ADX 4.76% 10.0¢ adx energy ltd

to permit or not to permit, page-9

  1. 92 Posts.
    Oh ... one more thing:

    Look one more time at the "Tunisia"-site of Gulfsands and you will read the following:
    "At a minimum, the Sidi Daher-1 well has demonstrated the existence of a working petroleum system on the western portion of the permit, reducing the exploration risk of follow-up prospects. Geological and geophysical studies and seismic data reprocessing will be undertaken to further evaluate the exploration potential of the block."

    from http://www.gulfsands.com/s/Tunisia.asp

    From my understanding, I guess ADX is not the only one on pushing exploring activities forward in the means of further evaluating the full potential of Chorbane. I believe Gulfsands is also still interested...

    Sorry, and here is one more point for those, who were always criticizing:
    I don't believe any theories regarding a conspiracy here. The delays happened because of several risky developments in Tunisia, and I know how it can be in regions, where the "state" cannot fully guarantee for your safety, since my parents "flew" from a region in 1970 where they were regarded as a potential menace, although they were part of a small minority - 1991 a civil war started there. And that happened in Mid-Europe! Now imagine Tunisia and the strong winds of the revolution and the demand of many many people to get some work and earn something for their families.
    And now imagine that ADX would have listened only to irrational shareholder demands, let any security measures go loose and bang, something has happened - would that be the right way? Letting your people run into known dangerous areas, no matter what the cost is or irrespective of casualties?
    I think that would be far worse than the situation we have now. And I highly appreciate it, that they have done their job in a region full of insecurities arisen from the developments there - developments that were necessary.
    I don't want to proselyte anybody, I just want you to base your opinion on more hard-fact information and less speculation. In this sense, good job ADX - even if SD has failed. But every company has a list of failures in this sector, even the majors...

    Best regards,
    Oki-Wan 2.0

 
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