From 2010 Annual Report, 1.7 Trillion tonnes mentioned here, so hope Cottee on the ball;
"Next I will remark brie?y on the status of the Company’s coal exploration. Relatively minor coal had previously
been discovered in the Pedirka Basin, but the Blamore-1 exploration well drilled by the Company in 2008
encountered a net 140m intersection of coal followed by a similar intersection at a coal well drilled some 50
kms distance updip along a high quality seismic section. Based on these results, other coal intersections in
past wells and correlations provided by seismic, an independent report has suggested the presence in our
mineral tenements of a JORC coal “Exploration Target” in excess of 600 billion tonnes at a level shallower than
1000m subsurface and a similar amount at deeper levels. Estimates for the petroleum permits suggest over
1 trillion tonnes (low estimate) above 1000m, with 700 billion tonnes deeper. Given this encouragement, a
program of ?ve widely spaced and fully cored coal and coal seam gas (CSG) exploration wells commenced early
last December and was completed in June. It seems highly likely that these Exploration Target estimates will
increase, since net coal intersections ranging from 60m to 140m were encountered in four wells. A ?fth well
sited to test the boundary of the deposit recorded 6.6m net. It is planned to drill an additional 4 coal wells later
this year along the western and northern margin of the permits where the shallowest deposits are expected. As
we have reported, it is unlikely that the coals seen to date are suitable for CSG, but it will be recalled that your
company has consistently promoted coal gasi?cation which accesses an order of magnitude more energy from
the resource than methane extraction alone. Signi?cant interest has also been expressed in coal production
per se, and your company is pursuing all opportunities to realize value from these potentially extremely large
world standard deposits. "
RAVI
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