I am enjoying this phase.. its the last chance for the doubters and downrampers to have their say. so those who are investing should take the advice. jump now if your uncertain,, allow those with the cash on the sidelines to mop up please, i know of plenty who are waiting for you.... just be sure that you understand ADI is not the operator of the sugarloaf well TCEI is and TCEI is working with conocophillips with the ambition of developing the potential of a multi tcf chalk play with directional and horizontal drilling....
i will make it clear for all..
NO FLOW = SP DROP
FLOW = MASSIVE UPSIDE
now get over it..
lets talk about the indications here..
Should the jvp announce the spud of kennedy 1H, which is NOT A WILDCAT well and listed its primary target as sugarkane (PROVEN PLAY). Then will all be convinced the chalks are going to be potentially productive,, or is it a sign the TCEI camp has lost the plot?
The jvp announced K1h was mid sept, and last week the rig was mobile.. news must be close here..
ADI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)