ESG 0.00% 86.5¢ eastern star gas limited

Here you go sorry couldn't post the diagrams.PEL 427 & PEL 428...

  1. 52 Posts.
    Here you go sorry couldn't post the diagrams.

    PEL 427 & PEL 428 DRILLING PROGRAM
    COAL SEAM GAS COREHOLE PROGRESS REPORT
    SYDNEY: Orion Petroleum Limited (ASX: OIP) today said that drilling of coal seam gas (CSG)
    coreholes in PEL 427 and 428 in northern NSW is expected to commence in February 2009. This
    Surat-Bowen Basin drilling program is part of Orion’s Stage 1 CSG farm-out to Eastern Star Gas.
    Drilling will start with the Moree-4 corehole in PEL 427, followed immediately by the Kurrabooma-1
    corehole in PEL 428. Eastern Star Gas has contracted the McDermott Rig 27 to carry out drilling
    operations, which are expected to take at least six weeks.
    The corehole drilling program marks the start of joint venture investigations into the CSG resource
    potential of the Surat-Bowen Basin in New South Wales. The Moree-1 corehole will investigate
    whether thick coal units intersected in the Edgeroi-1 well immediately to the south in PEL 238, extend
    northwards into PEL 427.
    This work will be carried out around the same time as acquisition of CSG-defining farm-out seismic in
    PEL 6, which will be followed later in the year with the drilling of a third farm-out corehole, in PEL 6.
    CSG Participating Interests – PEL 427
    Orion Petroleum: 25%
    Eastern Star Gas: 50% (Operator)
    Comet Ridge: 25%
    CSG Participating Interests – PEL 428
    Orion Petroleum: 20%
    Eastern Star Gas: 40% (Operator)
    Comet Ridge: 20%
    Davidson Prospecting: 20%
    Moree-4
    Kurrabooma-1
 
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