It’s stated they are expanding their acreage to include significant world class potential in Upper Austria. Look at the dot points.
Not to mention the work overs needed in the Vienna basin. They actually have Romania works coming up too. So $3m wouldn’t last too long with the workflow planned.
I would expect farmout news soon
Ann: ADX Upsizes Strongly Oversubscribed Share Purchase Plan, page-3
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $65.43M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 11.5¢ | $262.8K | 2.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 248978 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 33340 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| ADX (ASX) Chart |