Adelaide Energy Limited (ASX:ADE) Shale Gas Drilling Presentation

Sydney, Aug 10, 2010 AEST (ABN Newswire) - Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF) attaches an upcoming broker presentation on its shale gas drilling program, which is due to commence shortly.

Commenting on the drilling program, ADE's Managing Director, Mr Carl Dorsch, said:

"We are very excited to be nearing the commencement of drilling operations in our major shale gas exploration program, which the Operator, Beach Energy (ASX:BPT) (PINK:BEPTF), has advised is expected to start later this month and continue for the rest of this year.

We are fortunate to have an Operator of Beach's standing with the financial muscle and technical excellence required to prosecute what is Australia's foremost shale gas exploration program. We are very optimistic that the results of this program will vindicate Adelaide Energy's original acquisition of a very large landholding in shale gas prospective acreage in the Cooper Basin and our subsequent partnering with Beach in that acreage."

For the Adelaide Energy Presentation, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/63497-ASX-ADE-179088.pdf

Contact

Carl Dorsch Managing Director Adelaide Energy Limited Mob:+61-0400-508-088 Email: c.dorsch@adelaideenergy.com.au Neil Young Chief Commercial Officer Adelaide Energy Limited Mob: +61-0417-850-245 Email: neil.young@adelaideenergy.com.au