Hi Roch,
Could you please demonstrate the calculations of your estimated AUD$30Mill cap raise?
This recent drill 50% share for ADX capped was Euro$5.1M being more or less AUD $8.5Mill. Total estimated drill cost AUD$17 Mill
From what I read any further well costs will be split 75% ADX 25% MCF
I'm not sure what the cost will be for the drill rig to flow test? Assuming lets say another $17Mill,the cost for ADX is shy of AUD $13Mill
Anyone else have any insight to future costs to re-enter with another rig to flow test?
Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-225
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13.5¢ |
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Mkt cap ! $76.81M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.3¢ | $23.37K | 173.3K |
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| No. | Vol. | Price($) |
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| 5 | 262680 | 13.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 934409 | 2 |
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