the reporting issues of azz are not, and cannot be compared to adi
donell 457 was completed by sept 09..
the operator filed a well record on 21 september
DI ADVISORY: NO COMPLETION DATE USED OPERATORS CERTIFICATION DATE ADVISORY : ADDITIONAL ELEVATION (GL 335 & DF 362) DI ADVISORY: DISTRICT COMPLETION STAMP DATE 09/28/2009 5-1/2 X 4-1/2 CROSSOVER @ 9740. PERF/FRAC OPERATIONS SCHEDULED 11/09/2009
i think any investor with azz and not one with adi, is totally aware of the relationship antares has with petrohawk "The Donnell 457 No. 1H is subject to a term assignment in which Antares Energy receives a working interest back-in after payout"
whether the petrohawk well was fracced and was able to produce or whether it was a commercial well after any of the ops were completed is unable to be reported by azz, unless petrohawk allow it.
whatever reporting issues on the "term assignment" azz have between their management and petrohawk is irrelevant and unrelated to the working relationship adi have with its ami jvp partners on the "farm in agreement". everyone knows the difference is vast and the types of reporting restricted on a "term assignment" wells would always include ip flow rates, and just about everything else..
imho any reporting issues azz have with their term assignment wells should be discussed by azz shareholders on their thread.. hardly an adi issue at all
ADI Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held