I think AZZ and ADI have nothing in common. AZZ currently have $8 million in annual cashflow and a successful field awaiting development...compare
AZZ
Antares is excited to announce the Frances Dilworth No. 2 is a gas discovery establishing the presence of
two significant gas resources - the Edwards limestone and the Eagle Ford shale. Wireline logging
operations and petrophysical analysis have confirmed 202 feet of gross and 140 feet of net Edwards gas
bearing limestone reservoir. Additionally, 148 feet of gross and 146 feet of net, gas filled Eagle Ford
shale was confirmed. Both totals far exceed the pre-drill expectations of 50 feet and 75 feet for the
Edwards limestone and Eagle Ford shale respectively.
ADI
Sugarloaf 1 - Failed to intersect the main productive zone in the Austin Chalk and the facture stimulation program is thought to have caused water influx into the well. Kennedy-1H - Producing at low flow rates but is also thought to have been non-optimally drilled. Kowalik-1H - There is still some hope for this well, which recorded encouraging gas shows whilst drilling but obstructions in the well bore may have prevented the achievement of potential high flow rates. A cleanup program has been completed and further acid stimulation is planned, which should result in increased flow rates.
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Ann: Yellow Rose - A Successful Discovery , page-69
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