ADI 2.35% $3.05 apn industria reit

agent,sorry to be frivolous, but the parking cone by the big...

  1. 1,655 Posts.
    agent,

    sorry to be frivolous, but the parking cone by the big truck just creases me.

    But what the pictures do show is the enormous amount of equipment that needs to be assembled and the preparation that needs to be done before they can start the operation. So delays do not really need any special explanation.

    Re the ADI presentation, on page 12, headed "multi-stage Frac Schematic", they describe the lateral as 3,000 METRES long. What's your view on this? Do they actually mean 10,000 feet? That is 3x Weston. That is 2x the target length of Kowalik. Are the 3 new wells designed to be the equivalent of 9 Westons? If so, that could significantly change the cash flow expectations. 3 x Weston AND fraccing both horizons.
 
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