Fourth well being drilled being Gerard 1 by PES itself and apparently two other Arrow drills. Gerard 1 will be a key as if this comes up trumps then it is suggested that they have a probable 700 sq klm CSG reserve as I understand it. PES has one of the largest if not the largest acreage in Qld and definitely the largest in Tassie. Dingonose and Duckworth in the pipeline having already been drilled with Holli 1 which is part of the 700 sq klm play to be revisited. All in all alot happening with this company. Bugger all shares/options on issue as well. This and BOW are probably my two favourite CSG plays at present.
PES
pepper residential securities trust no. 21