ADE adelaide energy limited
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further results from jacaranda. get on board.

  1. Aksier
    12,893 Posts.
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    28/09/07
    07:07
    Post #: 2845362
    Annual report out.

    24th Choke 22 930psi 1.80mcf 122 barrels
    25th Choke 22 895psi 1.75mcf 109 barrels <5% water

    Looks like our well is stabilising into a nice little earner. Should end up getting $12,000 a day from it. That equates to over $4.4m per year with a payback around 6 months.

    I can't believe the ASX missed this in the Annual Report and didn't mark it as price sensitive.
    ADE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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