Anshof was definitely a failure as an appraisal well and a failure financially .
They expected it would quickly increase oil revenue after bigger permanent surface facilities were put in place .
It failed to do that .
However it can make another appraisal well less expensive utilising the upper part of the well for a side track .
It does not take much away from the big picture of the Welchau well or the many of the other prospects that ADX has .
Dealing with failed wells is just part of oil exploration and development , investors should expect some wells will disappoint .
Anshof was definitely a failure as an appraisal well and a...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.71M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $60.60K | 560.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 524158 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 210000 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| ADX (ASX) Chart |