Fantastic announcement by the company. Management continues to deliver on its set objectives and promises. Wolfgang Zimmer and Ian Tchacos have significant experience in this field and bring with them decades of experience of turning explorers into producers.
Having spoken to the research manager at Edison Investment UK - interestingly Gulfsands (Oil and Gas producer) bought into the ADX Energy Assets specifically because of Sidi Dhaher which they viewed as the 'golden prize' in the ADX asset portfolio. If commercial they expect it to have the equivalent of a 10-15 year mine life.
It is no wonder that they along with others have placed a 60c valuation on commercial discovery.
http://www.edisoninvestmentresearch.co.uk/research/team/resources-oil-gas
DHI Flatspots, 6 Target zone and other anomalies bode well for this project.
Good luck to all - we could easily see highs retested prior to spud.
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