funny that the AUT update wasnt listed as price sensitive. anyway sugarloaf testing underway :)
12 September 2007
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online
SUGARLOAF-1 TEST PROGRAM COMMENCES
Adelphi Energy Limited advises that fraccing and testing operations at the Sugarloaf-1
well, located in the onshore Gulf Coast Basin in Texas, USA, commenced on 11
September 2007, Texas time.
As previously advised, there are up to three separate zones that will be fracced and
tested sequentially as part of this program in Cretaceous aged carbonates of the Austin
Chalk formation, with the deepest zone being tested first.
Further ASX announcements will be made as results from this test become available.
The Operator of the Sugarloaf Project (Texas Crude Energy Inc.) has further advised that
mobilisation of the drilling rig to the Kennedy #1H well site is scheduled to commence this
week.
Adelphi, through its wholly owned US subsidiary Adelphi Energy Texas, Inc., has a 20%
interest in the Sugarloaf Project which includes the Sugarloaf-1 and Kennedy #1H wells.
For further information please contact Alex Forcke or Chris Hodge on 08 9480 1300 or
[email protected].
Yours faithfully
ALEX FORCKE
Executive Chairman
Adelphi Energy Limited
funny that the AUT update wasnt listed as price sensitive....
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