Supertramp
ADE and ITC are Cooper Basin rubbish from memory (sorry if im wrong)...ie tiny little oilfields (all crust, no bread). Take a look at how well Cooper Energy (COE) has done over hte last decade or so in the Cooper Basin never able to show a decent reserve.
If so, granted the companies are cheap, however their prospects have nowhere near the same potential as ERH in terms of size.
Size is not a problem for ERH (as will be seen over next few months)...flow is still the critical factor, and today's announcement is a STRONG indicator that that may no longer be a question mark. We pressure, we have good oil shows in the fluid recovered...the chances of good oil flow is therefore high.
Cdchi1
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