ADE 0.00% 19.5¢ adelaide energy limited

Ann: Otway Petroleum Project Update , page-2

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    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.
 
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Currently unlisted public company.

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