ADX 4.21% 9.9¢ adx energy ltd

I quote from the coy sumnmary as well*****In the event of a...

  1. 1,099 Posts.
    I quote from the coy sumnmary as well

    *****In the event of a discovery, it is predicted that the first and shallowest reservoir (Birsa sandstone) could contain oil, whereas the final and deepest reservoir (Abiod carbonate reservoir) would most likely contain gas condensate, analogous to the nearby Dougga gas condensate discovery.*****


    they are in the Birsa sandstones to near a 1000 mtrs and no shallow oil shows they will not target HC according to this summary much deeper in the well.

    no oil shows yet means the shallowest reservoir as per this summary quoted is void of oil shows which means no oil in the shallow reserve drilled thus far.


    1 down 2 potential pay zones to go.
 
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