wal tenement locality to bhp, page-2

GB

Just to clarify a few points in your interpretation of the tenement situation in your post. Map 1 shows only the exploration permits. These are excluded from mining leases ie mining leases have pre-existing rights to mine coal.
The red lines show the approximate limits of economic opencut resources for the Moranbah Coal Measures. On the second map you can see that these lines (green) fall totally within BHP's mining leases shown orange and brown (excluding the separated eastern mining lease area which is held by another party).
The Moranbah Coal Measures dip (slope away in layman's terms) to the east sub-cropping (rising close to the surface) in the west within BHP's mining leases. The chance of economic coal being discovered to the west of Saraji mine is extremely unlikely. If this was the case BHP (previously Utah) would have discovered and applied for this area 30 - 40 years ago. Exploration drilling planned by WAL in the first quarter of 2011 will no doubt prove that there is no economic coal in this exploration permit.