ADX Energy Receives results from RISC review
- ADX Energy (ADX) receivs results from an independent review for Anshof and OHO undertaken by RISC
- RISC reviewed the resource and risk assessment for the two prospects and found “them to be reasonable”
- The review showed the mean unrisked prospective resource for Anshof is 6.6 million barrels of oil equivalent (MMBOE) and the probability of success is 43 per cent
- Executive Chairman Ian Tchacos said the ADX Board is “very encouraged” by RISC’s endorsement of the technical work
- On market close, ADX is down 8.33 per cent and is trading at 1.1 cents per share
