rice, page-10

sushi sushi, if you look up on the asx or adi website you will see the plans afoot for sugarloaf. DYOR on the sugarloaf share, there is lots of information to reference..

ADI are announcing weekly on wednesdays, so the next announcement is in two days, the previous one was 5 days ago. Both the upper hosston and lower hoston had shows. They have all been reported and i cant understand how you missed them?? The austin chalks are also of great interest to all partners, they also had shows.

The primary has had numerous significant shows, please look at the announcements and the information is all posted, EKA and AUT has also posted the shows.
If you look in this thread a little i believe many announcements were listed..


Flow testing commences after TD. from all reports it appears it may be in the coming week.

The well has not been pronounced a duster as you put it, all shows of commercial significance have been reported, from what i have seen they have so far had double the amount of shows in size compared to what their projections were.. from memory they did the projections on 30 meters of shows, giving 800 BCF and they have over 50 meters that they have reported... lets wait for porosity and reserves once flow testing is completed.. but from all reports it looks great so far.

i have not seen any reports announcing it a duster, so i cant exactly follow what you mean, i have seen only reports announcing shows and i dont think i have missed any reports. Shows means the opposite to a well being a duster, and up todate the well has gas shows its not classified as dry hole, all investors are waiting for flow testing and porosity reports with great interest to see if the flows are commercial. TCO has invested a lot of time money and effort into this well, and even with a few drill bit problems they have had fantastic results. gas shows on all targets is not common on drilling wells, so dont underestimate the importance of the shows by any means. remember the information we get is extremely sanitised, and exrtemely conservative..

For me the secondaries are why i invested, and so far the well has proved the secondaries as commercial and adi is already planning 2 possible drills on the austin chalks.. the primary has many shows, and is not being viewed as a duster by any means from what i see and hear..

if the primary is a duster then the sp will go where the market allows.. depending on whether the secondaries are as good as reported and also on what stage new tiaton is. Again DYOR and work out things as best you can for youself. Everyone buys shares at different times for different reasons sushi, some buy long some short.