G'day Towie,
The choice btw VIL at 0.005 or ADX at 8.6 cents comes down to your thoughts on the balance of each company’s assets.
VIL 0.005 = mkt cap $9.43 m for 10%
ADX 8.6c = mkt cap $37.69 for 40%
So equates to $9.42 m for 10%
Therefore they are equal value.
However VIL Louisiana project looks troublesome IMO
Very different geology there and some sort of a salt issue.
ADX have about 8 tenements in Romania, but it is only the most recently acquired one which is getting all the attention. It boarders Serbia and is said to be an absolute ripper in a proven area, and potentially much better than Sidi Dhaher.
From what I have read Dougga and Lambourka have major technical problems. Both are offshore and expensive capex, but the pay / potential reserve is said to justify it.
I hope ADX take the easy road to start with.
Actually I reckon you will be able to buy after ADX test flow Ann at a reasonable price and with the comfort of knowing the result.
1600 barrel / day would be good.
To me it seems most investors and brokers prefer established energy / oil companies that are trading at an obvious discount like Cooper Energy COE which also has a Tunisia major interest.
ADX does very little to promote itself, but I think that may change. Actually there is no pont over promoting as you just end up with peaks and troughs.
As you say DYOR
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Last
9.9¢ |
Change
0.002(2.06%) |
Mkt cap ! $56.30M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $57.61K | 577.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9919 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 385466 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9919 | 0.099 |
1 | 100000 | 0.098 |
1 | 85711 | 0.097 |
1 | 25000 | 0.096 |
9 | 628271 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 385466 | 8 |
0.110 | 361806 | 7 |
0.115 | 129700 | 3 |
0.120 | 138498 | 3 |
0.125 | 170151 | 4 |
Last trade - 15.53pm 09/09/2024 (20 minute delay) ? |
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