6"Will we be next?"IMO, we may not be next but we are definitely...

6

"Will we be next?"

IMO, we may not be next but we are definitely in line. As I alluded to in earlier posts, there are multiple parties watching and interested including both local and Asian interest.

IMO, market perception of the fracking is irrelevant as it not the end game. All that matters is that the prospective acquirers and/or partners etc. (with the technical knowledge) can translate the results as needed.

This is an asset play and there ARE some very big eyes on both ADE and BPT, who are happy to sit back and wait for this asset to be de-rsiked to an appropriate level.

There is an obvious direct link between the level of de-risking and the amount one has to pay for the asset. As we continue to tick the boxes, the value of this asset rises proportionally.

So, IMO, the real question is when will these parties deem it an *appropriate* time to jump in??? Is it before or after pilot well fracking?

As I said in a previous post but I may not have articulate it very well ...........

Given the obvious interest in this project, I expect so see a lot of behind the scenes corporate activity playing out over the medium term and I would not be surprised if we see an announcement prior to establishing a pilot well. It's at least an even money bet IMO!!!

Either way it is a nice position to be in and I certainly will not be out of this stock in the interim. Happy to let it play out over the coming months!