ADX 1.04% 9.7¢ adx energy ltd

Kenlay, You say: "This target dwarfs the scope of Lambouke hence...

  1. 112 Posts.
    Kenlay,

    You say: "This target dwarfs the scope of Lambouke hence the significant interest in this well. " ??

    It is actually the other way around. The chorbane target is smaller than the Lambouka target was. It's nice to get exited, but please try not to miss educate the new viewers to this thread.

    --

    Lambouka:

    "ADX has estimated the mean prospective resource for the Lambouka prospect at 270 million
    barrels oil equivalent (?MMBOE?)." ADX

    Chorbane:

    "The most likely case prospective resource estimates for the Metlaoui are ~175 BCF gas with the possibility for an oil leg. In addition, the mean recoverable prospective resource potential for the Abiod formation target is estimated by ADX to be 44 mmbbls of oil." ADX

    --

    Lambouka was the company maker last year and the big fish. This is the back up, safer yet smaller target and ADX need a hit on this. If they get it, it is game on, and they will be aiming back out to sea and at Lambouka again. And, I will buy in. If not, it will result in another cap raising, more dilution. And holders may wait until Romania.


 
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