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.
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Thanks for that Carmelo. The Trader Central notes that BOW?s...
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