ADI 2.35% $3.05 apn industria reit

back into the 30s, page-66

  1. 1,655 Posts.
    I do not read the announcement as saying that.

    They, firstly, say nothing about a revised reporting policy for significant events. With one well being drilled, reach TD, commencement of fracture stimulation, successful completion of stimulation are, I would have thought, significant events. Maybe not when they have 50 producing.......

    Secondly, there is a reference to 'further results' and 'ongoing programme' - not very precise but suggesting a scenario of several wells developed (a comforting statement in itself).

    Thirdly, they are merely saying that they won't report the initial rates when it starts to flow and clean up but will report 'the average rate over the initial 30 days production', which is probably more meaningful anyway.

    Mir: hats off, sir. 1% of AUT is going to make you very rich indeed.
 
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