ADE
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0.00% 19.5¢ adelaide energy limited

the nature of oil and gas!On a serious note, this is a...

  1. Caliente
    2,619 Posts.
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    17/10/07
    14:05
    Post #: 2903882
    the nature of oil and gas!

    On a serious note, this is a reasonable announcement.

    The $10m intrinsic value on this Jacaranda #2 well alone is approaching parity with the companys market cap of ~ 12million after the post-announcement fall.

    I'm assuming they also have a few projects running aside from Jacaranda #2 (a single well in a single PEL!)
    ADE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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