ADX 0.00% 8.3¢ adx energy ltd

Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-216

  1. 895 Posts.
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    Interesting all those talking like ADX has already hit the target by conflating a gas show at shallower depths as the major hit.

    Er, no.

    There is still a binary outcome pending for when the modelled reservoir target depth is reached:

    a. There IS an economic reservoir of gas.

    b. There IS NOT an economic reservoir of gas.

    It will be share price speculative heaven until then, after which reality will take over.......
    Last edited by subumbra: 20/03/24
 
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