rip the groundhog, page-9

man theres obviously a whole bunch of leaks out there on all jvp partners, but i aint complaining!!

on the 4th feb the weston well commenced a frac.. 13 days back..

this was the last news we have on the ops

8 February 2010

SUGARLOAF OPERATIONS UPDATE

Adelphi Energy Limited (Adelphi) is pleased to provide the following update on Sugarloaf AMI operations.

Operatorship

Adelphi has been advised by Texas Crude Energy Inc TCEI), that Hilcorp Energy (Hilcorp)have exercised their right under the farmout agreement to assume operatorship of activity within the Sugarloaf AMI effective from 1 February 2010.

Adelphi welcomes this development but would also like to acknowledge and thank TCEI for the significant role they have played to date in maturing the project to its present status. TCEI remain very actively involved and in particular will continue to manage land related issues

Easley #1H

The well has reached a depth of 11,350ft having run and cemented the intermediate casing string. This hole section will now drill down to the Austin Chalk and Eagle Ford Shale targets with a vertical pilot hole to a planned depth of 11,800ft. The pilot hole will be logged before sidetracking as a horizontal production well.

Weston #1H

Adelphi has been advised by the Operator, Hilcorp, that fracture stimulation operations commenced at the Weston #1H well on 4 February 2010. It is expected to take approximately two weeks to stimulate the 3,000 ft of horizontal liner in a number of stages.

The fracture design is similar to that recently successfully applied to the Kennedy #1H well.

Process equipment and flow lines have already been installed and the well will be flowed to sales during the clean up.

Kennedy #1H

The well continues to clean up with production performance in line with expectation after the recently reported IP rates of 4.4 mmscf/d and 1,130 bcpd. Production tubing will be installed in this well in due course.