To add to this, as a note if Blamore is a duster, the CBM will stabilise the price as previous drilling in the area has already proven the extensive coal measures in the basin(ie a 60m intersection drilled before). Risk instantly reduced by way of previously proven drilling.
Further to this, regarding gas, other drilling in the area has flowed gas to surface. The Ooraminna and Waterhouse prospects both have had Advanced Spaceborne Thermal Emission and Reflection Radiometer images which have demonstrated gas seepage in each instance showing anomalies similar to the Palm Valley gas fields.
Regarding oil; heres an interesting article on Simpson which will follow blamore
