Rough number of wells is not really in doubt subject to results being consistent around expectations. Generally they seem to be consistent in that they plan a well per 100 acres so around 230 wells in AMI, and need one per 640acres to hold acreage by production. Timing of wells is unknown, but 24 per year from 2011 would probably not be out of the question, and probably ramping up slightly thereafter. That's around $17M for ADI.
ADI Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
