ADX 4.76% 10.0¢ adx energy ltd

What makes welchau different is, we know gas is there, we just have to drill in the right spot., page-16

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    FROM ADX WEBSITE :-
    "While the oil saturation at the Anshof-2 bottom hole location is clearly less than expected, ADX’ interpretationis that the well has penetrated the Eocene reservoir close to the oil water contact (OWC). The presence ofa thick very high-quality reservoir section in line with ADX’ P10 (upside) case pre drill maps and the fact thatAnshof oil field structure is flatter and larger due to the Eocene sands being encountered 40 to 50 metreshigher than prognosis is expected to compensate for the shallower than expected OWC depth at thislocation, i.e. a larger crestal volume with greater net reservoir thickness (approx. 5 times that encounteredat the Anshof-3 discovery and production well"

    FROM ADX WEBSITE :-

    https://hotcopper.com.au/data/attachments/5898/5898336-778d54d260258ec7d8b476eadcff7c1d.jpg

     Giant Thrust Anticline Structurewith a 800 Bcfe 1 best technicalprospective gas & condensate resourceof (approx 134 mmboe of oil equivalent)Multi Tcf upside and excellentcondensate potential Proven Play Type with testeddowndip well (Molln-1, drilled 1989)proving a 400+ metre gas column
 
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