I'm not sure why ADT are still pushing drilling at the extremities at this time and burning cash in the process. I'd much prefer they put all focus and resources into achieving nameplate production as soon as possible. I do not want to see another cash call before they get to nameplate production at or below forecast costs. Once that's bedded down, drill away by all means but in the interim I feel they should be conserving cash to direct it to optimising production.....not expending it on resource expansion. That time will come.
Company sounds pissed with the court directive but it does not sound like it imperils the company
Ann: Quarterly Activities Report & Cashflow, page-2
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