ADX 0.00% 13.5¢ adx energy ltd

interesting notes from xst, page-15

  1. 265 Posts.
    Hi Fisho

    I have always had the opinion also that the Aboid was the main target for the lack of a better word simply because as you point out the Dougga factor.

    I really feel that the market is completely asleep at the wheel about the Dougga/Aboid factor in this well. Does the market realise that Dougga has about a 600m column of gas, this happened 30 years ago and the market isnt factoring in the potential of Lambouka delivering a similar result from the Aboid. The Aboid formation in Lambouka is 700m thick, im sure that the market isnt factoring this in also. Lambouka stands a high probability of delivering a thumping gas column. I have never heard of such a massive gas column until i researched Dougga, its the nearology of Dougga to the south with the Aboid formation that gives Lambouka a very good chance of success. If the Birsa delivers it will be cream on the gas pie. A birsa oil discovery will be the perfect world for ADX but not required, a bog Aboid gas hit will bring home the bacon.

    Cheers
 
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