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.
Check STX presentation from yesterday.Permit grant imminent for...
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