ADX 0.00% 13.5¢ adx energy ltd

Key sentence,"Further drilling through the Abiod reservoir...

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    Key sentence,

    "Further drilling through the Abiod reservoir section has revealed the presence of pinpoint dull yellow fluorescence and oil stains in the (water based) drilling mud showing bright yellow fluorescence."

    If we disect this sentence,

    "pinpoint dull yellow fluorescence" = gas or condensate at a medium/high intensity.


    "oil stains in the (water based) drilling mud showing bright yellow fluorescence" = not a heavy oil, ie light oil(so easier to move).

    It appears, we have either gas and oil or all three at what appears to be of good quality.
 
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