Looking good now , Looks like Yogi was right but a bit late CB...

Looking good now , Looks like Yogi was right but a bit late

CB

The operator wishes to formally notify the Northern

Territory Government of a coal discovery in EP 93. Exploration drillhole CBM 93-004 was an updip 9 km stepout from an earlier well, CBM 93-001 which intersected 143 m of coal (seams > 1m thick). The latest drillhole, CBM93-004, intersected 144m of coal (seams> 1 m thick) and confirms earlier seismic interpretations of an extensive coal deposit in this area. This notification is pursuant to Clause 2.47 (pp 236) of the Northern Territory Onshore Petroleum Act.
The coal intersections in these two wells are significant and diagnostic seismic signatures in the general area are representative of a potentially widespread coal resource covering a large area of the Andado Shelf and other basin elements in EP 93. During 2010 Central will acquire new seismic and drill hole data over a wide area of the permit which will facilitate an improved estimate of coal volumetrics.
This major resource potential has possibilities to be commercialised either by way of a Coal Seam Gas (CSG) project (possibly with an associated Gas To Liquids plant (GTL plant) and/or a project exploiting Underground-Coal-Gasification (UCG) and/or Underground Coal to Liquids (UCTL) technology with production of associated petroleum liquids. Central presents this document as formal notification of this discovery and will endeavour over the remaining permit term to more fully appraise its extent and commercial potential.