you mentioned the AZZ exposure to the eagleford, their sp has been as high as .45 yet they have not demonstrated the formation is capable of flowing in their wells, imho the risk there would be how far the sp would fall on any negative news, volatility could become a factor in the day to day trends in that share imho.. buying in there atm would be a need great insights imho
adi and indeed all of the jvp members have very low sp, and imho the risk reward is attractive in one sense, to have as many as 3 wells being completed free carried and a further 3 wells drilled free carried commencing in Q1 2010, that really is the most intense period of drilling activity for any small cap oil explorer out there..
cant be long now before these operations commence imho, you can see from the photo of weston that they are set up for it right now..
plenty of news to start flowing imho, and the jvp need to get these fracs to crack open the hsale and chalks and get good connectivity and flow..
ADI Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held