Check STX presentation from yesterday.
Permit grant imminent for PEL 96 in Cooper basin.
66.7% interest
CSG prospective resource 8-20 TCF (P90-P10)
Coal thickness 30-80m confirmed from previous drilling
Shallowest Permian coals in the basin target by Santos.
Adjacent to oil and gas pipelines
Coal to liquids
578Mt JORC resouce in SA
A$50M spent by previous owners
Aim for 10kbbl/day project
A$15M in Cash + cash flow from US operations.
Resistance broken at 15c, would expect re-rating towards permit grant as both coal projects appear to have minimal attributable value given current US and AUS conventional oil and gas production and exploration assets.
- Forums
- ASX - Day Trading
- daytrade diaries... tuesday
daytrade diaries... tuesday, page-4
-
- There are more pages in this discussion • 262 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)