esteon i totally agree. Often dilution is poorly used. However, in this case if it brings forward productive wells and cashflow it will benefit shareholders far more then the few cents they have been diluted.
Bring on a few extra wells and no one will be complaining.
Having said that it will take a month or so to get the sellers off the board, possibly might present some top up opportunities for LT holders. Lets face it if they are still 30c in 6 weeks time due only to sellers and they have two more fracs and an accellerated drilling program, wouldnt that provide a good buy.
ADI Price at posting:
29.5¢ Sentiment: LT Buy Disclosure: Held
