ADE 0.00% 19.5¢ adelaide energy limited

average 25% recovery, page-23

  1. 4,041 Posts.
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    Hangas, management know what they have here so they certainly wouldn't be giving it away IMO. Suspect they will try and do something whereby they engineer a way to be able to sell part of the shale play to develop the other. I doubt they will sell the lot at this stage without taking it to it's full potential ( or close to it's full potential). I have no idea on acreage values at this stage but all I can say is that it would be well north of $500/acre and less than $5000/ acre IMO.
 
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