i cant see any news from NT being given for some days, last i spoke to ADI they said it starts Wednesday, then takes some days for the fluids to be removed and the flow will then be stabilised. i believe its a fairly standard frac, so it shouldnt have any issues. but this is the O&G exploration game!!
I am told no announcement until there are definitive results. so no GDN senarios playing out on ADI and AZZ, if its commercial (which it is) then they will announce it when the figures stack up.. with the well showing signs of being overpressurised, i am very interested in the flow rates on this well..
wont be long, i feel the monday announcement is most likely, but we can haope for earlier news.. ADI needs it just as AZZ, 6 months for NT to be tested and for ADI nearly 12 months for sugarloaf... its a real case of testing your patience..
good luck to you guys.. AZZ has become a great outfit.. you deserve good success for your patience..
AZZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
