ADI 0.00% $3.67 apn industria reit

ready for another day

  1. 8,204 Posts.
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    looking at the seismics and prospectus posted by EKA, and various presentations from ADI and ARQ and AUT you get the feeling that the hosston sands are maybe a bit deeper than they predicted..

    I believe that the Seismics can be out by 5% and the deeper the less accurate,, my thoughts are that 17,500 plus 5% is about 18,300 ish..

    I imagine that utilising a 6 1/2" bit will slow things down compared to the 8 1/2" bit that was planned before casing away the pressure problems from the sligo find as announced weeks ago,,

    we have had a week of delays with the casing, and now a good 6 days of drilling..

    if they go at 6 fph then we should have 1000 feet away from last wednesday.. 18,440

    is 6 fph too high or too low a rate??

    just trying to picture where they may be right now..

    i maintain the secondaries values are being kept extremely quiet and my investment in ADI was for only one or two secondaries to be productive in either sugarloaf or nre tiaton, but the hosston target which was always a wildcat target (unlike the secondaries) is still of great interest to me.

    i guess tomorrow the news of the rate of drilling will be established..

    it seems the stock is still being sought after, and speculated upon.. but regardless of the hosston sands there is great upside potential in the price in my opinion..

    good luck to those getting on the stock for hosston and for those like me who are long term investors, the future is looking good for the secondaries in any case..
    New tiaton is less than 4 weeks to spud.. so its one after the other now..

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