ADX adx energy ltd
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be aware of the time lines..important

  1. Marketscan
    37,286 Posts.
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    03/11/11
    07:38
    Post #: 9232526

    anyone who thinks she'll be flowing oil by the of the year are totally wrong.

    if it's a commercial well, i see it starting approx 4th quarter 2012.

    i suspect they'll have a workover rig in by end of 1st Quarter 2012. 6~8weeks testing time & submitting a report to JVP's.

    then tieing up with the main pipeline.

    first oil sometime in early 4th Quarter 2012 (if somehow very lucky late 3rd quarter).

    have a listen from approx 4:20.

    http://www.brr.com.au/event/88035/gary-jeffery-managing-director

    .
    ADX Price at posting: 9.9¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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