ADE 0.00% 19.5¢ adelaide energy limited

aquisition target, page-54

  1. V8
    9,963 Posts.
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    Well Evan Shoal was sold for Gross 0.5 Billion last year.

    Its in the middle of the ocean and probably has less than 1TCF recoverable and has extremely high CO2 content.

    All NG has CO2, all cooper gas is a bit high in CO2, nope dont see any issue at all.

    http://www.seaaoc.com/news-old/magellan-snaps-up-santos-stake-in-evans-shoal

    Just as an aside there is a poster I follow like a hawk on HC called Needle very well worth seeing what he has to say about this field and MEO, would probably buy some it I had the cash.
 
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