Very positive articles in todays AFR. Confirms posts on ICN or BPT thread yesterday that Lloyds have been in talks re financing, for tilts at Australian shale plays. ADE is also prominantly mentioned in both articles rather than just BPT. And for the first time there isn't the usual throw away line at the end stating that shale will probably be uneconomic in Australia. States that American service companies will naturally head to where the work is. Only small thing mentioned is perhaps the available lack of labour, but with our current 457 visa program and such I couldn't see this being a real problem. Also very positve on the role Australia will play in supplying the Asian region with gas. Says gas will be the big thing this century where oil was it last century.
ADE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
