Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-440

The crash from 0.23 to 0.089 is brutal.
Somehow typical ADX, we still do not know if Welchau is a success or not. Who does want to wait till end of the year to learn if Welchau is successful or not. In the past the answers for previously drilled wells (offshore near Sicilia, onshore Tunisia, onshore Romania) was no and only for the first Anshof oil well the answer was yes. Typical ADX, ADX procrastinated the reporting of the final results of Sicilia, Tunesia and Romania and I guess for many investors the Welchau delay looks and feels like a negative deja vu.