ADI 2.35% $3.05 apn industria reit

back into the 30s, page-103

  1. 2,614 Posts.
    well said est - thumbs up

    yes i recently had communications with AUT as posted in the aut thread. they are very confident of back to back drilling. no specific mention of a second rig, but the timelines they are indicating seems to be extremely tight on one rig and easy on two.

    The original talk on easley i thought was 5100ft, so if they are now talking 6500 ft, something has changed to make them want to go longer. Perhaps its the additional funds from hilcorp. Correct me if im wrong.

    With two applications back to back for Morgan and Ranch it would seem logical to start drilling immediately, as hilcorp / TCEI have always had timelines that need to be met and they want them met as much as we do.

    Two rigs is indicated, its almost necesary to meet the timelines they are quoting, its the logical next step.
 
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