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ADI - Adelphi Energy

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Agentm

Hi, I think care needs to be taken. Anything thats square and white is being assumed to be an oil well. - not necessarily true.

The site shown as 'sugarloaf' is interesting, and I agree, its not obvious what its intended for - but the actual well head is only 310 ft from the cr173 road. That's about 700ft to the west of construction area show (check the survey).

The only picture that I have seen of the Sugarloaf rig, (and I can't remenber where that was), showed it in the middle of a field.

The construction is almost certainly oil/gas related, but I don't think its the well head site itself.

A bit problem with Google is that its not exactly current, its only a snapshot in time, and that time is some time ago.

Another point, How certain are you that SL is not on the Edwards?!

Father Ted
 
Hi agentM... still enjoying reading your posts...thanks... on adelphi's web site there's a video of the 'journey to texas' in it about 2/3 way thru' you can see a truck delivering casing to the site... the road ways leading to the site have got different twists and bends compared to the google-earth post... got the feeling this is the wrong location....
 
looking again maybe they were filming from 28deg44'02.53"N 98deg01'42.27"W just on the corner there... think i can still make out the tyre tread pattern in the dirt.... if true ... they've really turned it into a nice big site....
 
I agree father ted. definately not well head site,

310 from the fence line, and in the last shot on the adi film, the truck with the casing turns the corner on the south west corner of the lease, you can see the patterson rig is 310 from that road as the truck rounds the corner and heads north.. in the shot you see a glimpse of the infrastructure in the lease. i am very curious on what the infrastructure is, you seem to feel its oil related and i am not 100% certain of its origin.
as the well head appears not to be on that pad directly, then you can also not conclude the infrastructure is absolutely oil related.

because kunde 1 was on the map i assumed the site was sl1 due to the july 06 start date and the sept 06 completion date of the kunde 1 well,, what i forgot to take into account was the 12 months the kunde 1 well took before actually submitting that comletion report.. so the map looked right to me in terms of the pad, but i always couldnt understand its size... makes sense now, the pad is actually not on the map as the kunde well took so long to complete..

so if you conclude the well site is about half way from the pad as we see it and the fence line along the road running north - south..

The kunde 1 site is visible on the google map, so its post Kunde 1 pre kunde 2.

so i have to say in all the footage the guys did at the site, you very rarely get to see whats behind the well,, its occassionally there in glimpses, blue structures? and lighting?? but nothing is clear..

more mystery, or perhaps nothing at all.. but its a very sustantial site yet not entirely visible from any camera shot in the entire adi footage..
 
will be off the BB's for a while now, have some things to deal with and will be monitoring the reports throughout the next few weeks,, probably find some time here and there to check in,, but all looks set for some great weeks ahead,,

fingers crossed we will all see the planning of TCEI and the jvp come off in spectacular fashion,, thats what i am in it for,,

mid weeks looks like the time things will start,, so plenty of time to load up or sell out if your taking profit..

tcf is my optomistic belief,, i hope all holders in this jvp get better than that..
 
Going of the Boards now just as things are about to heat up Agent M. The next few weeks will bring us hopefully what we have been waiting for for almost a year now.
 
not long to go now...

mid week news will break on start dates for SL1..

just enough time for a bit more topping up!!

nice pickup flint... will try and look at it in the next few weeks..
 
I had been thinking of how much energy is in 50 bcf, 500bcf, 1tcf, 2 tcf etc.

Has anybody else read the article on the front page of the business secton of the Australian on monday the 13 aug.....
In short its about the exxonmobil australia take on the gas in the bass strait.
The part that answered my thought on how much energy is in a tcf was this........"We have added approximately 1 trillion cubic feet (tcf) of gas to existing resources in Gippsland since 2004- enough gas to power a city of a million people for 20 years....."
Think about that......1 tcf is enough power for a city o million people for 20 years.....20 YEARS!!!! And its been noted on this forum that the jvp's ami may hold 2tcf......now thats alot....

It's really opened my understanding of just how big this could be.....

If our ami has 500 bcf, then thats still 10 years of power for a city with 1 million people....

Bring on the testing results....... Wouldnt be suprised if there are "delays" again.......... It's ok, ive got all the patience in the world for this.....
 
Kunde No 1 has a completion depth of 14700ft which is deeper than I realised compared to Kunde No 2 at 12800ft & Kunde No 3 at 12200ft. Also the new horizontal Kennedy well ( Sugarloaf # 2 ) has a depth of 12300ft TVD. 18000ft+/- MD


http://webapps.rrc.state.tx.us/dpimages/img/1-99999//PR0000060749_0001.pdf


http://webapps.rrc.state.tx.us/dpimages/img/200000-299999//PR0000219518_0001.pdf


http://webapps.rrc.state.tx.us/dpimages/img/200000-299999//PR0000284424_0001.pdf



Submitted 06/01/2005 Approved 06/02/2005 601463 297-34621 BURLINGTON RESOURCES O & G CO LP (109333) KUNDE 1 02 LIVE OAK Vertical New Drill - 14700 Approved

Submitted 09/06/2006 Approved 09/08/2006 625493 297-34698 BURLINGTON RESOURCES O & G CO LP (109333) KUNDE NO. 1 GAS UNIT 2 02 LIVE OAK Vertical New Drill - 12800 Approved

Submitted 03/08/2007 Approved 03/19/2007 634877 297-34726 BURLINGTON RESOURCES O & G CO LP (109333) KUNDE NO. 1 GAS UNIT 3 02 LIVE OAK Horizontal New Drill - 12200 Approved
 
Whats going on with the sp does someone know something why are they giving it away this close ?
Is someone driving the sp down too acumulate very frustrating !
 
