Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

This is where your research is deficient.
One correspondent describes the area as well known for dove and deer hunting. But it is not an area for chasing wild geese.
 
if you look at san christoval, and the paddocks between the runway and the SL1 well, you will see lots of bush, and then long clearings with slight bends in them,, thats the deer paddocks, just fly in, and spend a lazy weekend shootin those deer..

back to maps..

i keep looking at that 12000 pre permit by texas crude energy inc has there in live oak on that taylor lease.. love the way fluor plans the future..

i can see the TCEI SL2 pre permit sitting there, which became a permit last week, but isnt that other pre permit looking nice there in the live oak sugarkane.. TCEI is obviously thinking 12000 there is worth a look at some point.. wonder if its sugar???

TCEI is certainly planning ahead...


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Bought back into ADI yesterday as the AUT offer at 53c has lost it's appeal when ADI was available for the same price. The volatility of both has been good to enable an increase in my overall interest with no additional outlay by switching between the two. Something had better happen soon or I will have to repeat my groundhog day statement.
The google earth pictures are interesting. Agentm are you using the professional version or the one generably available?
 
ok... out of date - google says 2007 but guess that's the edition and doesn't indicate the date of the photography... that'll explain why the rig looks very close to the road in the adi video and background trees are in the wrong place and why i was thinking the roads didn't look right... sim-card site must be completely unrelated....
 
Agentm, I was reading the thread at hc. I understand that tfc means trillion cubic feet and refers to gas. What does 168 BO mean? I presume it is a measurement of oil - how much? Thanks.

Eva
 
eva>
168 barrels of oil. sometimes seen as this too 168Bls
Bbl means a barrel of 42 U.S. gallons of oil.
Boe- barrels of oil equivalent- when converting gas to oil.
 
.. and apparently bbl stands for blue barrel... something to do with the colour of the exxon barrels they used in the old days... apparently gets a mention in Daniel Yergin's The Prize somewhere... but i only got a few pages into it before the series came on telly.... i've seen brl start to be used more frequently recently....:freak3: there's also the Texan field unit the TGH which stand for the Ten Gallon Hat... so 1 BBL = 4.2 TGH's of oil ;-)
 
i still am not convinced all leases are 100% secured, i still see more coming up with TCEI on it.. they are buying up more towards karnes city..

this sugarkane has definately excited TCEI, its definately a lease buying frenzy out there in Karnes county!! As i have said before, my money is with TCEI, my research tells me this is not a 50bcf play.. this activity and planning for 16 wells on the sugarkane with 500foot horizontals is something way bigger than 50 bcf or 170 bcf.. so sp value means nothing right now as in only a few days the first indications of how sugarkane is progressing into karnes county will be known.. and i look forward to seeing how accurate the the couch oil remarks were..

Good luck to all holders this week, not many days to go and the long awaited SL2 results will be posted.
 
What a nail-biter it has been! I got a few at 56 on Friday and as far as I'm concerned the sp can feel free to go north anytime soon. I wonder if this hurricane is going to cause further delays.

How difficult it must have been for all you long term holders to wait all this time. All I can say is you must have a lot of faith in the potential. Fingers crossed we will all be happy soon.

What did Couch say? I gather the report was pulled from his website because tcei wanted to secure more leases and that has been the alleged cause of the delay. Is is possible to give a quick summary... and how did he know?

Eva
 
couch was quoting what TCEI told him..

oil, 100 wells, and massive pressure..

there are 16 step out wells to start with, then infill after that i guess..

with more leases going through i see the delays at Sl1 are needed..

I see no problem with holding my position with ADI.. i held on the research i did on the sugar, there is no way i would normally hold this long, with increasing delays, and frustrations of 12 months and no frac test on Sl1,

unless!!!!!!!!!!!

unless i was absolutely certain in my own mind that Conocophillips and TCEi was onto something worth hanging around for..

hey, in a week we will know if my research helped me any!!
 
AgentM your research has helped us all I would have sold out long ago if it were'nt for you and your post.
Now its just a case of hold in there till we get results which cant be far away.
 
I agree with you agentm. If tcei leave the gag inplace whilst other leases acquired, then that is fine by me.

The delay (and poor excuses) in testing sl1 has been indication enough.

and there is no reason for delayed announcement to interfere with the drilling program.

