AUCTUS PUBLICATIONS
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ADX Energy (ADX AU) C; Target price of A$0.10 per share: Drilling news flow. Production growth. Value. – 2023 is expected to be a busy and transformational year for ADX. The company plans to grow gross production at Anshof (4.2 mmbbl net 2P reserves) to almost 1,000 bbl/d with two new wells by YE23. At that level, ADX can generate US$13 mm operating cashflow per year (after tax). This represents ~65% of the company’s market cap. The An ....

17 Mar 2023
Auctus on Friday - 17/03/2023
Molecular Energies PLC (MEN:LON), 122 | Trilogy Energy (TET:TSE), 0 | Forza Petroleum Limited (FORZ:TSE), 0 | Nostrum Oil & Gas Plc (NOG:LON), 10.0 | Reabold Resources plc (RBD:LON), 0 | Arrow Exploration Corp. (AXL:TSX), 0 | Genel Energy PLC (GENL:LON), 111 | Hurricane Energy Plc (HUR:LON), 7.8 | DNO (DNO:STO), 0 | DNO ASA Class A (DNO:OSL), 0 | Equinor ASA (EQNR:STO), 0 | Equinor ASA (EQNR:OSL), 0 | Jadestone Energy PLC (JSE:LON), 47.2 | Hartshead Resources NL (HHR:ASX), 0 | Tethys Oil Ab (TETY:STO), 0 | Tethys Oil AB (TETY:OME), 0 | ADX Energy Ltd (ADX:ASX), 0
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Stephane Foucaud
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7 pages
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Auctus on Friday - 17/03/2023
Molecular Energies PLC (MEN:LON), 122 | Trilogy Energy (TET:TSE), 0 | Forza Petroleum Limited (FORZ:TSE), 0 | Nostrum Oil & Gas Plc (NOG:LON), 10.0 | Reabold Resources plc (RBD:LON), 0 | Arrow Exploration Corp. (AXL:TSX), 0 | Genel Energy PLC (GENL:LON), 111 | Hurricane Energy Plc (HUR:LON), 7.8 | DNO (DNO:STO), 0 | DNO ASA Class A (DNO:OSL), 0 | Equinor ASA (EQNR:STO), 0 | Equinor ASA (EQNR:OSL), 0 | Jadestone Energy PLC (JSE:LON), 47.2 | Hartshead Resources NL (HHR:ASX), 0 | Tethys Oil Ab (TETY:STO), 0 | Tethys Oil AB (TETY:OME), 0 | ADX Energy Ltd (ADX:ASX), 0
- Published:
17 Mar 2023 -
Author:
Stephane Foucaud -
Pages:
7 -
AUCTUS PUBLICATIONS
________________________________________
ADX Energy (ADX AU) C; Target price of A$0.10 per share: Drilling news flow. Production growth. Value. – 2023 is expected to be a busy and transformational year for ADX. The company plans to grow gross production at Anshof (4.2 mmbbl net 2P reserves) to almost 1,000 bbl/d with two new wells by YE23. At that level, ADX can generate US$13 mm operating cashflow per year (after tax). This represents ~65% of the company’s market cap. The An ....