Rob,
you said this:
"Now in EP97..RAW are the tenement/licence holders..CTP have farmed in to RAW for three prospective areas.One of which, Simpson West is to be drilled this season..This is an oil prospect..The top of the coal formation is at approx 1150 mtrs. with a seam thickness of perhaps 60 mtrs..In the likely scenario that no CBM is recovered from this well then GSG will receive NOTHING.."
Unfortunately you have confused people.
No wonder I could not follow, you should have kept quiet as you just demonstrated your lack of knowledge on EP97.
Simpson West has no probability of recoverable cbm due to depths. Go and check your permian depth structure maps for EP97.
I agree on no IPO for GSG - but of course, they haven't even sunk a hole yet for god sake.
announcement just out, page-39
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