Morgan is flowing to sales and the clean up flow is coming this week according to last report. A flow rate close to 3000bo/day is possible because of the length of the horizontal. A flow rate close to that could see it into the 40's IMO.It is the first well that achieved a 5000 ft section in the ADI lease.If the reported rate is less than expected we could see a fall back into the 20's!! No way I'll be selling before the 3 current wells have been tested.
ADI Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
