ADX 3.85% 13.5¢ adx energy ltd

chart ssailor, page-35

  1. 1,190 Posts.
    I think if SD news is negative ADX will somehow dress it up with positive alternatives. eg need for a horizontal well.

    Can such vertical wells be converted to a horizontal well???
    Or do they have to start again? Anyone.

    Dragon Oil and Cooper Petroleum are going to drill such a horizontal well offshore in shallow waters in Tunisia.

    The operating wells nearby SD, I guess are just vertical wells, so fingers crossed. But this flow rate testing may not be smooth sailing.

    I now think the smart money is still waiting for the results and prepared to pay a higher price on a successful outcome.
    It is very possible we may have all hyped each other up.
 
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