Thanks Car.With European countries moving towards a war footing,...

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Feral54

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22/03/24

09:38

Post #: 73007351
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Originally posted by car27: ↑

Feral re your query on Anshof 2

ADX will go back and sidetrack Anshof after Welchau because as per 11/12/2023 ASX release:-

"The Anshof-2 well has intersected the predicted Eocene oil reservoir section at a depth of approximately
2160 metres measured depth (MD), approximately 40 to 50 metres higher than prognosis in terms of vertical
depth"

and

"Wireline logging results indicate a much larger high quality reservoir intersection at or near
the field oil water contact."

and

"The shallower than predicted oil water contact is compensated by the flattening of the
structure increasing up-dip volume and the existence of a much thicker reservoir
intersection which has been confirmed to extend across the field."

Not a big deal IMHO, I was able to pick up more ADX
(on what I thought was a good result as regards reservoir quality)
when the market interpreted it as a bad one and the ADX share price dropped.
Ah, the fun of playing the markets!!!!

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Thanks Car.
With European countries moving towards a war footing, energy security is a prime govt responsibility. ADX is grateful for the swap of a rig ro allow Welchau. This magnanimous gesture may have deeper undertones. If the 800 BCF is proven many doors including financial may mysteriously open.
TBC

ADX Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
13 Upvote

0 Great analysis

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Last 9.9¢		Change 0.001(1.02%)		Mkt cap ! $56.22M

Open	High	Low	Value	Volume
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