ADE adelaide energy limited

oil

  1. 2,656 Posts.
    "The forthcoming well at Killanoola South-East-1 provides a good opportunity to add oil production to
    our Otway operations, at a location which has been substantially de-risked for exploration purposes by
    the oil discovery made in the 1990s at Killanoola-1. Interestingly, this old well has recently produced oil
    to surface again, without the aid of a pump." From recent ADE announcement,

    Surely a great sign that oil is coming to the surface without any pumping, 250,000 barrels sounds very exciting at $120 a barrel.
 
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Currently unlisted public company.

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