Not sure what everyone is really expecting re timeline and delivery and yes the hydrogen stuff is all good but still blue sky. The fundamentals of EXR as a CBM Companys are there and yes there are likely to be a number of coal basins in the PSC and some will have better commercial CBM characteristics. Finding a large coal resource is not the issue.
Whats is missing at this moment to move that potental coal resource to CBM reserves is the reservoir data that shows we can produce commecial gas flows from X of these area, is our data reproducible can it be extrapolated etc etc. The flow test will give a good indication of the forward opportunity as will the continuing exporation that provides the basics of coal properties, gas satuation and content. It takes time to build up sufficient data where any third parties will have have an interest. In practise likely 2 to 4 years away.
We then have to find a suitable end market and not just mark X on a plan but one that can be demonstrated as doable considering all the Govt/Regs/funding/access/ownership/eEnviornmental etc et. We/who ever was amind to TO EXR must be able to secure a deal that sells the large volumes of gas, not pilot production, at a profit.
And all the above takes time.
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