 is on the play alright, Pioneer have listed it as a gas completion well, yet they have shut it in.. it been done elsewhere around our leases by them also!!

Normally a gas completion well has testing information, and these guys have not done one,, so nothing can be seen about whats there other than the producing zone... which is sugarkane!! TCEI has done the same with SL1,, if you test it you have to report the findings.. and then the landowners know what happening.. pioneer have shut that one in last year,, but its ready to produce whenever it suits..

just as a vsiual, you can see how lucky pioneer are to get close to sugarkane.. and its to their advantage when negotiating leases to also keep sugarkane under wraps..

anyone seeing a pattern yet??

apologies for all these maps,, but it helps sometimes..

 

[resourceboom]

Hi Agentm, yes your hypothesis on the kane and meeks1 looks reasonable to me.... this piccy I think shows it well.....

 

[Agentm]

it seems very odd to me resourceboom, that the pioneer crowd are drilling at that target, they had a good look and then shut in the well..



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.

from my perspective, theres no real expectation that the jvp's will announce anything at sugarloaf until they get some data..

they could be testing right now or setting up?? who knows.. we are in the middle of the first half of august..

is it fair to say that up until now the jvp has been very reasonable in informing their investors of progress and setting forward dates for things, due to the delays on the drilling and testing of this well. but now they have announced the testing can happen, the news could happen anytime.. i dont expect any further announcements, just confirmations of flow rates, and probably a lot of interest in the results..

not much interest in the share right now.. i was expecting that when the testing happened the share would have attracted some attention.. maybe a small run on it..

​

 

[Agentm]

i am absolutely convinced eme has to release kunde 3 details, they would have to be at TD and deciding whether to frac or not after wirelinign..

the recent ARQ presentation states that they believe kunde 3 and Sl2 will be chasing the same play (sugarkane) and say the play has very high potential!! so is high potential 150bcf?? or is high potential 2tcf with liquids as well??


http://www.arcenergy.com.au/files/presentations/20070801_Corporate Presentation.pdf

Adelphi’s US operations have very high potential

Adelphi has the potential to provide considerable upside in the ARC portfolio including access to other high value projects

•Sugarloaf well –(SugarKane Field)

•Carbonate play at ~12,000 feet with potential to extend over a large area already under lease (~20,000 acres leased).

•Sugarloaf 1 well identified potential pay zones of 28 metres based on well logs and gas shows encountered during drilling. Similar to recent producing discovery nearby (Sugarkane Field) -gas with high liquid content.

•Testing of Sugarloaf 1 carbonate zones scheduled to commence in August in tandem with drilling of first horizontal well on held leases (targeting same producing horizon as in Sugarkane Field) in early September.

•Active ongoing drilling program on neighboring leases by Sugarkane Field operator (major international company).

•Existing nearby pipeline infrastructure ensures early commercialization of producible hydrocarbons.


gas with high liquid content, we see it again and again, this liquid content has been kept firmly off the radar until ARQ and all the JVP's got the green light actually mention it.

lets see what eme announces, but i cant see the next announcement from EME having any negative impact on any of the jvp's sp, i only see upside from news thats about to follow..

I am certain the jvps are not interested in the sp in the near term as the real value is to come in the period post Kunde 3 and SL1 SL2 news..
not much opportunity left to top up.. and the sp falls away daily..

will they use the same rig used for the cement squeezing?

if so then the new crew must be arriving and the testing must be imminent.

 

[Father Ted]

Before we all get carried away with that ARC presentation, I suggest that you all have a look at the way that some of the geology has developed over the last couple of years.

Take a look at page 20 of the presentation!

When that chart at the bottom of the page first appeared, and it should be familiar to most of you, it was showing a possible gas pay between the Wilcox and Edwards formations.

By 14th February 2007, in the Aurora report on incease interest in Sugarloaf, it showed the same chart, but with part of a fault line, and that entire gas/oil field - missing!

