Nice little summary by Edison. Refer http://www.adxenergy.com.au/documents/1333088214_Edison%20Investment%20Summary%20March%202012.pdf
"INVESTMENT SUMMARY
ADX's recent half-year results give us the opportunity to assess the scale of its prospect portfolio. With a 60% interest and operator of blocks offshore Italy and Tunisia, ADX estimates gross prospective resources of 409mmboe covered by 3D seismic and a further 572mmboe
covered by 2D. In particular, recent work to reprocess 3D across the Dougga condensate field has indicated substantial upside for which an independent competent person has been engaged to assess. Meanwhile, activities focus on the imminent testing of the Sidi Dhaher-1
well onshore Tunisia where ADX estimates mean in-place resources of 51mmbbls (20mmbbls net). The company recently bought back partner interests in its Romanian activities, giving it a 100% interest in the Parta concession and 11 prospecting permits.
INDUSTRY OUTLOOK
ADX has three permits offering high-impact exploration and appraisal targets in Chorbane(containing Sidi Dhaher), Dougga and Lambouka".
I like the words "high-impact exploration and appraisal targets" for Chorbane and "substantial upside" for Dougga.
Add to My Watchlist
What is My Watchlist?
