this info is from a report in sep 2010 and can be found on their...

this info is from a report in sep 2010 and can be found on their websit - exoma.net. This clearly highlights the potential and especially the thickness of shale mentioned.

Currently there are no solely Shale Gas field developments in Australia but the improvements in horizontal drilling and hydraulic fracturing techniques has opened up the potential for the Toolebuc and other Australian shale deposits to become significant sources of
gas.
Work undertaken by Exoma indicates a potential for significant volumes of Shale Gas being found across its five ATPs in the Galilee
Basin. The Company has conservatively estimated in excess of 20 TCF of Coal Seam Gas In Place across these ATPs. However, if the Toolebuc prove to have similar gas content characteristics to the US Antrim Shale, then there will be in excess of 100 TCF GIP within Exoma?s acreage.
The Toolebuc formation is a gassy, organic rich shale renowned for decades as being gas bearing with gas being recorded in the drilling
mud of conventional petroleum exploration, CSG wells and in water wells. These shales are uniformly distributed across all five of Exoma?s ATPs and range in THICKNESS FROM 20 to 45 METRES at depths typically less than 700 metres. :)
The Company said gas from the Toolebuc Shale will, due to the presence of ethane, propane and butane, be richer than CSG in terms of heating value, and, in addition to being produced in its own right, has the potential to be blended with lower Btu CSG to produce a rich LNG product, which is favoured by Asian LNG buyers.