Recognize the speal, its not from ESG but from SANTOS to day
A new announcement has been released for STO Summary: Eastern Australia Business Unit Briefing Presentation Announcement number: 184649 Release time: 9/26/2011 5:56:00 PM (this announcement is viewable
YES TODAYS DATE
Check this slide Slide 19
with favourable permeability and gas content Existing PEL 238 appraisal pilots producing >2.5TJ/day. Good to excellent permeability Permeability data derived from DSTs Interpreted permeability >1,000 mD Master cleating identified in PEL 238 Good to excellent permeability consistent with results from PEL 238 lateral pilots
High gas content similar to Bowen and Surat Basins 20m3/t (daf) ␣ High saturation confirmed by early gas breakthrough in PEL 238 pilots
Gunnedah Basin 150;PEL 238 World-class CSG assets resulting in competitive cost of production & Excellent coal thickness High permeability High gas content ; High Bcf/km2 Existing infrastructure Lateral technology
Santos focus on maximising optimal efficient operations and demonstrate continuous production.
End of Slide
and if you read all the postings on Hot Copper Santos site for the last month other than system announcements you can cover the entire 4 postings in a minute. We will have to get a new day job as we probably be unemployed shortly.
Cheers Mattocks
ESG Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held