Adelaide Energy Limited (ASX:ADE) Patrick-1 Gas And Oil Exploration Well Prepares To Spud

  Adelaide, Australia, April 16, 2010 - (ABN Newswire) - Adelaide Energy Limited (ASX:ADE) is pleased to announce that its Patrick-1 gas and oil exploration well in PEL 255 (part of its 100% owned Otway Petroleum Project) is expected to commence drilling operations ( & quot;spud & quot;) this weekend. This follows the rig release from Hollick-1 which was announced recently.The Company intends to continue to provide weekly updates as previously advised.  

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