A wall of announcements does not hide the fact that yet again ADX has had a hard time getting a flawless well.
For all concerned, it better not be a repeat of Romania, Tunisia, ... lots of announcements but no hydrocarbons produced (just consumed)
Couple of other asides from the annual report:
- Which well led to A$1.6mn of dry hole expense - nothing in the text, just in the numbers
- For 2nd year running they have temporarily shut in wells at Z&G - not profitable currently - if they can't be profitable at current oil/gas prices, will they ever? Either they don't want to take the write-down and cash cost of abandoning the well, or if you are being kind it is because they could be used for their green hydrogen storage and/or CCS plans ... which the annual report tells us is not the current focus of management time and cash expenditure ..
- hope springs eternal that they will be cash flow positive from operations ...
I also note that. other than admitting ot owning 51% of Romania asset, Reabold has said nothing about it other than it might be looking for buyer.
Aptly, their project page for the Romania asset is spot on ...
- Forums
- ASX - By Stock
- Ann: Welchau-1 Discovery Well Update with Data Analysis
A wall of announcements does not hide the fact that yet again...
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADX (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.71M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $120.9K | 1.152M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 294944 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 655924 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 275821 | 0.105 |
7 | 684332 | 0.100 |
2 | 60000 | 0.098 |
2 | 115711 | 0.097 |
3 | 138000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 442698 | 7 |
0.115 | 287224 | 4 |
0.120 | 268125 | 6 |
0.125 | 162151 | 3 |
0.130 | 465000 | 4 |
Last trade - 12.27pm 27/09/2024 (20 minute delay) ? |
Featured News
ADX (ASX) Chart |