Just received an email reply from OIP. The ESG report of reaching "total depth of 387m" was in error .. they are "coring ahead" in the upper Coreena coal seam and total depth is expected at 500m. They will make an ASX release when thet reach TD which is expected to be 7-10 days. Obviously they are doing all the analysis on the way down .. gas content, composition, storage capacity, maturity and permeability.
Sounds like it is going well.
H
OIP Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
