hilcorp had pencilled in 10 wells, thats a minimum
theres no reason to discount the possibility of a second, third or forth rig..
the kowalik well will be flowing within a week or so imho
there are 2 wells to start a frac on immediately, and then the easley will be the third, so three in row literally within 30 - 60+ days from now imho
the first frac (kowalik) will generate value for the jvp as it translates to how the chalks aspect of the sugarkane is active
the moment kennedy is fracced then the eagleford aspect will become a major factor in the valuations
as there is hardly any value given to the jvp members by the market with respect to the two huge plays in the chalks and eagleford called the sugarkane, they all have some significant upside in the offering atm.. i expect a massive repercussions as usual by eka holders for saying this, but i think the adi sp is great value atm myself. as are all the jvp members.
good luck to all holders
all imho and dyor
ADI Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
