ADX 0.00% 10.5¢ adx energy ltd

I am guessing there Could be a number of reasons to not continue...

  1. 33,859 Posts.
    lightbulb Created with Sketch. 1824
    I am guessing there Could be a number of reasons to not continue , ie "
    1:does the rig have sufficient pull back for a longer pipe string
    2: DO they have to widen the existing drill hole bore to start with a wider diameter pipe for a longer well , because as I am assuming the drill string needs to get progressively smaller as it goes deeper due to friction on the piple ?
    3 Do they have the technology on site to sidetrack currently ?
    Other issues anyone ie finance ?

    Would be good to get some feedback from management as I am guessing most investors are like me and do not know much about O&G .
    Noice to see the sp slowly climbing back up - and so it should with Welchau imminent to be spud .
 
watchlist Created with Sketch. Add ADX (ASX) to my watchlist
(20min delay)
Last
10.5¢
Change
0.000(0.00%)
Mkt cap ! $59.71M
Open High Low Value Volume
10.5¢ 10.5¢ 9.9¢ $110.9K 1.087M

Buyers (Bids)

No. Vol. Price($)
2 39990 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 170200 3
View Market Depth
Last trade - 14.59pm 30/08/2024 (20 minute delay) ?
ADX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.