Coring operations have been completed at Vintage Crop-1, with over 200 metres of gross Toolachee Formation and REM shale formation penetrated. A total of five nine-metre cores were cut and samples have been placed in canisters for desorption analysis and measurement of gas content and saturation. Good gas shows were encountered throughout all cored sections and importantly, liquids and heavy gases were also present ? a significant enhancement to shale gas production economics. In all intervals the cores have begun desorbing gas with initial gas contents higher than expected with gas compositions ranging up to C5 (pentane).
This ann was worth 1c to their share price which is in a downtrend much the same as ours, the price of near neighbours has fallen and Im talking 1's of km's from the well - THATS A JOKE.
Just goes to prove that at the moment, everyone is pricing all risk assets as though were about to go into another depression/great recession and energy demand is set to plummet.
Just as an aside check what happen in 1994 about 2 years after the last recesion in 1991 ended, this is whats called a mid cycle slow down and happens everytime about 2 years into a broader bull market, imo as always.
ADE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held