ADX 1.04% 9.7¢ adx energy ltd

new update of today, page-4

  1. opt
    193 Posts.
    Great news IMO!

    I read this as an additional wireline run to test sands that indicated hydrocarbon on the initial logs. The MDT (Modular Dynamic Tester) will test reservoir pressure at specific points allowing the interpretation of gas/oil, oil/water or both contacts. It is an expensive test in terms of rig time and equipment and would most likely not be run if there was not evidence of hydrocarbon from the initial logs. The test will give an indication of permeability but more in a qualitative rather than quantitative measure.
 
watchlist Created with Sketch. Add ADX (ASX) to my watchlist
(20min delay)
Last
9.7¢
Change
0.001(1.04%)
Mkt cap ! $55.09M
Open High Low Value Volume
10.0¢ 10.0¢ 9.7¢ $40.40K 413.8K

Buyers (Bids)

No. Vol. Price($)
1 247299 9.7¢
 

Sellers (Offers)

Price($) Vol. No.
9.9¢ 200000 1
View Market Depth
Last trade - 15.37pm 28/06/2024 (20 minute delay) ?
ADX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.