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- 2 October 2006
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just over the last few months i was looking very closely at the XTO site, its purchased from ChevronTexaco, as part of their 54 bcfe aquisition..
Bcfe Billions of Cubic Feet Equivalent (Per Day; Gas Exploration)
its possible some have missed the significance of this field.. but lets just say its 6 miles north of Kunde 1 .. it produces primarily from the 10,000 - 11,000 feet edwards limestone they say..
maybe we have something like they do, maybe we dont, but even 10% of it would make you very very rich indeed!! and many were very keen to go after the leases.. the JVP's have made that very very clear, and done their level best without breaching any regulations and saying things that cannot be proven, but in all fairness i read what they say and have to agree,, its pretty impressive to have major oil companies contest your lease aquisitions!!!!
Now TCEI has been able to drill this SL1 well and the Kunde 1 well and pretty much not let too much out, and if you think XTO isnt watching , and pioneer isnt aware of whats going on, maybe think about something else, somehow when you post it visually it makes it so much clearer.. so in the middle of this massive XTO field we see something that looks very very impressive...
The site you see is 6 miles north of Sl1 and Kunde 1...
These leases in our hands have been aquired by very clever and skillful means, and they are extremely valuable IMHO, the primary reason why SL1 has not been tested was to aquire very sought after acres.
many out there doubt the conocophillips and the JVP's claim that sugarkane is very extensive. I am of the opinon if you asked Pioneer whats at meeks 1, they wouldnt care to say.. I am of the opinion that the former owners of at least 10,000 acres are perhaps wondering what the heck they did that for, and i know that not many understand what i am saying, but when you look at who owned what and where in the past, then you have no reason to bat an eyelid as to why conocophillips stayed in on the sugarkane.
seriously, if your thinking of bailing right now, DYOR extensively and absolutely be sure there is nothing in the suagrkane... because in only a matter of a days to week we will be seeing some action like never seen before imho..
The jvp's have been raising capital soley for the sugarkane, and i think the EKA sharehoders are really lamenting the fact they had to go again 67 days after raising their first batch of funds for sugarloaf, the second raisning was not for sugarloaf, but for the development of sugarkane.. where else have you seen a jvp been forced to raise capital for many many wells before testing the first well, and to be sure there is anything there?? Not one JVP has hesitated in raising capital for the undertakings about to be taken by them.. no questions asked!!
there has been a lot of money spent on this by TCEI, and conocphillips, way way more, many times more than the JVP has tipped in so far..
so think long and hard if you bailing, long and hard, the information on this sugarkane is not always clear, but the reasons for the obscureness of it has always been to achieve a end nett result of massive upside..
ADI is a high risk high reward investment,, if you going to hold and stay in, like me, then the rewards are only days away.. and if your bailing, good luck and i i hope you made some good gains..
XTO STATEMENT
South Texas Region
We acquired 54 Bcfe of proved reserves in nine South Texas counties as a part of our 2004 ChevronTexaco acquisition. The Fashing Field, located in Atascosa County, primarily produces from the Edwards Limestone reservoir at depths ranging from approximately 10,000 to 11,000 feet. We have identified 20 to 40 potential well locations in this region and plan to drill six wells in 2005.
all IMHO and DYOR
Bcfe Billions of Cubic Feet Equivalent (Per Day; Gas Exploration)
its possible some have missed the significance of this field.. but lets just say its 6 miles north of Kunde 1 .. it produces primarily from the 10,000 - 11,000 feet edwards limestone they say..
maybe we have something like they do, maybe we dont, but even 10% of it would make you very very rich indeed!! and many were very keen to go after the leases.. the JVP's have made that very very clear, and done their level best without breaching any regulations and saying things that cannot be proven, but in all fairness i read what they say and have to agree,, its pretty impressive to have major oil companies contest your lease aquisitions!!!!
Now TCEI has been able to drill this SL1 well and the Kunde 1 well and pretty much not let too much out, and if you think XTO isnt watching , and pioneer isnt aware of whats going on, maybe think about something else, somehow when you post it visually it makes it so much clearer.. so in the middle of this massive XTO field we see something that looks very very impressive...
The site you see is 6 miles north of Sl1 and Kunde 1...
These leases in our hands have been aquired by very clever and skillful means, and they are extremely valuable IMHO, the primary reason why SL1 has not been tested was to aquire very sought after acres.
many out there doubt the conocophillips and the JVP's claim that sugarkane is very extensive. I am of the opinon if you asked Pioneer whats at meeks 1, they wouldnt care to say.. I am of the opinion that the former owners of at least 10,000 acres are perhaps wondering what the heck they did that for, and i know that not many understand what i am saying, but when you look at who owned what and where in the past, then you have no reason to bat an eyelid as to why conocophillips stayed in on the sugarkane.
seriously, if your thinking of bailing right now, DYOR extensively and absolutely be sure there is nothing in the suagrkane... because in only a matter of a days to week we will be seeing some action like never seen before imho..
The jvp's have been raising capital soley for the sugarkane, and i think the EKA sharehoders are really lamenting the fact they had to go again 67 days after raising their first batch of funds for sugarloaf, the second raisning was not for sugarloaf, but for the development of sugarkane.. where else have you seen a jvp been forced to raise capital for many many wells before testing the first well, and to be sure there is anything there?? Not one JVP has hesitated in raising capital for the undertakings about to be taken by them.. no questions asked!!
there has been a lot of money spent on this by TCEI, and conocphillips, way way more, many times more than the JVP has tipped in so far..
so think long and hard if you bailing, long and hard, the information on this sugarkane is not always clear, but the reasons for the obscureness of it has always been to achieve a end nett result of massive upside..
ADI is a high risk high reward investment,, if you going to hold and stay in, like me, then the rewards are only days away.. and if your bailing, good luck and i i hope you made some good gains..
XTO STATEMENT
South Texas Region
We acquired 54 Bcfe of proved reserves in nine South Texas counties as a part of our 2004 ChevronTexaco acquisition. The Fashing Field, located in Atascosa County, primarily produces from the Edwards Limestone reservoir at depths ranging from approximately 10,000 to 11,000 feet. We have identified 20 to 40 potential well locations in this region and plan to drill six wells in 2005.
all IMHO and DYOR
or water tanks!! 
