You have made some valid points.
The September presentation for the "CBM IN QLD - Bowen Basin Permits" has put a line through the resources under "QUEENSLAND PORTFOLIO – PROSPECTS AND THEIR POTENTIAL" and said it is "Under review".
The assumption by us of course has been the bullish scenario that this will be increased. Will that be correct?
On a close reading I also couldn't help noticing from the 2nd. October update:
"..The first of these new production wells, Stratford #6, was drilled to 660m total depth. The well encountered unstable hole conditions and completion options are under consideration."
PLUS
"The second drilling rig commenced outside Stratford, with the drilling of Faulkland 01 on 8 August, to assess the CBM potential in the deeper northwestern portion of the Gloucester Basin....Faulkland 01 was air hammer drilled to 930m, and temporarily suspended short of its proposed total depth of 1,000m on 16 August, due to deteriorating hole conditions. Attempts to log and deepen the hole are under consideration..."
i am out for now, page-3
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