probably been covered in previous posts but here's what UBS had to say in a research note out yesterday about Santos's CSG ground in the GB of NSW.
"Is the Gunnedah Basin the next major play in coal seam gas in Australia? Santos claims this is the most exciting CSG acreage outside of QLD, and it sees more than 50 TCF potential. Santos Gunnedah acreage covers a 50 sq km area. Arcadia-Fairview is only 12 sq km. Santos has 2 rigs working the Basin. Early indication of good quality coal seams. No flow rates yet, but Santos thinks it is possibly as good or better than the San Juan basin in the US. Several core holes to drill over 2010."
ESG Price at posting:
76.0¢ Sentiment: LT Buy Disclosure: Held
