Extract from Dec 2009 hy accounts - Director's report on P168:
"A third opportunity to exploit the remaining potential of the Port Campbell Embayment lies within the interbedded sands and shales of the Eumeralla Formation. The Eumeralla Formation hosts the source rocks of this active hydrocarbon system. The extent and thickness of the formation provide the opportunity for the shales to host very large gas resources. This concept is referred to as Shale Gas. Shale Gas has proven to be highly successful in North America and in PEP 168 it has the potential to be at least as big and productive as a viable coal seam methane project"
EPR Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
