Otway and the Gippsland get a big mention - In their third progress report, scientists found the geology of the Otway Basin has the potential to hold a substantial amount of conventional gas but it was too early to be sure. The Otway Basin covers 155,000 square kilometres with 80 per cent located offshore.
Handy COE has about half, if not more of the 155000 square kilometres.
They talk about methane leakage. I gather most of the leakage comes from shale and coal seam gas??
COE Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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