What was new in the ann yesterday compared to the one on 26th is the history and geographical location of the site of Canning Basin. This is really important for investors to know that a drilling has been conducted in the 60s and coal was found from west to east of the site. This coal was said to be similar with the one heavily exploited by another CSG operator Surat Basin. Another key point is the site is also close to an LNG terminal nearby which obviously is producing combustible gas. With these two fundamental factors, investors should be very confident that the precious will be most likely found on this site.
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