some prospects for those not in the know

Otway Basin
The Otway Basin was the site of the first well drilled in South Australia and 100 years later, is about to come alive with exploration activity being driven by new land releases from the SA Government. ADE has become a significant reserves holder in this emerging hydrocarbon province.

ADE drilled and completed the Jacaranda Ridge-2 discovery well in 2007
Jacaranda Ridge-2 flowed gas at 3 mmcfd with 235 bbls oil & condensate following a production test in July, 2008
ADE is pleased to announce that an independent interpretation of the 3D seismic survey over the PEL 255 licence area has revealed excellent technical information about the Jacaranda Ridge structure
Independent consultants have prepared a detailed potential reserves report following the interpretation of the 3D seismic data acquired by Adelaide Energy at a cost of $3 million during late 2007/ early 2008 and geological and reservoir data collected during drilling and testing operations
The findings of the report indicate that the mean potential 2P (P50) reserves in place previously announced for the Jacaranda Ridge-2 discovery well of 0.3 million barrels of oil equivalent (mmBOE) have increased by a factor of 25 times to 7.7 mmBOE
Five additional drilling prospects on the Jacaranda Ridge structure have been defined by the 3D survey. All of these are larger than the Jacaranda Ridge-2 compartment, some of them many times larger. It is now planned that the drilling of these prospects will commence in 2009
ADE will be a significant energy player in southeast South Australia as its discoveries come on stream in 2009 - 2010

Projects – PEL 218
Eromanga and Cooper Basin: ADE 100% current equity
Eromanga Basin
A geological legacy of marine flooding of the central Australian continent during the Mesozoic Era and invaluable National asset hosting hydrocarbons and water reserves of the Great Artesian Basin. ADE acquired 219 km 2D seismic this year and processing of data for interpretation of prospects and leads is in progress.

The Eromanga Basin contains the oil prospective Namur and Hutton sandstone reservoirs
High heat flows ensure organic material has entered the generative “oil window”
Numerous anticlinal plays have been identified and 3 matured to Prospect status
Farm-in partner Icon Energy Limited will drill the first well in 2009; P10 oil-in-place in Wakefield-1 is estimated to be 3.1 MMbbl in the primary target.
The 2008 Wakefield Seismic Survey acquired 219 km 2D seismic to delineate additional plays in the permit. Seismic acquisition was completed in September 2008.
ADE has met all obligations in PEL 218 under Native Title agreements and Work Area Clearance to protect sites of cultural significance

Cooper Basin
A prolific hydrocarbon province formed during a period of abundant coal-forming Palaeozoic forests, massive lakes and river systems. ADE will join the group of international companies proving up tight gas, a major untapped resource, by drilling Wyatt-1 in mid 2009.

Thick sequences of Permian age sands and hydrocarbon-generating coals sealed by impermeable caprock shales
Home of the massive Moomba, Big Lake and Tirrawarra gas, condensate and oil fields
Maximum thickness of Cooper Basin sediments and highest heat flows occur in the Nappamerri Trough, the heart of Adelaide Energy ‘s PEL 218 permit
Despite its massive size and great potential the Nappamerri Trough remains under-explored because wells drilled previously failed to intersect productive zones
ADE will follow the lead of Canadian and American visionaries and drill for tight gas, the exciting new play concept gaining international focus in an energy-hungry world
Tight gas plays favour long horizontal well sections and benign drilling fluids to protect permeability – ADE has designed just such a well for drilling in late 2008
Tight gas has the potential to rival coal seam methane without the environmental impact of water extraction and interruption to agricultural land

Projects – PEL 218
Eromanga and Cooper Basin: ADE 100% current equity
Eromanga Basin
A geological legacy of marine flooding of the central Australian continent during the Mesozoic Era and invaluable National asset hosting hydrocarbons and water reserves of the Great Artesian Basin. ADE acquired 219 km 2D seismic this year and processing of data for interpretation of prospects and leads is in progress.

