And for those who may be a little unsure exactly what a "pilot production well" is;
"A Pilot Program aims to identify the viability of the CSG reserves in the area. Pilot tests are performed in order to gather additional information such as the permeability of the coals, reservoir pressures, gas composition and rates of both gas and water production. In addition, pilot tests allow Dart Energy to both fully understand the commercial aspect of the resource and develop water handling methods specifically suited to the area."
So we should be getting a farm-out announcement and the really important (as far as commercial viability) gas data for Xian-Xian #1 between now and November.
Fingers crossed there are no delays.
TNP Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held