Iona, Comments referring to the Light Jack formation ... OBL has...

Iona, Comments referring to the Light Jack formation ... OBL has in fact very little of the Light Jack formation Rey TPL and others have the vast majority staked out. OBL may have a sweet spot for CSG but tiny compared to neighbours.

...The estimated Lightjacket Formation in-situ coal volumes are substantial:-
i. High Estimate 118.2 Billion tonnes
ii. Best Estimate 80.2 Billion tonnes
iii. Low Estimate 50.6 Billion tonnes

General statements like the above, and there are several, refer to the larger Canning basin region not to OBLs tenements.

A tiny fraction of this is OBL's

TPL have staked 200+? plus of the Coal outcrops in the Canning, Rey has something like 30-40.... obl has none at surface. TPL has 14000km2 under application OBL area is much smaller and they don't own 100% of it.

The report on OBL was released to pump the price of OBL prior to capital raising IMO but infact was more relevant in alot of areas to OBL's neighbours.

Ps: I prefer meth (thats metholated spririts not Crystal meth) to turps ... I don't like the after taste.