Sunshine completes appraisal 15:13, Wednesday, 18 June 2008
Sydney - Wednesday - June 18: (RWE Australian Business News) - Sunshine Gas Limited (ASX:SHG) advises that the 7-well appraisal program at its Atria Coal Seam Gas (CSG) project north of Blackwater in Queensland’s Bowen Basin has been completed. Managing Director Mr Tony Gilby said the Atria appraisal program had confirmed the presence of thick, highly gassy coals (up to 25m3/t) throughout the Permian Fair Hill Formation over an area of approximately ~350km2 within ATP 684P. "These results confirm that this permit has considerable CSG in place. They are particularly encouraging as we push to increase Sunshine’s strong reserve position and secure feed stock for expansion of our proposed SUN LNG project at Gladstone in partnership with Sojitz Corporation," Mr Gilby said. "We will now work rapidly towards identifying the optimal production well completion technique to maximise gas recovery from the
SHG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)