the fundamental change that hasn't been reflected in the share price whatsoever is that their acreages have demonstrated what is very likely to be commercial levels of hydrocarbons. Until the tests prove this, things will likely stay the same regarding the shares. In fact, if this wasn't going on, and ADI were where they were a year ago, i'd imagine this would have been treated like most other juniors. In that sense, there's so much more riding on this now, as the market will pick this to pieces like vultures if this well isn't commerical.
Personally, I'm expecting some very nice flow tests given that we're likely to have hit natural fractures. I won't be celebrating though until we've got our wells hooked up to a pipeline, and drilling our next wells. $200m minimum out of texas - more money than a lot of firms are making in the US at the moment.
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