beach to commence shale flow stimulation june, page-3

Extract from ADE annoucement

Commenting on the progress in PEL 218, Carl Dorsch, ADEs Managing Director, said:

ADE has been pleased with the rigorous scientific approach pursued by the Operator throughout the ongoing PEL 218 (Permian) exploration program, which will underpin a potentially very large contingent resource booking expected in around 3 months time. At that time, we will also explore the potential for the extrapolation of that booking into our adjacent permit, ATP 855P, in which we have an even larger equity position of a 20% working interest.