I know there's people on this forum that have ran well spacing numbers and potential revenue for the total leased area, but what about costs to develop? Its hard to speculate now not knowing what our sales revenue will be now with Kennedy, and say another 5 producers already paid for (of course a lot more than now!!). If ADI can fund their 10% of the development costs from these free carried wells, we're on our way big time.
Next week if Weston flows well, the co. will be re-rated (IMO).
ADI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held