Well, here is an estimate based on the latest data.
If we use the 2024 price of $9.4 USD per MMBtu as per the ADX presentation slide, we can arrive at the following figures:
807BCF (best technical estimate) = 838,473,000 MMBtu
838,473,000 MMBtu x $9.4 USD = $7,881,646,200 billion USD.
Currency conversion: $7,881,646,200 x 1.50 (USD to AUD conversion) = $11,822,469,300 billion AUD.
Deduct 25% for partner MCF Energy = $2,955,617,325
Remaining to ADX: $8.86 billion AUD
At $57m market cap, its nice exposure to have.
Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-30
Add ADX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.7¢ |
Change
0.001(1.04%) |
Mkt cap ! $55.09M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $40.40K | 413.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 247299 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 200000 | 1 |
View Market Depth
| Last trade - 15.37pm 28/06/2024 (20 minute delay) ? |
| ADX (ASX) Chart |