Ann: Otway Petroleum Project Update , page-2

Highlights:

- received $289,165 in gas sales (record) from Katnook facility
- stronger gas production
- ADE is also in oil sales
- Oil prices rose back over $70USD per barrel
- zero debt company
- Beach Petroleum (BPT) a substantial holder in ADE and partner in PEL-218
- ADE a junior oil & gas explorer and producer with good fundamentals and good growth potential

At 12c? We are heavily undervalued. Should trade around 15-16c, with potential over 20c in the long run.