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.
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
ADX Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
