ADX do a very good job of sending emails to shareholders who have signed up for them. The latest info sent today is confirmation from Auctus Advisors that their forecast SP continues to be $1/share.
Auctus obviously have access to management when they say:
• The company expects to drill the Anshof-2 side track shortly. The well is expected to come onstream in 3Q24.
• A third Anshof producer (Anshof-1) could take gross production at the field to ~900 bbl/d by YE24. An updated reserves and resources estimate for Anshof is expected to be announced after this well has been drilled.
• ADX plans to also drill the LICH or IRR prospect with MND (we currently conservatively assume that the smallest of the two prospects will be drilled first).
• The company will also test the high impact Welchau discovery in 4Q24.
• With multiple upcoming catalysts by YE24, including production growth, reserves booking and high impact drilling, we re-iterate our target price of A$1.00 per share.
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Last
2.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.09M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 231581 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 30000 | 1 |
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| Last trade - 16.22pm 01/08/2025 (20 minute delay) ? |
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