I wonder if tcei are requesting patterson30 for a decent term? Sounds like they might need it? Surely tcei have the resources to move forward at decent pace with the 16 well program, even if one well at a time using patterson30.
 
jjf, the patterson rig was used for kunde 1, and now its been used for SL1 and now SL2. Their crews on that rig have done a lot of hours on the sugarkane, so I am sure they will be looked upon with favour by TCEI when they bid on the wells.. theres plenty of horizontals going in all over karnes county, so plenty of experience to call upon..

16 wells wont be a problem for a a few companies to handle, nabors driling has 2 2000hp rigs waiting right now.. and i thought i read they were bringing in a lot more to south texas.. which shows some forward planning is happening between conocophillips and nabors.. pioneer and enduring are doing a lot of horizontals also..

I am heartened to see that rig back, if its been well serviced then it shouldnt be outside of its capacity to deal with the pressure the sugarkane delivers throughout the 5000 foot horizontal..
 
more news on the gulf of thialand.. ADI are 50% partners on block G3/50, which gas oil condensate discovery already on the block!! all we need is a bit of luck and win the bid perhaps!!




Sun Resources NL (“Sun”) advises that it has participated in the 20thBid Round in Thailand by participating in a bid submission on the following bid blocks.


G3/50 Offshore Gulf of Thailand Sun* 50% Adelphi Energy Limited 50% 8 including Sun & Adelphi Energy Limited

L20/50 Onshore Thailand Carnarvon Petroleum Ltd* 50% Sun 50%
Sole Bidder



Sun considers both of these blocks offer an excellent opportunity for encountering commercial hydrocarbon accumulations within the good fiscal regime of Thailand.

The G3/50 block is located within the Chumphon Basin in the western portion of the Gulf of Thailand. The block was assessed to have significant reserve potential for both oil and gas, with a gas/condensate discovery having already been made within the block. The highly prospective nature of the block was confirmed as it attracted a significant number of bids, 8 in total.
The L20/50 is targeting oil and located in the southernmost portion of the Phitsanulok Basin, the most prolific onshore basin in Thailand and which contains the Sirikit Field. Sirikit is the largest onshore oil & gas accumulation in Thailand (reserves in excess of 200mmbbls) and is located approx. 40 kms to the NW of L20/50. Carnarvon Petroleum Ltd (Carnarvon), as Operator for the Participants will utilize their onshore Thailand experience, from the Wichin Buri Field, to explore in this block. Carnarvon and Sun are the sole bidders on the L20/50 block.
An announcement on the winners for each of the above blocks are not expected until approximately October 2007.





 
What a nail-biter it has been! I got a few at 56 on Friday and as far as I'm concerned the sp can feel free to go north anytime soon. I wonder if this hurricane is going to cause further delays.

How difficult it must have been for all you long term holders to wait all this time. All I can say is you must have a lot of faith in the potential. Fingers crossed we will all be happy soon.

What did Couch say? I gather the report was pulled from his website because tcei wanted to secure more leases and that has been the alleged cause of the delay. Is is possible to give a quick summary... and how did he know?

Eva

Eva the post is still there but slightly hidden.
Try ---
http://www.couchoil.com/daily1.asp

Subject: Sugarloaf 1st Phase Good

Date: September 29, 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’

cheers Tarzan
 
i agree jjf

The Austin Chalk zone from 11,925’ to 12,200’ looks very oil productive


thats all i really want to know about!!

interesting that the chalks are productive at the fashing field 6 miles north, just as couch says,, and the Kunde 1 well is a great well to compare the fashing austin chalks to..

i posted their figures on HC today, got nil response.. no one gets it yet,, wait until next week i guess..
 
Thanks Tarzan. Sounds good - I for one am on tenterhooks waiting for the news! No wonder you have all held on so long.

Eva
 
i agree jjf

The Austin Chalk zone from 11,925’ to 12,200’ looks very oil productive


thats all i really want to know about!!

interesting that the chalks are productive at the fashing field 6 miles north, just as couch says,, and the Kunde 1 well is a great well to compare the fashing austin chalks to..

i posted their figures on HC today, got nil response.. no one gets it yet,, wait until next week i guess..

