initial results from the first of two drills should be forthcoming:
From recent ASX release 16/1/2009:
The Canaway structure is large, approximately 80 km long, and extends over two permits, ATP 794P (Bow 65% interest) and ATP 560P (Bow 100% interest in the shallow CSG rights).
Two exploration core holes will be drilled in the Canaway program, Pebble Hill‐1 well now spudded on ATP 560P and Hobson‐1 well to be spudded later this month on ATP 794P. The aim of these wells is to determine if the area has the potential to be a new coal seam gas
province.
Deeper conventional petroleum wells drilled previously on this large structure had intersected shallow coals at ideal CSG depths of 250 to 500 metres with the wells showing
gas associated with the coals.
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