ADE adelaide energy limited
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pel218 sale to beach with 20tcf gas target??

  1. FiendishRedbeard
    9,111 Posts.
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    18/04/09
    21:51
    Post #: 5026954
    From presentation few months back on PEL218. (27/11/2008)

    "160km2 overlying the Nappamerri Trough

    ADE to test the "Basin centred gas play" concept if proved could access over 20TCF of gas.

    Structural plays mapped by ADE provide significant buy lower upside"

    Not sure where ADE have pulled the 20TCF of gas from but the company the size of BPT clearly not looking for small targets which would not inpact the sp.

    Very interested to see what sale price BPT offers and if ADE can break 10c. Market cap ~A$9M.
    ADE Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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