nine lives please comment on coal mining right, page-3

The El licenses cover the coal mining rights. The PEL licenses cover petroleum & CSG rights.

also s/t company inferred resources report for weedine deposit should be out soon.

the boorthanna wells driven many yrs ago did show hydrocarbons but was never further delineated/tested since oil prices were 10-20/barrel then only.

re ctl....super expensive process with high capex. one company est ~4bil to get it all up but also forcasted an annual profit of 650mil/yr. with oil in play here as much as csg is as well i think the more we delve the higher a potential we see for sapex.

btw the other company planning the ctg plant has the backing of bp & the rbs(royal bank of scotland) hence not an insignificant minnow; the same should happen for sapex in the near future i reckon once the resouce is jorc compliant.