03 November 2008Company Announcements PlatformAustralian Stock...

03 November 2008
Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online
UPDATE ON OPERATIONS AT SUGARLOAF JOINT VENTURE
Adelphi Energy (Adelphi) is pleased to provide the market with an update on operations
within the Sugarloaf AMI.
Kowalik -1H
Adelphi has been advised by the operator, Texas Crude Energy Inc (TCEI), that on 31
October 2008 operations commenced to unload the Kowalik -1H well. As at 6am Texas
time on 2 November 2008 the well was still cleaning up and was flowing gas,
condensate, drilling and completion fluids. Once the well is fully unloaded, which may
require a second chemical wash to remove mud from the well bore, the fully stabilised
production rate will be advised.
Weston -1H
Adelphi has also been advised by TCEI that the Weston -1H well spudded on 2 November
2008. At 6am the well was drilling ahead at a depth of 392 feet. The well site is located
~1.5km to the east of the Kennedy -1H well which is designed with a 6,000 feet horizontal
section drilled to the south east.
As previously advised, the well is targeting the upper chalk interval that has been
reported to have successfully produced gas and condensate in four wells in the
adjacent acreage and in which the Kowalik -1H well has been drilled.
Adelphi has a 20% working interest in the Sugarloaf AMI. Other ASX listed participants in
the Sugarloaf AMI and their respective working interests are:
Aurora Oil and Gas Limited 20%
Eureka Energy Limited 12.5%