Thanks for the reply Dfiedler,Guess any explorative company has...

Thanks for the reply Dfiedler,

Guess any explorative company has an up hill battle ahead of them, however agree even more so when funds are low. Limits ones options so to speak.

IMO Annvale would have been the chosen priority if more cash was available. I asked the company a few questions recently and got the following response from RG:

"As for Annvale and PEL 479, we believe the Kangaroo Creek Sandstone gas resource extends into this permit and will consider a pilot here as well,
depending on the results of the Talma pilot. The walloon coals and the
associated certified CSG reserves we have within PEL 479 are still
considered prospective, however the Talma pilot is our near term priority
given our scarce funds."

Nothing we didn't already know really and although he states they believe the KC sandstones extend into PEL 479, I don't really think they would be the target for that PEL. IMO they would like to go deeper at Annvale for a conventional reservoir but funding has prevented it.

Over to Talma in the mean time.............and await approval.

Gaspew ;)