ADE adelaide energy limited
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what is 1300 feet of 'saturated shale' worth?

  1. DSD
    16,010 Posts.
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    23/12/10
    23:16
    Post #: 7655681
    Whilst i believe BPT's posts that 'Encounter 1' is the real-deal re a massive rich gas strike... I have no real idea how to value it. Clearly we need to wait for pressure tests etc. But given all the info we already have re porousity, size, no water, mud pressure etc... does anyone have the know-how to make a stab at what ADE's 10% is worth?? I know from the CTP thread there are a couple of oil/gas experts, and wold love their opinion re ADE/BPT's latest announcement.
    ADE Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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