After reading this in Beach's RBS MORGANS Announcement, you have...

After reading this in Beach's RBS MORGANS Announcement, you have to know that ADE is worth a hell of a lot more than 20 cents, I am holding on. DYOR

PEL 218 program highlights to date
• Results from Encounter-1 and
Holdfast-1 exceeded expectations
due to:
– Shale thickness
– Gas saturated sands outside
structural closure
– 700 metres of gas saturated
section encountered
– ~2 MMcfd maximum flow rate
from Holdfast-1 post
stimulation
– 2 Tcf contingent resource
booking
• 480 metres of core recovered
which assists technical analysis
300+ Tcf of gas in place estimated for PEL 218 as a result of initial program
RBS Branch Manager’s Conference – 11 November 2011 Slide 15
• REM thickness exceeded expectations at
350 - 400 metres
• Core and log analysis indicates REM,
Toolachee, Daralingie and Patchawarra
Formations all gas saturated
• Fracture stimulation confirmed gas flows
from Roseneath Shale to the top of
Patchawarra Formation
• Potential for a further 600 metres of gas
saturation in the Patchawarra Formation
- to be tested in 2012
PEL