galilee basin potential

Good sites to read...

http://www.rlms.com.au/Presentations/EABSIII_2008.pdf

http://gastoday.com.au/news/galilee_basin_full_of_csg_opportunity/007966/

http://www.ucg-gtl.com/files/Coal%20Seam%20Gas%20booms%20in%20eastern%20Australia%20ASEG%20Preview%20June%202009.pdf

http://gastoday.com.au/news/a_new_phase_of_gas_plays/008407/

Galilee Basin
Signifi cant tenement holders in the Galilee Basin include
Arrow Energy Limited, Blue Energy Limited, Comet Ridge
Limited, Galilee Energy Limited and Origin Energy Limited. The
Galilee Basin was subject to a major exploration programme in the
early 1990s by Enron Corporation. The inconclusive results of the
Enron programme have been applied to subsequent exploration
programmes. The Galilee Basin is only lightly explored, and
unlike the Bowen and Surat basins, its distance from potential gas
markets and gas pipeline infrastructure may leave any identifi ed
gas resource as a stranded resource unless it is of signifi cant size.
The major recent activity in the Galilee Basin has been
undertaken by Galilee Energy Limited on the Rodney Creek
and Crossmore structures, some 75 km northwest of Barcaldine.
Preliminary analysis of the results of the recently drilled core
hole at Rodney Creek indicates the potential for economically
recoverable CSG.


http://www.energy-pedia.com/article.aspx?articleid=138295


Tendency to go to high 30s over the past week - this is itching to go to 40s again once results come back for SKIFF.

Good buy at current prices - unbelievably cheap at 0.36