Rancho flows will be very interesting with 5000ft and "in the zone"
And as you say the paybacks are getting quicker due to high flows, the costs are tumbling due to quick drills and fracs.
All looks good from my perspective and i cant wait for an announcemnt as to why they needed the capital.
The only chance of a disappointment is that they pulled the trigger and grabbed 5 million before the markets tumbeled further over a Greece fallout?? But even that is prudent management.
ADI Price at posting:
28.0¢ Sentiment: Buy Disclosure: Not Held
