ADX 0.00% 9.8¢ adx energy ltd

duster, page-5

  1. 7,117 Posts.
    you guys seem pretty quick to dismiss the results as a duster but Im not so sure

    "A net pay of approximately 23 metres is interpreted within the two reservoir units. This compares favourably to the nearby Dougga discovery which is interpreted to have a net pay of 14 meters in the Abiod and an assessed mean resource of 74 MMBOE (million barrels of oil equivalent"


    Im no expert but doesnt this clearly say that there is a net pay nearly twice that of a nearby discover


    but this bit suggests it may not be as good

    "Due to technical reasons the gas shows were not as strong as encountered in the same Abiod interval in the nearby Dougga]1 discovery, however no carbon dioxide (CO2) was detected while drilling the Abiod Formation unlike in the
    Dougga]1 discovery."


    I dont know but Im not sure Id be jumping the gun like you fellas are

    Im actually considering buying some for a bounce trade but need to look at the fundamentals a bit more
 
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