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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- Ann: Otway Petroleum Project Update
Ann: Otway Petroleum Project Update , page-2
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