obviously good news, page-2

Archie, Believe me, this is VERY GOOD news!!!

If you read through my post from about a week ago I mentioned that the biggest risk facing this project was the ability of the shale to actually frack. Many are focussed on the flow but the biggest hurdle in this particular stage of the project was the fracking itself.

The geo's number one concern was that the shale simply won't frack at all.

What we have achieved here is the absolute best scenario. No pancake fracking so we can now undertake horizontal production which is a big big deal.

History has shown that the way our shale has fracked will offer the most productive horizontal wells possible. There are lots of projects that simply do not achieve this result.

With regard to Encounter, they can book a resource without it and actually are not doing Encounter for the purpose of flow. They are doing it for:

1. Data gathering purposes.
2. More importantly, these wells actually have a benefit during the pilot well process. They will put Tiltmeters into Encounter and Holdfast which allows them to very accurately measure the direction of the horizontal fracking for the various production wells.

So, Encounter just needs to be completed before the pilot starts and all will be fine.

This is becoming more de-risked by the day which means that the value per acre will rise further and further.

The greater the de-risk, the greater the return for ADE shareholders = money in the bank!!!