re: Ann: BPT: BPT secures rigs for shale gas ...
With you on this one. The absolute killer for any company is insufficient funding to carry on as a going concern. ADE now has that risk removed and at a premium to the existing share price.
No one has taken away our asset portfolio, and in this respect the potential of PEL 218 just seems to get better and better. If atp 855 is just as good and we are able to stay the course with our funding requirements then what an asset value we will be sitting on.
BPT has been a real pioneer in the shale gas story and I'm sure that ADE will reap its rewards from being a strategic partner.
ADE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
