Just for something different, it would seem that BPT/STO/ORG are undertaking a well 50km north of Moomba to test the deep coals. Very similar to what STO/DLS/SEA are currently drilling in PEL 570 (DLS has a free carry).
The potential amounts of Gas are in the TCF, but for now, I discount its importance, however, very happy if that is proven a wrong call. As just PEL 101 has multiple TCF of possible gas. PEL 570 has multiples of that (hopefully).
BPT drilling report
Whatever occurs corporate wise, I would much prefer DLS to stay independent, as they are the company with growth assets... just IMHO.
Strange trading volumes, page-42
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