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8.7¢ adx energy ltd

Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-17

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ftroop

498 Posts.

108

18/03/24

11:01

Post #: 72936689
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Originally posted by marksman: ↑

Exactly as planned they have made a major discovery. Every prediction they forecast has come to fruition regarding this well.
In the next seven days if that trend continues then they will have discovered 800 BCF of gas. In the ground estimate by my calcs. for central Europe would be around $US800,000,000 or roughly $1.2 billion Aussie.
Given 75% is coming our way with SOI at 430M that is over two bucks a share!!! Even if you halve that amount to a dollar per share, I think 14c is a bit light on for a major discovery of potentially 800 BCF of gas.

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Just wait until the European and Canadian markets open

ADX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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