METGASCO AND CS ENERGY ANNOUNCE FARM-IN & GAS SALE DEAL
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CS Energy to farm-in to PEL 16 with an appraisal commitment of $11 million.
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Goal to establish 540 Petajoules in 2P gas reserves within 15 months. This is in addition to Metgasco’s current commitment to establish 2P reserves of 100 Petajoules over the next 4 months.
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Heads of agreement on gas sale of 18 Petajoules per year to the Swanbank power station in Queensland.
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Total value of gas sale agreement over $1 billion.
up 50 percent, page-2
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