Just reflecting back on the original spudding announcement ( P50...

Just reflecting back on the original spudding announcement ( P50 recov of around 250,00 barrels, and any discovery very profitable) it is clear just why we are waiting with great interest to see the updates on flow rates and reserves.

Even if KSE-1 and K1 only total a modest 200 bopd between them it would be a significant step forward towards a self sustaining and profitable company.
And with ADE's optimism about the Otway Basin's prospectivity who knows just how much more is to come here.

ADE has been listed just under 4 years and to my mind has done exceptionally well to build up such an impressive asset portfolio. in this short time.

If and I know it is only an if, their other oil prospects in Cooper and Otway come good then this will be a very profitable company. This totally discounts the big ticket items in PEL 218 and ATP 855P.

I feel we may be just on the cusp of success here and am so excited about our future prospects.