it sits further north of kowalik, where the eog and dan hughes wells are.
adi acreages are in the condensate/gas corridor. similar to conoco and petrohawk and also not forgetting pioneer and murphy who just started their karnes county eagleford well on friday
i know tcei bought up acreages in atascosa and north of the adi acreages. its possibly part of the aut longhorn region also?
conoco has acreages going up to the trough, but i know of very little acreages that conoco have that are out of the zone we are in. adi sit in the prime acreages, hotly contested by major oil corporations during the earlier leasing events.. and mentioned in releases by adi as being that..
ADI Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held