ADI 2.35% $3.05 apn industria reit

cap. raising, page-29

  1. 622 Posts.
    ADI had no option but to do a CR now if they wish to participate in the continue drilling of the jv. Hilcorps commitments are finished except the fracs. It takes 6-8 months to recover drilling costs so don't expect revenue to cover the future drilling program in the short term.

    The CR is a very positive step. The only other option is stop drilling for the next 9 months and that would be crazy.
 
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