ADX 1.03% 9.6¢ adx energy ltd

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

  1. 33,665 Posts.
    lightbulb Created with Sketch. 1786
    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
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.