Court S re "Feeling a bit wary about this one"
Well I am not at all "wary about this one" I am in ADX for Anshof,
everything thing else is a bonus at ADX's current share price.
I am optimistic about the chance of proving up the 3P AND 3C Anshof Reserves and Resources
estimated at 26 MMboe.
ADX's Sept qtr should have positive cashflow. plus more money on the balance sheet
from the Anschof FARM OUT.
IF Welchau- 1 is delayed/or not approved ADX still has a lot more gas and oil targets to drill in Austria
Even in 2019 ADX had "8 ready to drill wells with approved well locations siteworks"
Final approval to drill Welchau would be a bonus resulting in a substantial increase in the ADX share price IMHO!!
I would expect ADX to "multibag its share price" if it found gas at Welchau!!!
Fingers crossed!!!
Happy to hold!!!
Not worried !!!
Not wary!!!!
Ann: Activities Update for Giant Welchau Gas Prospect, page-6
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