ADE adelaide energy limited

fickle is the market

  1. 2,183 Posts.
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    ADE releases an announcement on Tuesday (07/12) saying
    "evident that the Roseneath section is much thicker than anticipated (190-200m)" Pre-drill estimates into calculations for the 200tcf had the section at 60m.

    Also advise that "Mud weight of 13.2pp" suggesting high pressure zone.

    ADE share price does not move on 07/12 and no significant move until BPT releases statement and information on significance of thicker shale. Several HC posters also advised on significance of thickness.

    - - - - -

    There was a lot of money to be made for the faithful: I picked up 700k shares for 6.25c a piece from Tuesday to Thursday.

    ADE has miles to run if any of these formations have a decent flow in the vertical, and they confirm the extent of the shales in the Cooper, no joke, these two stocks are mulitbaggers and retirement material.

    I wait, I watch, all smiles.

 
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