The Eromanga Basin contains the oil prospective Namur and Hutton sandstone reservoirs
High heat flows ensure organic material has entered the generative “oil window”
Numerous anticlinal plays have been identified and 3 matured to Prospect status
Farm-in partner Icon Energy Limited will drill the first well in 2009; P10 oil-in-place in Wakefield-1 is estimated to be 3.1 MMbbl in the primary target.
The 2008 Wakefield Seismic Survey acquired 219 km 2D seismic to delineate additional plays in the permit. Seismic acquisition was completed in September 2008.
ADE has met all obligations in PEL 218 under Native Title agreements and Work Area Clearance to protect sites of cultural significance

Cooper Basin
A prolific hydrocarbon province formed during a period of abundant coal-forming Palaeozoic forests, massive lakes and river systems. ADE will join the group of international companies proving up tight gas, a major untapped resource, by drilling Wyatt-1 in mid 2009.

Thick sequences of Permian age sands and hydrocarbon-generating coals sealed by impermeable caprock shales
Home of the massive Moomba, Big Lake and Tirrawarra gas, condensate and oil fields
Maximum thickness of Cooper Basin sediments and highest heat flows occur in the Nappamerri Trough, the heart of Adelaide Energy ‘s PEL 218 permit
Despite its massive size and great potential the Nappamerri Trough remains under-explored because wells drilled previously failed to intersect productive zones
ADE will follow the lead of Canadian and American visionaries and drill for tight gas, the exciting new play concept gaining international focus in an energy-hungry world
Tight gas plays favour long horizontal well sections and benign drilling fluids to protect permeability – ADE has designed just such a well for drilling in late 2008
Tight gas has the potential to rival coal seam methane without the environmental impact of water extraction and interruption to agricultural land

Projects – PEL 105 :
Cooper Basin : ADE 50% equity
The northern Cooper Basin province hosts the massive 100 MMbbl Tirrawarra Oil Field in the liquids-rich Patchawarra Trough. ADE has acquired 93 km 2D seismic during 2008 in this proven hydrocarbon region.

PEL 105 spans the central Patchawarra Trough from the Permit’s western limit close to the Moorari and Kudrieke fields east to the huge Santos-operated Bookabourdie Field
Re-interpretation of geophysical data has allowed ADE to identify a large hydrocarbon target between the producing Moorari and Kudrieke fields
The Pirie-1 exploration well will be drilled in 2009 on a significant closure above the abandoned 1983 Toonman-1 well
Toonman intersected tight hydrocarbon saturated sand in an era when fracture stimulation was in its infancy – ADE will fracture the tight sands to access P10 OOIP of 23 MMbbl and P50 OOIP 2 MMbbl.
The 2008 Wakefield Seismic Survey acquired 93 km 2D seismic to identify and mature a range of drilling targets including around the flanks of the Bookabourdie structure.
Proximity to pipeline infrastructure and processing facilities high-grades all discoveries in PEL 105

Projects - West Florence Prospect, Colorado, USA


Located in Fremont County, Colorado USA
The play developed by Dr Robert Weimar, Emeritus Professor of Geology at the Colorado School of Mines and John Lockridge – 2005 “Explorer of the Year” AAPG
A fractured formation play targetting the sands of the Dakota group
Adelaide Energy will farm in to a 15% interest in 12,000 acres by contributing to the cost of land acquisition and the first well/li>
Exploration around the Florence Basin
Very little drilling for early Cretaceous targets has taken place in the basin
Shallow drilling in the 1940’s discovered oil in the Pierre formation. The field produced 15 million barrels before being abandoned. The Pierre remains a target in the deeper West Florence Prospect
The Prospect is based on the giant Wattenburg Field 160 kms to the north which produces oil and gas from rocks of a similar age
Exploration in the Florence Basin will be to look for sweet spots based on aeromagnetic analysis of basement fracture patterns
The principal target is the Muddy (J sand) of the Dakota GroupPotential resource of West Florence region estimated at 200 bcf of gas and 5 MBO

Buy some for Ron and later 2009. :)