ADX 8.57% 9.6¢ adx energy ltd

Hi Car27, good to see your still on the registrar.I've just...

  1. 41 Posts.
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    Hi Car27, good to see your still on the registrar.

    I've just bought back in today after a long hiatus. Was tempted to buy at 10.5 but given the weakness on the buying side got my 300K fill at 10c...happy with that!

    I originally bought this stock over the no-brainer Nilde Oil field until the moratorium came into play. That being said, the recent overturn allowing ADX to explore for gas was greatly received, however, there still is a chance that oil exploration pre-moratorium may also be given back. If we are lucky to be given this license for oil then this alone is a company maker and we would have no problem finding a partner to fund 100% of the FPSO for a minimal % stake.

    Nilde aside, its all the upcoming drilling and Welchau that made me re-enter this stock. Welchau's 450m column is too compelling to ignore especially when the Austrian Government has marked this discovery of national importance owing to its potential to circumvent the nations dependency of Russian gas.

    GLTAH, Exciting times ahead for ADX


 
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Last
9.6¢
Change
-0.009(8.57%)
Mkt cap ! $54.59M
Open High Low Value Volume
10.0¢ 10.5¢ 9.6¢ $89.95K 900.5K

Buyers (Bids)

No. Vol. Price($)
2 171037 9.6¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 189920 4
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Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
ADX (ASX) Chart
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