What can I say. A 51 metre individual coal seam is almost...

What can I say. A 51 metre individual coal seam is almost unheard of. Some seams in Queensland’s Bowen Basin are less than a tenth of that size and economically producing CSG.

Great news for EXR shareholders. Well done to the EXR management and drilling teams. Nice to see our esteemed local director Byambasaikhan with Neil onsite. I wonder if Richard Cottee is having a déjà vu moment?

It would have been good to see an attention grabbing announcement title, regardless this is shaping up to be something of huge importance. If they can confirm good gas content with permeability in the coals (the indicators are there), then the share price will rerate again into the double digits IMO. A contingent resource and proof of concept should follow positive testing. They should have an idea of the resource size and its areal extent after conducting the current testing and analysing their 2D seismic and geological modelling of the basin. Curious to find out how much of the 7.6TCF (risked) / 40TCF (unrisked) sits within this area.

Resting much easier after today and looking forward to seeing the story play out over the next few weeks and beyond!