From the Breakaway Research Report on XState
"Sidi Dhaher
Breakaway have again applied the same principle in valuing the upcoming Sidi Dhaher prospect. We have applied a slightly amended NPV/unit as the prospect is based onshore. Using the metrics outlined in the table below, Breakaway value the Sidi Dhaher well at A$ 0.90/share on a fully-diluted basis."
Source: http://www.xstate.com.au/files/files/386_XState_Resources_-_Final_-_Breakaway_Research.pdf
A lot of upside is yet to be seen for ADX as they near spudding of Sidi Daher. From ADX's last ann, they were about 15 days away from spudding. I would've expected a market update if a delay had been encountered by now.
All looking good for rig set up/ spud ann in next 7 days IMO.
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These comments are my opinion only. Please do your own research
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