ADX 1.11% 8.9¢ adx energy ltd

Does anyone know the chance of success on the Giant Welchau...

  1. 2,164 Posts.
    lightbulb Created with Sketch. 563
    Does anyone know the chance of success on the Giant Welchau prospect? From what I can understand the trap type closure has been successful in the vicinity and it's up dip of a successful hit in 1989.

    I think there is value here with Anshof - 2 to increase revenue. They've got $5m in bank which pays for the Welchau opportunity hopefully drilling does happen before end of year. Just trying to decide whether should exit Melbana completely

    up to 800 bcf of gas in Austria would be an amazing hit if it comes in maybe a surge to $1 a share wouldn't be out of the realm of possibility.
 
watchlist Created with Sketch. Add ADX (ASX) to my watchlist
(20min delay)
Last
8.9¢
Change
-0.001(1.11%)
Mkt cap ! $50.54M
Open High Low Value Volume
9.0¢ 9.2¢ 8.9¢ $38.01K 425.6K

Buyers (Bids)

No. Vol. Price($)
1 31064 8.9¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 577 1
View Market Depth
Last trade - 15.53pm 21/06/2024 (20 minute delay) ?
ADX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.