re: Ann: Clarence Moreton Gas Discovery Pilot...
Extract from ROG announcemet 21st Nov 2011
Could ROG be taken over and how much if it books 3P reserves of 114 PJ?
Will ROG be a takeover target as with the recent takeover of Eastern Star Gas by Santos and Arrow Energy’s proposed takeover of Bow Energy, there are now only a small number of independent companies in the gas sector with 3P gas reserves in eastern Australia.
Red Sky has established a strong gas reserves position in the Walloon coals in the Clarence Moreton Basin in north east New South Wales. The Company has booked 3P reserves of 114 PJ at its project area, which places it amongst the leading independent Australian gas exploration and development companies, on a 3P basis.
re: Ann: Clarence Moreton Gas Discovery Pilot... Extract from...
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