Surprised we haven't had an update on the first thing I've posted here from their quaterly. Noticed someone is still continuing to buy these at around 19 cents.
Rocklands EPC 890 (60%) The Rocklands project is 40 kilometres south of the town of Blackwater and 200 kilometres west of Rockhampton. The project is owned by HLM Coal Australia Pty Ltd, in which Rocklands Richfield Limited holds a 60% equity share.
"In the last quarterly activities report we stated that an exploration drilling programme would commence before 30 June 2010. Unfortunately, this work has been delayed pending agreement with two landowners on land access and compensation. Discussions and negotiations are continuing and we remain optimistic of formalising agreements with the landowners by early August."
Richfield EPC 930 (60%) The Richfield project is 25 kilometres northeast of the town of Middlemount and 200 kilometres southwest of Mackay. Richfield is held by a joint venture of 60% Rocklands Richfield Limited and 40% Bowen Coal Pty Ltd (a wholly owned subsidiary of Bowen Energy Limited).
"As reported last quarter, priority drilling targets in the north and north-east of the tenement have been identified to test for possible coal seam development within sediments of the German Creek Formation. Depending on the success of this program, further work has been scheduled to follow up on any interesting intersections or other areas of potential within the tenement. RCI intends to complete drilling the targets in the north and north-east of the tenement before the end of this year."
Surprised we haven't had an update on the first thing I've...
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