$4 per share upside and 80% chance of sucess, page-42

Believe i suspect you refer to the following.

As per Peter Strachan's report all indicators are excellent - 80% chance of success based on the observed DHI. Excellent management and highly experienced JV producer Gulfsands who has indicated it will take over the well once it is commercial.

http://www.stockanalysis.com.au/samples/sample1.pdf


Also refer to Paterson Securities research and BUY recommendation.

Mbramavich and CO as you rightly know MEO drill that was a duster was alot more speculative and much more high risk that ADX Sidhi Dhaher which i look at as almost blue chip.

Surrounder North East South and West by producing fields within a few kms this is one of the most exciting projects that i have witnessed by a greenfields coy in my career within Oil, Gas and Minerals.

Exciting times ahead for this stock.

When i purchased the likes of PDN years back (i still hold 500k shares) and CCU more recently i was as excited about them as i am about ADX currently.

Good Luck to all