I have not looked to see if they are the same coalbeds and I dont have the maps to see if they have coal outcropping at surface, but if the Dingonose CBM Field has coal outcropping near to it, then the guys at BG should be looking to de-risk the previous potential issues I have mentioned, and also establish whether biogenic CH4 has contributed to the current gas contents.
Dont get me wrong, I agree with Tui, 10-17m3/t at Blackwater are good gas contents.
I currently hold the following CBM stocks: BOW, ESG, BUL , WCL & OIP
BOW Price at posting:
$1.05 Sentiment: Buy Disclosure: Held