ADX 3.61% 8.6¢ adx energy ltd

What makes welchau different is, we know gas is there, we just have to drill in the right spot., page-4

  1. 9,157 Posts.
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    I know they are cash constrained but crazy they didn't have in the plan to drill sidetrack with rig on site - most time and $ are getting onsite and set up compared top a short drill and since there was no delay in original drill so no contingency time used. Truth may be a new drill site required as need to get higher up dip and give new well a opportunity to be production with sidetrack option .


    My question is - why try and extend and find edge - why not drill closer up dip and "guarantee " a production well and tehn sidetrack to confirm downdip edge ? They need gas production and gas flow to produce cash not 2p reserves IMO
 
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