Welcome to Adelaide Energy Limited (ADE)

ADE is an oil and gas exploration and production company headquartered in Adelaide, South Australia.In its short history since listing on the ASX in June 2007, the company has assembled a portfolio of exploration and production assets centred around the Otway and Cooper Basins in South Australia.

Company Highlights

• Listed 14 June 2007, now a moderately sized but expanding E&P company
• Drilled its first gas and oil discovery well in July 2007
• Aggressively focusing on oil and gas exploration and production
• Operator for Drilling and Seismic programmes in four permits
• Portfolio embraces exploration acreage in theCooper, Eromanga and
  Otway basins
• The Company is earning income from hydrocarbon production from the Otway BasinADE has positive cash flow and is operating debt-free
• The company has a small non-core asset in Colorado in the US

PEL 218: Eromanga Basin and Cooper Basin, central Australia

• Large permit with numerous oil and gas plays in anticlinal targets
• Multi-TCF deep-basin gas potential in the Nappamerri Trough
• Beach Petroleum Ltd has acquired 90% interest over the Permian section to basement and 70% from top-Permian to surface. ADE’s interest in PEL218 is 10% from surface to basement and Beach will carry ADE for the first $25M of expenditure in this section

PEL 105: Cooper Basin, central Australia

• Anticlinal and flank plays in the liquids-rich Patchawarra Trough
• Surrounded by oil and gas fields and in close proximity to major oil and gas hubs

PEL 255: on-shore Otway Basin, south-east South Australia

• ADE receives income from the Katnook gas plant (100% ADE) in the Otway Basin
• Jacaranda Ridge-2 discovery well flowed 3 mmcfd with 235 barrels oil and condensate/day
• After interpretation of the Jacaranda Ridge 3D Seismic Survey the mean potential 2P (P50) reserves in place have increased by a factor of 25 times to 7.7 million barrels of oil equivalent
• Winning bidder for two new exploration blocks following the 2008 acreage release by the South Australian Government