A few weeks back there was a bit of debate as to whether ADX needed to raise capital. Now that the Appendix 5B has been released it is clear that a near term capital raising is not required (Good Oil)
Cash as at 30 September- $2.4m
Expected expenditure in following (current) qtr- $0.9m
Expected cash as at 31 December- $1.5m.
I would expect that good news would see this well would be producing within 6 months, hopefully avoiding the need to raise capital.
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