In terms of the oil play, it is better than 1 in 10, refer to the company's website for a BRW article last year (link below). They give themselves 1 in 4 before the first hole, then they found oil traces on that one and this new planned site is the educated guess on where it is coming from. Seems to me we shorted the odds considerably. 1 in 3?
In terms of CSG, it seems pretty much the lease has a layer of coal in the somewhere, the issue is the thickness. The bigger the better and 10+ metres would be nice.
