Deus, thank you for the link with the update.
Usually oil companies try to share exploration, drilling risks and try to create joint ventures. But in this case I think it is ok that Adx drills the oil exploration well Anshof sole risk because it is a low cost well and because Adx got enough pocket money to digest a possible duster. If Anshof hits a new oil reservoir with initial pressure, this well could have the potential to double the oil production of Adx. I suppose this prospect is too small for potential framin partners, although the participation could be done for relatively small money?
Fingers crossed, that this since more than a decade rather hapless company so far, hits real oil this time.
- Forums
- ASX - By Stock
- ADX
- Ann: Presentation - Resources Roadhouse Investment Afternoon
Ann: Presentation - Resources Roadhouse Investment Afternoon, page-11
Featured News
Add ADX (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.79M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $55.70K | 556.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224999 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 173854 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224999 | 0.100 |
1 | 30000 | 0.099 |
2 | 88000 | 0.098 |
1 | 30000 | 0.095 |
1 | 125000 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 173854 | 4 |
0.110 | 314131 | 6 |
0.115 | 250000 | 3 |
0.120 | 135358 | 4 |
0.125 | 116000 | 2 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
Featured News
ADX (ASX) Chart |