indication of potential value of atp855, page-4

Jake
ADE had 20% of the shale in 855 as well as 10% of 218. ICN has 40% of the shale in 855 and a bigger percentage of the higher CSG in both 218 and 855
BPT share price has gone up 50% since the ADE take over, so we are not comparing apples with apples, but rather apples with watermelons.
Shale gas in 855 is 100% not proven, the geology says it “should” have good gas flow, but it will not be proven until it is drilled and fraced.
If there is good gas flow we have ourselves a muti-bagger, if it doesn’t we will be lucky to get half our money back.
The whole basin currently has a big question mark over its shale gas potential (and the higher up CSG)