ADX 1.11% 8.9¢ adx energy ltd

Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-227

  1. 33,442 Posts.
    lightbulb Created with Sketch. 1734
    'Im not sure what the cost will be for the drill rig to flow test? Assuming lets say another $17Mill,the cost for ADX is shy of AUD $13Mill

    I would have thought it would not cost as much second time around , as they will have the drill casing already in , just need to perforate the casing and it would almost be just a demurrage type fee with the rig just there to have its BOP in place , and the ability to use the string to maybe perforate the casing at intervals , and take flow readings over say a week and flame control monitoring . but welcome to be corrected as have only been a distant observer to what happens - and that was 50 years ago ,
    Drilling in Europe sure is expensive compared to in the USA it seems .
 
watchlist Created with Sketch. Add ADX (ASX) to my watchlist
(20min delay)
Last
8.9¢
Change
-0.001(1.11%)
Mkt cap ! $50.54M
Open High Low Value Volume
9.0¢ 9.2¢ 8.9¢ $38.01K 425.6K

Buyers (Bids)

No. Vol. Price($)
1 31064 8.9¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 577 1
View Market Depth
Last trade - 15.53pm 21/06/2024 (20 minute delay) ?
ADX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.