Gday Ninie45,I am not in COI, but obviously my ears have pricked...

Gday Ninie45,

I am not in COI, but obviously my ears have pricked up with Tony Gilby joining the team.

Its a pretty big call likening them to PES given their Surat and Bown potential. I did not see the same potential in COI...

Would you be able to explain why you think they would be a PES based on the location and prospectivity of their permits from QLD? I had a look at their tenements and noticed they had a large Galilee basin tenment and that was about it? That particular tenment is a long way off commercialisation. Blue Energy and Eastern Corp are the only ones who have drilled there and have got mixed, but encouraging results. Eastern currently have a five well pilot with 4 wells spudded at Rodney creek targeting the Betts Creek Coals? No results on the gas content or permeability there though. I think Blue mentioned that their tenements are also intersecting the Betts Creek formation as well as the Aramac coals. They also said that the Aramac coals thicken towards the west, in the opposite direction to the COI permit.

Have I missed something on the prospectivity of their other permits, as their Galilee permit was their best shot I thought?

Cheers mate,

SF