Still a real chance in my opinion. They did mention the possibility in an announcement a few months ago. EIA approval can be issued any moment, after which ADX will release the details of what’s going on with the funding for Welchau-1.
In my opinion ADX should give someone like MND a lucrative offer i.e.
- 20% share in the project for 50% drilling cost of Welchau-1.
- An option to acquire 20% more in case there is a discovery to develop the whole Welchau gas field (can cost around 300 million euros, including 6-10 appraisal wells).
That still leaves ADX with 40% which can easily multiply our current market cap of 45 mill x 10 and potentially even more. However, we all have to consider the possibility of a dry hole but then again we have Anshof and other Austrian producing assets. Good luck friends!
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Last
9.6¢ |
Change
-0.001(1.03%) |
Mkt cap ! $54.52M |
Open | High | Low | Value | Volume |
9.8¢ | 10.0¢ | 9.6¢ | $156.1K | 1.605M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1913 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 69000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1913 | 0.096 |
2 | 141000 | 0.095 |
2 | 103187 | 0.094 |
2 | 171739 | 0.092 |
1 | 500000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 69000 | 1 |
0.105 | 753196 | 11 |
0.110 | 381041 | 6 |
0.115 | 150000 | 2 |
0.120 | 123358 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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