ADE adelaide energy limited

near pin

  1. V8
    10,930 Posts.
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    Bit of fun for easter as we should probably get a result next wednesday.

    Given Kill 1 flowed at 300 bopd initially, I am going to assume a similar result on the current well, which would result in approx $10 mil sales revenue a yeat less lets say $3mil for well maintenance and transport to geelong and we can probably add in that kill 1 as started flowing again but will soon have a pump hooked up.

    Even if all the above is completely wrong, I am sure their is quite a bit of scope for a lot more cashflow and profits for the company.

    So my guess for price action on success is

    28c spike settling back to 23c in anticipation of shale frac

    What do you think?
 
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