Around 65 per cent of the Pedirka Basin,
80 per cent of the known Amadeus Basin,
100 per cent of the known Lander Trough
and about 30 per cent of the known
Southern Georgina Basin.
?
In the Pedirka Basin we have mining permits for coal that are sitting
top of petroleum exploration permits at deeper levels below the coal,?
?One of our main objectives here with a joint venture partnership would be
to have a group come in and explore our coal in the Pedirka Basin to the extent
that a Bankable Feasibility Study (BFS) can be done.?
In the case of a partner to fund the exploration BFS, Heugh says, this said
partner might win slightly more than 50 per cent interest in the coal assets,
making Central Petroleum a major albeit slightly subordinate partner of that
aspect of the acreage.
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