Now, in the ARC presentation, its back - only they seem to have a bit of trouble making their minds up which is Sugarkane ,and where the 28m gas pay should be.

More to the point, the world has swung round 180 deg and where the section was marked NW to SE (left to right) - its now SE to NW.

Now is that intended to inform - or to confuse?

 

[Agentm]

father ted,, first post on ASF.. interesting that you notice the changes also.. a few in the UK have been seeing things too!!

i think you should ask ARQ and AUT about it.. I am sure they would offer an explanation. iwould be interested in knowing what response you get..

my opinion is that anyone today wanting to buy a share in EME would be really confused.. with them misleading their investors into believing the kunde 3 well is not sugarkane, but sugarloaf, and using false names on wells...

Anyone trying to understand sugarkane may be less confused with the aussie JVP's, with more information coming through on the quarterlies, and the now very evident proclamation we have the "eastern" part of suagrkane.

ARQ has now clearly made an attempt to show things in the correct fashion, and their presentation is attempting to follow the sugarkane theory. my understanding it that its not edwards, its austin chalks region, and the horizontal will go after the chalks not the edwards..

and i see Sligo is still hanging in there, not much mention of it on the forums though!

look closer at the diagram,, you will see the new zone of sugarkane is marked around 2750m (9022 feet) and the play under it at about 3000m (9842 feet)

the logs from couchy are not showing the same thing, so i dont see the map values standing up to scrutiny.. and the SL2 well is chasing sugarkane 11500 feet to 12300 feet.. so the scale is wrong

but if you look at it from another angle, and see it as a diagram not to scale, it does show sugarkane and something under it!!



CEASING TO BE A SUBSTANTIAL HOLDER


Aurora Oil & Gas Limited (ASX:AUT) (“Company” or “Aurora”) advise that, as a result of the finalisation of the $10.6m share placement first announced to the market on 24 July 2007, the number of ordinary shares on issue has increased to 182,492,417.
This increase has caused the percentage of ordinary shares held by entities associated with the Company’s Chairman, Jonathan Stewart, to fall from 5.84% to 4.97% (although no shares have been sold).

looks like john has diluted himself out of being a substantial shareholder!!

interesting though..

AUT 182,492,417 shares

ADI 105,958,662 shares

so 57% more shares on equal share of Sugarloaf AMI JVP..



EKA 63,875,000 shares 42,482,000 options total 106,357,000


maybe some value in the ADI sp!!

 

[nioka]

CEASING TO BE A SUBSTANTIAL HOLDER
Aurora Oil & Gas Limited (ASX:AUT) (“Company” or “Aurora”) advise that, as a result of the finalisation of the $10.6m share placement first announced to the market on 24 July 2007, the number of ordinary shares on issue has increased to 182,492,417.

This increase has caused the percentage of ordinary shares held by entities associated with the Company’s Chairman, Jonathan Stewart, to fall from 5.84% to 4.97% (although no shares have been sold).

looks like john has diluted himself out of being a substantial shareholder!!

interesting though.. ]​

I would expect him to take up the pending 1 for 10 share offer which is pending and that will take him back into the substantial list again.​

 

[Agentm]

nice to see the pre permit for SL2 went through, and we got RRC approval for the SL2 well yesterday..

Congratulations!! its official, we can drill the horizontal SL2 well now.

the Kunde 3 well must be very close now... days perhaps??

 

[cathald1]

Hi All

Been in GOO infact still there
Have followed JJF into EME and ADI I ddid my on research though mainly based on agentM's info so hi Agent M by the way my Handle on ADVFN is Lotire

 

[rolisatosser]

Hi to the much respected Lotire, yet another ADI holder from my side of the planet. Agree with your praise re the quality of Agentm's research.

 

[Lucky_Country]

Good too see worldwide intrest in ADI not suprising with this exciting company combined with AgentM constant revealing research !

 

[cathald1]

Rolisatosser is that you JJ?
IF so I down here for a dingos breakfast is a "p__s and a good look around.
Just a bit of aussie humor