THe point is nobody knows whether ADX will have a gusher or not. It is probably about 10% chance of finding large accumulation of commercial oil. Sambucca will be drilled next year. When it is drilled the shares will be much higher than than 13c. Everytime an oil speccy drills a potentially large structure, they go up strongly as people speculate that they will get rich out a large find.ADX at current levels is a "no-brainer".
1 billion barrels of oil potential, page-68
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Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $56.22M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.8¢ | $19.69K | 197.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43001 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 200000 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ADX (ASX) Chart |