coal, clive , ucg and gtl, page-11

Jonnee,

"its a falacy that our coal is so plentiful and accessible. To say we have trillions or even billions of tonnes of coal is just a myth posted around this forum "

..... a fallacy is usually an error in reasoning often due to a misconception or a presumption.

CTP drilled the holes, so is substantiated to a large degree.

have a look at this that I just located from my files;

http://www.centralpetroleum.com.au/files/downloads/powerpoint_presention_ctp_exploration_update.pdf

There is other info elsewhere indicating bigger coal figures, but this is a lot anyway.


Also, info from JH, ~ 12 months ago;

• " Drilled 5 conventional wells, four with oil shows with one (Surprise-1) a probable discovery, the 5th, Ooraminna-2 is a gas discovery of 2 TCFG in place, awaiting further stepouts and unconventional drilling development

• Drilled 9 coal wells and delineated probably the world’s biggest coal tonnage at 100% ownership in contiguous permits in the one basin (JORC Exploration Target-300-500 billion tonnes sfce. down to 1,000m*)

• Completed over 3,000 km of quality seismic and added numerous prospects and leads
• Demonstrated independently certified P50 prospective recoverable resources of over 6 billion bbls oil and 42 TCFG in unconventional resources
• Was the first company in Australia to publically promote unconventional potential (2007 Heugh and Ambrose)
• Has accumulated rights over the biggest acreage mix of permits and applications in prospective ground in Australia and possibly the world with the qualification of being a focussed single region package in a first world country
• Has developed more exploration concepts in central Australia than any company in history and continues to develope more
• Has put together one of the most credible exploration teams of any junior in Australia with both conventional and unconventional experience.
• Has survived and prospered through one of the most difficult periods of recent economic history, ie GFC 2008 and last 6 months.
• Has an active liquids focussed drilling programme about to commence with a possible oil discovery to develop

* Coal tonnages viable “Exploration Target”-AusIMM – the potential quantity and grade of the coal is conceptual in nature, there has been insufficient exploration to define a
Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource "

RAVI