In the Jan quarterly BUL refer to seismic on ATP 814P which shows the Fort Cooper Measures , Moranbah etc. They have previouisly drilled a well here and it hit alot of coal , but they noted some issue with nitrogen beleived to be related to a volcanic intrusion (if memory is working properly?) and said AOE encountered the same thing nearby while extending Moranbah footprint and its likely to be localised.
From the report (snippet from other site);
The BE08 Moranbah Seismic Survey was conducted in ATP814P western area and acquired 22km of 2D seismic. The object of this survey was to determine the depth and distribution of the Rangal Coal Measures, Fort Cooper Coal Measures and Moranbah Coal Measures in the western area that lies adjacent to the CH4 (Arrow) Moranbah gas project. The results of the seismic survey were a vast improvement on surveys previously recorded from this area with the Rangal Coal Measures, Fort Cooper Coal Measures and Moranbah Coal Measures are discernable from the resulting sections. The survey covers most of the western block and indicates accurately the position of large structural features within the block.
BUL Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
