ADX 7.14% 10.5¢ adx energy ltd

getting some attention, page-5

  1. 7 Posts.
    More interest again today.

    I rang EBR yesterday re Emily and Cultana. The below quote is a partial copy of the post I made on fixx.co.nz:

    "1) EBR has received an AFE from a rig contractor and the costs look reasonable. The rig that they are looking at is a lot bigger than they need so they will be running the ruler over the benefits of paying a bit extra to get the drilling program under way (which they are very keen to do). Timing is possibly December or maybe early January.
    It they take up a rig slot expect an announcement in about ten days or so.

    2) Emily will test three stacked horizons. P50 recoverable reserves are 10.5mmbo and P90 are 7mmbo. Apparently these are conservative figures (the P10 must be a juicy number)."
 
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