ADX 1.01% 9.8¢ adx energy ltd

dDon't understand their math on increased productionIf 100 bpd =...

  1. 156 Posts.
    lightbulb Created with Sketch. 43
    dDon't understand their math on increased production
    If 100 bpd = 30% increase, then oil production before this should be 333 bpd
    We see from their Q3 update that September total production was 221 boepd, with oil accounting for about 175 bpd of that.
    30% of 175 = 52.5 - assuming wording correct - oil
    30% of 221 = 66.3 - assuming they meant boe equivalent

    only other options are:
    1. 50% increase in production (boe) at Z&G fields in October - unlikely
    2. 100 bpd was actually 30% of production after start up - likely

    In any case sloppy (ADX mgmt) as usual
 
watchlist Created with Sketch. Add ADX (ASX) to my watchlist
(20min delay)
Last
9.8¢
Change
-0.001(1.01%)
Mkt cap ! $56.22M
Open High Low Value Volume
10.0¢ 10.0¢ 9.8¢ $4.322K 44.09K

Buyers (Bids)

No. Vol. Price($)
1 2501 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 199901 1
View Market Depth
Last trade - 10.22am 12/07/2024 (20 minute delay) ?
ADX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.