ADX adx energy ltd
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Its really worth to read this...

  1. Tilly533
    312 Posts.
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    30/04/12
    23:55
    Post #: 10112158

    Its really worth to read this report:

    http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=xst


    Interesting, isn´t it?

    Site 1:

    "Notes (for Sidi): Assumes 33 % recovery factor of mean oil in place..."

    Site 2:

    "Sidi Dhaher:

    The interpreted 30 m oil column in the Sidi Dhaher 1 well occurs in good quality...
    Otherwise, the oil zone is interpreted to be similar to oil zones seen in nearby producing oil fields"

    Site 3:

    "... The curring estimate for testing to begin is mid May 2012..."

    ... but now the `post Sidi Dhaher Oilfield Limit´ line brings the majority of Chorbane prospects into an interpreted New Oil Fairway..."

    Site 4:

    "... The permit Operator (ADX) has adviced that the Sidi Dhaher oil discovery is expected to e flow tested in mid May 2012..."

    :o)
    ADX Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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