Assumptions:
ADX completes capital raising before drilling to secure cash - 20M shares.
Shares: 212M (after 20M for capital)
60% of Sambuca with P50 270Mbbls
Recovery 40%
Total P50 108Mbbls
Chance of success
10%
NPV
A$1080M @ A$10/bbl
Risked NPV
A$108M
ADX risked NPV
A$65M
ADX risked NPV/share
$0.31/share
Provided rig is confirmed for latter this year would expect ADX to trade closer to ~30c/share once rig is position.
Also has Chorbane and other permits for jv.
Assumptions:ADX completes capital raising before drilling to...
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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 |
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| Last trade - 15.37pm 28/06/2024 (20 minute delay) ? |
| ADX (ASX) Chart |