ADX 1.00% 9.9¢ adx energy ltd

Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-388

  1. 1,815 Posts.
    lightbulb Created with Sketch. 321
    806 BCF is the prize.
    $15,000,000 USD per bcf Exchange rate $1.53 therefore $23,000,000 AUD
    806BCF X $23,000,000 equals $18,5 Billion AUD
    $18.5 Billion AUD divided by ADX Working interest 75% equals $13.9 Billion AUD
    $13.9 Billion divided by 496 Million SOI equals $28 per share x 10% inground value = $2.8 per share!
    Still early days good luck to all!
 
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