Ann: Notice of Equity Derivatives of Athos Capital Limited in ADX, page-17

Sharkbait07 re: " That would be a crazy punt based on MUFG taking a substantial holding"

I am not punting on what MUFG have done.

I am punting on what ADX have done and what ADX say they will do!

I am punting on:-
Upcoming (October) testing of 450 mtrs of hydrocarbon shows at Welchau1.

Upcoming(October) Anschof 2A sidetrack , after Ans2 showed 12mtrs of nett vertical thickness and average 15%porosity versus original Anschof well that is now in production from its 2mtrs of nett vertical thickness and average 12% porosity.

Upcoming (November) drilling of partner fully funded ADX AT1 gas well which ADX estimates has a 70% chance of success.

Upcoming news re d 363C.R-.AX Exploration Permit

Upcoming news on ADX stated plans to "Mature large, high impact gas prospects for farmout in 100% equity
held acreage in the ADX-AT-I licence".


Disclosure : I have held some ADX shares since before 2010, but since they obtained the rights to 3500 square Klm
of 3D seisimic in Austria and negotiated agreements for access to infrastructure then I became (nearly) "all in" so
to speak on ADX, and the way I see it its a matter of so far so good, despite what I consider is a lame share price
reaction to date, JMHO as always DYOR.