(saozzi)
It dosent matter what l think its what the market thinks .
But by the End of year if ADX as stated drill the Dougga and Lambouka wells ADX should be back to around .08/.10 cents in anticipation of these wells thats a 250%-300% rise from today
As mentioned previously there were clues to this being negative on the 18/06/2012 when dumping occured at 1.30 pm during the lunch time period .
There will also be clues when to get back in for a quick profit, ATM though the market is hammering any negetive news and this may continue during the week ,
next week Tax selling will be over and ADX may recover somewhat depending on ADX annoucements and Market Sentiment ,
longer term
Sicily Channel appraisal program
Drill Dougga gas field appraisal well Q4 2012
Test Lambouka well Q4 2012
Follow up exploration well 2013
Kerkouane Permit - Sicily Channel, offshore Tunisia and Italy.
This work will be presented to the industry at an upcoming AAPG conference in September 2012 (ICE, Singapore).
Parta License, onshore Romania.
A seismic tender for 2D and 3D was completed which will allow ADX to start seismic operations immediately after Prime Ministerial ratification of the Parta licence agreement
Offshore Tunisia and Italy - Kerkouane - Pantelleria Permit; d364 C.R-.AX permit (all ADX operated)
ADX has started a farm out campaign for its Sicily Channel acreage. A number of companies have already approached ADX with a view to participate in future drilling projects such as the Dougga appraisal well.
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