The thing is with ADX people are hung up on net pay. If tthat 40m zone;s of interests end up at 10-20m net pay would actually be good for this project
The company has actually been upfront and estimate that it looks like they only expect or hoping one well to flow at around 10-15mcfpd (this isn't Perth basin flow rates).
They've estimated they need 9 production wells to get to around 100mcfpd ? Which is fine as each shallow well is probably going to cost around 4EUR each which is way less than deep wells that are being drilled in the PB and everything to infrastructure is alot closer in distance than these other OnG plays
The thing is with ADX people are hung up on net pay. If tthat...
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $48.26M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $146.4K | 1.352M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 392828 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 306793 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 1357826 | ||
| Last updated 15.18pm 03/05/2024 ? | |||||
| ADX (ASX) Chart |