"2 - 5 rigs for h2 2010", page-21

mick after that last post i think your seeing the light.

Why else would they sabotage exisitng holders equity stakes and confidence. Wait and see if they make an announcment re why they had to raise capital so early.

If they are organising anything behind the scenes, they arent gunna come out and blab it in public, till they secure the extra rig or rigs, frac crews etc, what ever it is they are up to needs to be tied up and organised to the point where any announcment wont affect its economics or logisitics, by competitors, competing for the same resources they need to do the job.

All im saying is wait see. If in 4-6 months time no forward plan has been announced for 2010 or 2011, then its time to start complaining about it. But is suspect theres action happening thats commercially sensitive for whatever reason with a good part of the CR funds.

It will likely still turn out that the CR was poorly timed, but who knows, maybe they thought with the Greece fiasco a few weeks back, they needed to pull the trigger and get capital while it was still available, just in case.

Lets wait see.......

The automated response by people who have been through years of CR's with ADI will be to complain about it, saying they have seen lots of previous CR's and no action.

My point is its a very different game since Kennedy got fracced. Weston confirmed that, Morgan and Easely then said , hay this is the new pattern you can expect.

The frantic pace hilcorp is setting then tells us, we can possibly expect better economics due to much lower drill and frac costs and thus better ROE per well.

The game has changed. Hence one would assume any CR right now is due to the game changing , possibly again.