This is a shallow well so should know the results firstly soon. If MND paid $19m for 30% then ADX 60% is worth around $38m which is where our market cap is atm.
If they are successful in 5 folding the oil reserve in theory there should be at least a 2-3 fold share price rise.
Feel like still off the radar atm with the market.
Ann: Anshof-2 Drilling Commences, page-5
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
