Some more wells needed and sustained flow-rates, however, we know that the coal seam is widespread over the whole permit and we know that there is good gas saturation and that the gas will flow, so very high probability that the Stanwell deal will be set in concrete within three or four months.If by some million to one chance ICN couldnt prove up enough gas for the Stanwell farm-in area then they can expand the area until they have the required proven reserve , but this is very unlikely.
ICN now have a long term action plan that also involves other highly prospective CBM permits, and conventional oil and gas plays, so as each day goes by the downside risk to the sp gets reduced.
Ahhh to hell with it,.....I might upgrade from Fosters to Moet tonight, or would that put the mockers on it?
$1xXmas.
Occam
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