placement to bpt, page-19

TF. My point is that instead of sitting around and just going along with the mob, ADE are in a very strong position to accelerate work on the post Permian sections of 218 and 855. They have a 20% interest in both those sections and if ICN are dragging the chain what better look would there be if ADE made an ann that THEY had initiated negotiations with the operator to commence working on 218 and 855 at the earliest opportunity?

Like it or not, and this can be seen by the SP and to the detriment of loyal SHs, the market now views ADE as a subsidiary of BPT, so, what better way to dispel that impression than by getting onto the front foot with the conventional gas areas in 218 and 855? IF in fact ICN are the ones that are procrastinating, let ADE show them up by taking the initiative.