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
I know they are cash constrained but crazy they didn't have in...
Add ADX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.41M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 8.7¢ | 8.6¢ | $23.78K | 275.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27851 | 8.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 172973 | 2 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
8.6¢ |
Change
0.000 ( 1.18 %) |
||||
| Open | High | Low | Volume | ||
| 8.6¢ | 8.7¢ | 8.6¢ | 98941 | ||
| Last updated 15.41pm 06/06/2024 ? | |||||
| ADX (ASX) Chart |