prefer to see adi in the .30's atm but its just floundering atm.. i seriously dont think the eagleford is not a play in the acreages, when its the formation that is feeding the chalks and both are overcharged.. just my own opinion, and i think conoco see's it the same way..
if only adi can cut a break and complete a well.. its taken an eternity, and to think these wells now take 30 days to drill and about a month more to frac and be on line,,
its been a long haul from near liquidation for the jvp to getting a farmin partner.. 12 months of waiting, but of course plenty of buying opportunity..
mid .20's was what i thought adi would reach pre frac.. and then a solid climb after that..
early days still and plenty of wells to stimulate still..
ADI Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
