Stitch lease is right in the middle of QGC and AOE coal bed...

Stitch lease is right in the middle of QGC and AOE coal bed methane country. Look at the maps on QGC and AOE websites as well as those contained within Icon annual reports if you are interested. Icon hold the rights to these shallow resources too (see 2003 announcements on website). Icon actually sold QGC its share of what is now QGC's most productive tenement (ahh...the benefit of hindsight). I am speculating Santos might be thinking about acquire all of AOE, QGC and ICN and have control of these coal seams right next to existing infrastructure...its an interesting thought if the possible 20-30 million barrels at stitch is not enough to get you excited. Who knows, maybe Icon might want a shallow rig to get into CBM on its own tenements.