Thanks for that Carmelo. The Trader Central notes that BOW?s licenses have potential for a total of 13TCF. BOW owns 100% of its Coal seam gas permits in the Bowen basin which is well located to supply gas to a number of LNG projects planned in Gladstone: -QCLNG (British Gas) -GLNG (Santos, Petronas, Kogs, Total) -APLNG (Origin, ConcoPhillips) -Shell & PetroChina
Bow?s 2011 Drilling program includes: ? 10 core holes ? 15 fracced production wells ? 9 lateral production wells ? 15 DFIT holes (permeability testing) ? Over 300 kilometres of new seismic acquisitions
IMO, Bow has too much to lose to sell its gas cheaply to the first buyer.
BOW Price at posting:
$1.06 Sentiment: LT Buy Disclosure: Held