Well done Diamond, here it is for others;
1.2 Coal
- A draft Co-operative Exploration Agreement between SAPEX Ltd. GulfX Ltd and Torrens Energy Ltd was made to share the cost of gas content testing (by GeoGas) on coal cores recovered by GulfX from the St Vincent Basin Coalfields. The first phase of the drilling programme in the Clinton area commenced in June 2008. SAPEX proposed the cost sharing on a 50:50, SAPEX : GulfX, basis for three boreholes (one each at Clinton, Beaufort and Whitwarta).
Great stuff. Nothing like cutting costs and sharing information for the benefit of all. This also poses the question of how much Sapex/Linc + GulfX partnering may take place. I hope not too much to take the growth away from my holdings. I still want to ride the wave to $1 at least and not get cut short by a take over offer like Sapex shareholders have. Then again a multiple offer above or close to the highs of the GLX share price still is a bird in the hand isn't it.
Definately an interesting space in sector and geography guys.
GLX
gulfx ltd