Lucky_Country said:
Whats going on with the sp does someone know something why are they giving it away this close ?
Is someone driving the sp down too acumulate very frustrating !
Click to expand...


nothing up!!

just panic,, its happening on all the shares right now..

We are today in the same place we were yesterday.. about to test SL1, about to drill SL2 into the sugarkane.

if only i had some spare cash right now today!! some great prices out there right now,,

once the updates come through things may change!!
 
Hot off the press...

SUGARLOAF PROJECT UDPATE

Adelphi Energy has been advised by the Operator of the Sugarloaf Project (Texas Crude
Energy, Inc) that testing of the Cretaceous aged carbonate zone in the Sugarloaf-1 well
is now expected to commence by the last week of this month due to a delay with the
availability of the frac and testing equipment required to undertake this next well
operation.

The Operator has also confirmed that the rig to drill the next well “Kennedy-1H”
(designated Sugarloaf-2 in our previous release) on the Sugarloaf Joint Venture leases
has now been secured and construction of the drill site has commenced. A contract has
been signed for the same rig that successfully drilled Sugarloaf-1 and which has
adequate capacity to drill this next well. As previously announced, Kennedy-1H is
designed to be drilled as a vertical well to a depth of approximately 12,000 feet at which
point the well will be kicked off to drill a 5,000 feet horizontal section into the upper zone
of the Cretaceous aged carbonate reservoir.

On a trouble free basis, Kennedy-1H is expected to take approximately 45 days to be
drilled and completed, to be followed by fraccing and testing operations if successful.
The well is expected to spud by mid September, subject to the timing of the rig’s release
from the well it is currently drilling.

Further information on the testing program for Sugarloaf-1 and the drilling of the second
well for the Sugarloaf Project was provided as part of our ASX release dated 11 July 2007.

For further information please contact Alex Forcke on 08-9263 4600 or
info@adelphienergy.com.au
 

Someone knew something before todays SL update down 11.5c before the announcement thought we were all on a level playing field obviously not !
Well more delays will we ever see any results from SL ?
 
i like the news myself..

OK SL1 is delayed, and SL2 is delayed further..

why??? not to hard to see..


Kunde 3 has been going for 80 days, and not reached TD!!! think about it, the well way behind, its not lost, but they are struggling with the massive pressure there..

45 days is all it should take... K3 is now 80days in and no TD.. get it yet???

Ok we get the patterson rig back,, this monster rig, the biggest land rig in texas, with its monster pumps will deal and deliver the operator sufficient confidence to deal with the pressure the sugarkane delivers..

couch was very specific about the massive pressure kick in his report in sept last year..

SL2 is going to be drilled by those that know the play... and if you have nothing more powerful around in texas than our rig, i am very happy to see that rig back, she delivered SL1 on time and without any hitch..


There is interesting details in this report, they are telling you something here, suddenly they may drill to 12,000 feet and kick off horizontal.. does that mean half the play is too powerful a kick to deal with? and the lower play is better and safer?

there is no doubt at all in my mind that6 they really are waiting on how K3 is going.

SL2 is relying on understandings from K3 and delayed.. thats my view.

SL1 is not going to be tested unless they know what part they want to drill horizontal.. thats my view and fine by me.

The best part of it is that we have again got all the advantages of the K3 experiences to make sure we get delivery of a successful well..

for me this announcement confirms yet again that they really have such a difficult play down there with pressure, that they have to be very very sure of things before going to the next step.. they are not going to repeat mistakes, not going to lose another well, and we get it all, best rig in texas and the understandings of exactly what to expect from the play..

I am absolutely committed to finding out whats going on at K3 now.. thats where the answers are right now.. this play must have massive pressure behind it!!
 
Down 11.94% .... Whoever it is that selling please feel free to continue cos i don't mind buying some more sub 60c.
P.S thanks for the insight Agentm.
 
sbop said:
Down 11.94% .... Whoever it is that selling please feel free to continue cos i don't mind buying some more sub 60c.
P.S thanks for the insight Agentm.
Click to expand...


no probs..

i came close to snaring another 100k today, some clown had it at .62

i was on the phones trying to get the funds together, then it went away!!

to be frank it would be overextending, but even for a few weeks i think i could have made a great return!!

for those fortunate enough to have the cash,, good luck!! i envy you..

i am stoked with the report, its exactly as i thought i would be.. delays due to K3 was my pick, and christmas!!

i think the crew on K3 are earning their keep right now.. i hear its pretty exciting there right now..
 
..my 2c worth... i reckon it's pretty good news... providing you can bare the jitters from the unrelated independent US mortgage crisis in the short term.... they're progressing kennedy 1h without seeing the tests from sl1.... like the add says "that's confidence"...
 
Thanks for all the great info Agentm. I hope you are right. It certainly does make sense. Sounds good needing the big rig to handle it!

I bit the bullet and shot some of another stock to get the funds to buy more ADI at 59c today.

ADI has so much more upside than the other play and a sideways trade seemed a good idea atm. Nerves of steel and good luck to all holders!

Eva
 
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