I'm just surpsied that the major shareholder didn't scoop up ADI...

I'm just surpsied that the major shareholder didn't scoop up ADI when it was under 10 cents.........

Who knows what they are thinking. As far as the number of wells is concerned, let's all be realistic folks, way back when the talk was 'hundreds of wells' and all that sort of nonsense.

The operator controls the entire game here and I really, really doubt that they are going to be able to do more than 2 wells every 8 weeks. Maybe even longer if they base the plan on 30 day production rates.

So that makes a max of 12 wells a year assuming that they can actually get them done that fast including a frac job. We've been waiting for a frac on Easley for more than a month and then find out that it is going to be skipped in favor of another well.........

And that well has been ready for a frac job now for how long?

The only thing that I'm sure about is that if there is a T/O offer we will have nothing to say about it in the end unless it is by the current biggest shareholder. Small holders don't matter given the current share ownership structure.