nursery: IMO the obvious one takes too long in this case . They have kept up their commitments to Yemen and will continue to do so until they sell.The costs in Yemen haven't been negligible. Like you I wasn't too happy at first, but given the likely circumstances, and I might be wrong, they acted swiftly and prudently.Remember, also ,that they have made previous issues.From memory at 30c and at 6c.I subscribed to both as I suspect did most of the believers.
If further drilling is delayed by Hilcorp and they do sell their Yemen lease and don't need the early cash injection then you will prove to be correct and I will eat humbe pie. All the best.I still believe the company is better managed than most of the small oil companies and unlike some posters I am happy with their level of reporting. After Rancho I'm hoping for some indication of total reserves and info on future developmental drilling.Hopefully the market will then respond to the potential of ADI et.al.
ADI Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
