Hi all, just one qeustion relating to the costs of the project...

Hi all, just one qeustion relating to the costs of the project to pilot stage from here ? I am not up with fracking costs etc but I would assume with the spp done (assuming any short fall is taken up of course) then ADE should have ~10.5m cash at bank. To get to pilot well stage what is this going to cost us ? i assume costs from now on are not included in the farmin agreement with BPT ?

Just trying to add up any downsides (such as potential cash shortfall which seems unlikely now but may be something to contend with later on, over supply of nat gas which appears also not to be an issue with exponential demand stats etc, other competitors in the mkt (DML, STO, AWE, etc - and the dilution of investors across the sector because of it)...blah blah.

Have no doubt I am EXTREMELY bullish on this stock but I am trying to identify where a left field issue might come from IF one exists. When i first starting investing in this stock I thought on proving up of PEL218 we might see this 10-15x exisiting mkt cap because of the massive upside that comes with shale gas fields. I am just trying to work out if the "market" will now take stocks in this sector to those sorts of premiums on proving up of shale targets given the competition building in the sector and thus the perceived massive supply of gas.

Most likely I am jumping at shadows here but I am just trying to identify whether this has the hge upside that it might have had before. Have no doubt that it will rally hard on proving of PEL218 but it may be be a 5x existing rather than 10-15X existing in the near future (IMO) ??




Believe me I dont have many downside views o