yawn, page-10

theres nil anyone can do..

if the jvp had a choice today they would probably want to test kennedy right now.. but the market fails to understand that the completed kennedy well just sits there, and is not by any means a dry well, nor is it not to be considered as a uncommercial prospect.

the sp is exceptional value as ADI has a completed and untesed well sitting there paid for!

kennedy 1H, which is a horizontal well, according to the releases is drilled into zone 1, the same geology that kunde 1 is producing from as a vertical. all wirelines and sampling done todate indicates all the horizontals are sitting in the same play..


the present plan is to frac kennedy after kunde 3 is completed, this was done with all the jvp's joint approval. and that decision was always reliant on this extensive testing of kunde 3 to have taken place..

interesting days to come as the sp is falling on tiny volumes like $10k for the day!! hardly enough volume currently to make any inroads into the share in any big way.. but good value none the less imho.. not for the sellers but absolutely for the buyers..