• The permit areas cover 26,840 km² in the highly prospective Queensland Galilee Basin;
• The permits have the potential to host combined in place gas resources of 35 Trillion Cubic Feet (TCF) of Coal Seam Gas (CSG), and Shale Gas (SG)*;
The double objective of ‘conventional’ Coal Seam Gas and ‘unconventional’ Shale Gas makes the large contiguous Galilee Gas Project potentially one of the most significant gas exploration projects in Australia.
Exoma Managing Director David Rowbottam said, “The Galilee Gas Project has the potential to be one of the largest on‐shore gas projects in Australia, providing a major new source of clean energy for the Queensland economy and Asian export markets. This is major growth opportunity for Exoma creating significant value for our shareholders and offering new investors outstanding exposure to one of the largest and most exciting gas exploration projects in Australia.”
likely thinking atm is will it break down, will it continue higher, will it consolidate here before another move higher, rather then thinking how "big" the potential is & the potential rerating as news flows, may dip under .20 tomorrow as US looks to sell off tonight, will be another buy oppertunity before more news flows & another attempt higher is made
EXE Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
