Easley should be finished in 5-10 days so the rig will be released then. 2nd rig would mean the 3rd well could start then. I'm assuming the jv has continous use of the original rig.
The importance to the sp of reporting IP is so we know the well isn't a duster. Can't understand why they don't want to report it but wait 30 days. Punters want to know the results asap. There is an economic cost to the holder by waiting another 30 days where there is other opps for their money to be on. I've been on plenty of dusters and know what happens to the sp or when drill updates start sounding less confident. That's why I jumped ship in 07.
ADI Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held