secondThis is also good news:The well was cored over the primary...

second

This is also good news:

The well was cored over the primary Triassic Moolayember formation target intersecting approximately 6m of GASSY net coal. Coal samples have been dispatched for laboratory analysis and finalisation of desorption testing.

Gassy coals ... they haven't said that previously when reporting the Moolayember coal intersections.

And also:

The well is located approximately 18km to the north-northwest of the previous Gwydir-1 corehole which was drilled to the east of the fault-bounded edge of the southern Taroom Trough. It confirmed the presence of the Moolayember target with IMPROVED COAL DEVELOPMENT interpreted in the middle of the Trough.

This is turning out to be a significant drilling assessment of the Moolayember which they would not do unless it had good potential!

As someone else posted ... these reults may make OIP attractive to the likes of AOE's offshoot Dart Energy.

H