Rolisatosser,
August figures by purchaser for Fashing from the RRC:-

01 FASHING (EDWARDS LIME -A-) FLD NO. 30379500 AF
*** XTO ENERGY INC. 000205 OTTO ET AL GAS 2480X 2480X 2480 0
*** XTO ENERGY INC. 000206 SCHUMAN ET AL G 2976X 2976X 2976 0
*** XTO ENERGY INC. 000207 SCHUMAN ET AL G 10695X 12152X 12152 0
*** XTO ENERGY INC. 000208 SCHUMAN ET AL G 4278X 4557X 4557 0
*** XTO ENERGY INC. 000209 STOLLE ET AL GA 2077N 3100N 3100 0
*** XTO ENERGY INC. 000210 TARTT, EMMA ET 14B2 EXT 0 0
*** XTO ENERGY INC. 000213 TARTT, EMMA ET 9176X 13950X 13950 0
*** XTO ENERGY INC. 000214 TARTT, EMMA ET 5983X 5983X 5983 0
*** XTO ENERGY INC. 053094 HURT, W. T. ET 2108X 2108X 2108 0
*** XTO ENERGY INC. 088305 TARTT, EMMA ET 14B2 EXT 0 0
*** XTO ENERGY INC. 091131 HENDERSON ET AL 3224X 8215X 8215 0
*** XTO ENERGY INC. 091757 HURT, W. T. ET 7378X 9021X 9021 0
*** XTO ENERGY INC. 095344 HENDERSON, ET A 4557X 4557X 4557 0
*** XTO ENERGY INC. 095834 KOEHLER, EDNA S 2418N 3100N 2790 0
*** XTO ENERGY INC. 097642 HURT, W. T. ET 11191X 11191X 11191 0
*** XTO ENERGY INC. 111692 KELLNER ET AL G 11253X 11253X 11253 0
*** XTO ENERGY INC. 116743 TARTT, EMMA ET 6417X 7967X 7967 0
*** XTO ENERGY INC. 117043 HURT, W. T. ET 5766X 5766X 5766 0
*** XTO ENERGY INC. 117044 TARTT, EMMA ET 6169X 6572X 6572 0
*** XTO ENERGY INC. 117342 HURT, W. T. ET 14384X 16678X 16678 0
*** XTO ENERGY INC. 143195 HURT, W. T. ET 4433X 9889X 9889 0
*** XTO ENERGY INC. 145061 HENDERSON ET AL 15407X 15407X 15407 0
*** XTO ENERGY INC. 145125 TARTT, EMMA ET 3007X 3007X 3007 0
*** XTO ENERGY INC. 151595 HENDERSON ET AL 868N 3100N 868 0
NEWFIELD EXPLORATION COMPANY 606617-0000 NO SYSTEM EXISTS PAGE 1
GAS-WELLS (MCF)
DIST FIELD NAME,ALLOC & FACTOR MONTHLY TOP MONTHLY 6/1
OPERATOR I.D. LEASE ALLOW ALLOW DEL STATUS
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
01 FASHING (EDWARDS LIME -A-) FLD NO. 30379500 AF
*** XTO ENERGY INC. 151629 HENDERSON ET AL 7688X 8432X 8432 0
*** XTO ENERGY INC. 156648 HURT, W. T. ET 7874X 7874X 7874 0
*** XTO ENERGY INC. 164104 TARTT, EMMA ET 6231X 7998X 7998 0
*** XTO ENERGY INC. 164105 HENDERSON ET AL 1240N 3100N 1333 0
*** XTO ENERGY INC. 184571 HENDERSON ET AL 6448X 8215X 8215 0
*** XTO ENERGY INC. 185508 HURT, W. T ET A 2635X 2635X 2635 0
*** XTO ENERGY INC. 186744 KELLNER ET AL G 22351X 22413X 22413 0
FIELD TOTAL MONTHLY DELIVERABILITY 219387
01 FASHING (EDWARDS LIME -B-) FLD NO. 30379750 NF
*** XTO ENERGY INC. 088306 TARTT, EMMA ET T. A. 0 0
*** XTO ENERGY INC. 143199 HURT, W. T. ET SI MULT 0 0
*** XTO ENERGY INC. 144630 TARTT, EMMA ET 14B2 EXT 0 0
*** XTO ENERGY INC. 145124 TARTT, EMMA ET T. A. 0 0
FIELD TOTAL MONTHLY DELIVERABILITY 0
GAS LIMIT MONTHLY TOTAL 19468
***G-10 DELIVERABILITY MONTHLY TOTAL 219387
SYSTEM MONTHLY TOTAL 238855

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