VPE 0.00% 41.5¢ victoria petroleum nl

amillionoppies, page-13

  1. 4,234 Posts.
    impacman,
    I still have a bit of work to do on researching the coals in the cooper and eromanga basins. There is one obvious difference with the innamincka dome, the resource depth - it is much shallower. I am not sure about the ages of the coals and the types of methane production that can be expected from them. They are both close to existing infractructure which is a great characteristic and puts some near term value to the resource if there is a discovery.

    The main reason for me making the reference is that they are being drilled in the same basin, and also the AGL drilling is being carried out first - so for me, I will be using that as an indication of STXs prospects while I continue my research.

    The only other company that I am aware to have drilled out in that area for CSG (which was up in QLD actually but still in the same basins) was BOW with their canaway ridge prospect. Not much has been reported on that for a while. The coals that AGL and STX are talking about are much more significant than the canaway prospect.

    Cheers,

    SF
 
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