ADX 4.76% 11.0¢ adx energy ltd

Ann: Commercial Production Commences From Anshof-3 Discovery Well, page-10

  1. 1,587 Posts.
    lightbulb Created with Sketch. 404
    This is the first commercial oil production from a drilled exploration well for ADX since ADX was founded more than 10 years ago. It is no gusher and it is a limited test production but ADX is on the right path. The oil is produced into the green container and the truck is loading from there. On the top of this green container you can see flame arresters, I guess.

    30% more oil for ADX is nice for ADX, but we have to wait for the decline analysis and for 2,3 successful appraisal/development wells to get perhaps an oil production of 1,000 bbl/d as Tchacos or Fink said. Hopefully the decline curve of this production well delivers the hints that Anshof is big. Hopefully ADX has some fortune this time.

    The big gusher could be the planned Welchau gas exploration well hopefully.
    Last edited by huaneng: 24/10/22
 
watchlist Created with Sketch. Add ADX (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
0.005(4.76%)
Mkt cap ! $62.56M
Open High Low Value Volume
10.5¢ 11.0¢ 10.5¢ $52.20K 480.6K

Buyers (Bids)

No. Vol. Price($)
3 497202 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 185000 1
View Market Depth
Last trade - 14.53pm 13/09/2024 (20 minute delay) ?
ADX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.