The cash flow from an oil discovery is very much quicker than a gas discovery .
Quick cash flow is what ADX needs to fund further exploration to avoid the need to raise more capital from share holders or from further farming down of their ownership percentages .
It is intriguing that they said they may deepen the well also .
It is not uncommon that exploration results point up compart mentalism of structures leading to some down grading of first estimation of resources .
We will just have to wait to see how the well tests go .
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- Ann: Welchau-1 Discovery Well Resources & Testing Program Update
Ann: Welchau-1 Discovery Well Resources & Testing Program Update, page-11
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