The Otway Basin was the site of the first well drilled in South Australia and 100 years later ADE acquired a dominant position in the Basin. ADE has become a significant acreage and reserves holder in this proven hydrocarbon province.
ADE drilled and completed the Jacaranda Ridge-2 discovery well in 2007
Jacaranda Ridge-2 flowed gas at 3 mmcfd with 235 bbls oil & condensate following a production test in July, 2008
ADE receives income from the 100% owned Katnook Gas Plant, Penola, and it's engineers are constantly working up methods to maximise production from the surrounding fields.
Jacaranda Ridge 2 was connected by a new pipeline to the Katnook Plant in the first half of 2010 and ADE received gas and liquids revenues from this well
ADE drilled 2 wells on the Jacaranda Ridge structure in the first half of 2010. Gas was flowed to surface from these and they are currently on test.
