coal, page-28

From what I can determine they have a number of coal EL's over the basin - not just the one at Liveringa.

They have two gas/oil "PEL's" that coincide with the Liveringa EL (coal) leases, and it is those that ARQ was interested into farming into.

I imagine that many of Reys Coal EL's coincide with ARQ's PEL's, but as they are targetting different minerals (oil&gas versus coal) this is not an issue, as mineral EL's can overly Petroleum EL's?

I dont know what ARQ is all het up about, as the two PEL's at Liveringa are tiny anyway.

But it seems that the primary push from Rey is for Thermal coal for export, so the CSG is a moot point?

Is this the way you see it?