Presentations are great.
The future looks bright.
Where is the Sedlar-160. Do we have a firm contract yet?
This is an ongoing problem. Management release information after ASX close on a regular basis.
Nice to see the latest presentation in a sensible format.
For a find of Sidi Dahirs size 51mmbbls. Say with a recovery factor of 25% . Around 13 mmbbls is ready to be produced. At $15 per bbl in the ground, ADX,s share of 40% is $78 million.
That is 17.5 cents per share. Just for Sidi Dahir.
There is tremendous upside in the Chorbane permit, alone.
The rig selected ( Sedlar-160 ) is relatively mobile and capable of drilling any of the prospects in the Chorbane permit.
Time for management to give more regular information to the market. Presentations become boring as existing shareholders in the main know the possibilities.
We need real time information. Come on management, get real.
Cheers
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