Look back thru my posts with the search facility. I have previously posted some metrics based on CSG success at the 2 wells to be drilled starting this quarter in PEL 6 and the fact that the two so far drilled in PELs 427 and 428 both found 4-5m gassy seams. Upside next 6 months (and this is speculative and only my opinion) to 40 cents conservatively and over $1.00 longer-term IF a good percentage of the 3.5 TCf potential of CSG is realised (around 24% will end up OIP's).. check out previous metrics. They are also planning to drill a 31m barrell oil target in PEL 6 later this year if a JV partner can be found.
H
OIP Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
