Plus when u think about it... BPT got the 150m finance after fraccing was done succesfully. Just speculating... 180m cash plus 150m is a lot for just wells and explorations. They might purchase some shale assets or spend the money on some facilities (As suggested on BPT thread)
SXY looks to be a promissing target... but hefty price tag. At least beach is working closely with ADE and know all the details of the two wells. They wouldn't have gone and waste more $$$ to fracc it if they knew it was a dud. Same goes for ADE.... why buy 855 for 5m if you knew it was a dud.
I hope ICN loses and it is settled quickly. Beach will get 60% with ADE's help and go ahead with testing those fields.
ADE Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
