Is the trillion tons of coal that CTP claims to have considered proven at this stage or still potential? We have drilled twice and have used data from these to estimate the extent of the coal. I know that we have combined this data with data gained in earlier years by other companies drilling in the same area and with seismic, etc.
So is this amount of information and drilling enough to prove the coal or is it still potential at this stage?
I only ask because i assume that the coming announcement will tell us something about the amount of gas we can extract from the coal we claim to have. However, if considered unproven, this will have little impact, although it is fun to speculate and count the zeros.
CTP Price at posting:
11.4¢ Sentiment: Hold Disclosure: Held
