Wesfarmers' share of coal production in bengala for quarter was 764,000 tonnes, 15.3 per cent below previous quarter
And from Beach,
Farm-in to PEL 630 Beach entered a binding farm-in agreement with Bridgeport to acquire a 50% operated interest in PEL 630, subject to fulfilment of certain farm-in commitments. PEL 630 covers approximately 390 km2 in the Western Flank of the Cooper Basin. The permit comprises a western block within the Namur Sandstone and Birkhead Formation oil play fairways (“PEL 630 West”), and an eastern block within the frontier Permian Edge gas play fairway (“PEL 630 East”). In accordance with the farm-in agreement, Beach will drill two oil exploration wells in PEL 630 West during Q4 FY17. Beach also intends to complete evaluation of liquids-rich gas prospects to develop a work program for PEL 630 East.
NHC Price at posting:
$1.72 Sentiment: Buy Disclosure: Held
