ADE adelaide energy limited

BPT presentation brings a lot more detail to the table. check...

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    BPT presentation brings a lot more detail to the table. check out slide 38 for a good snap shot. but there is about 10 slides of detail on the shale play.

    Hard to argue with these hard numbers. It is fairly obvious with this detail that this is major IMO and flow data aside looking increasingly proven.

    Going by what they are saying about the PEL 218 resource ADE's share would likely be 5-7 tcf by the look of it. but with a bit of luck they will be looking to exceed expectations with thicker shale than expected so hopefully we can push 10tcf. (I may be wrong about how I read this though ?).

    Either way it is looking very good and by any comparison it is equivalent or better than the best shale plays in the states according to the data so far.

    Any one else got a view after looking at the presentation ?
 
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