ADX 0.00% 10.0¢ adx energy ltd

ADX getting some momentum behind it.I note from the AOC...

  1. 66 Posts.
    ADX getting some momentum behind it.

    I note from the AOC prospectus that Emily has a 1:2 to 1:3 chance of coming good in 2 or 3 of the three horizons of interest, but the independent geos report only gives it P50 recovable reserves of 2.5mmbls - maybe some reprocessing of siesmic since then?

    I've also noticed several parcels of option popping up on the offer at 7c - maybe one seller feeding them in?
    They seem to come in pretty constantly as purchases are made.

    Thoughts on that lot?

    Watching in the West
    Coaster

    fixx.co.nz - oiler forum
 
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