"Strike’s Southern Cooper Basin Project is initially targeting the coal seam gas potential within permits PEL 94, PEL 95 and PEL 96. Strike estimates that approximately 75% of the 8.2 to 21.5 Tcf prospective resource in this area is associated with the coal. A significant upgrade to the prospective resource was made in 2012 after high gas content and thick coal was encountered in the Marsden 1 and Davenport 1 wells. The project is ideally positioned to supply the Eastern and Southern Australian gas markets with open-access pipelines passing through the permits."
With the deal BPT managed to do with Chevron over its flagship PEL 218 and ATP 855 now allows it to free up its focus and my guess is theyd be mad not to pounce on their JVs with STX given the resource potential
