ADX 2.02% 9.7¢ adx energy ltd

Well I think its about time someone blew the whistle on this...

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    Well I think its about time someone blew the whistle on this company. They currently have 350bopd at US$66/bl which equates to US$23k.
    Let’s assume they loose 50% in costs leaving US$11,500/d. Not bad, but put it in AUD for a year and you come up with $6m. How many other ASX small oilers can show those sort of figures and how long do you think the company will stay at the current MC given the work that is happening in Romania this year and the upside in Austria. Sorry for being the whistleblower but some had to do it.
 
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