VPE 0.00% 41.5¢ victoria petroleum nl

csm potential

  1. tui
    5,134 Posts.
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    Just been having a closer look at the Stockanalysis Report on VPE which was instigated by a Director of VPE at his own cost.

    Included in the report by Peter Strachan of StockAnalysis was the following
    "In ATP-575-P VPE has a 30% interest in a project, working with Operator, Queensland Gas to evaluate the CSM potential of Walloon coal measures.An initial 5 well progreamme is planned by Queensland gas for H2 2008, aimed at outling 50 BCF of gas at the Marcus project, but a desk top study by QGC suggests that over 1000BCF of gas in place can be targetted in the permit, subject to gas content and physical conditions of the coal in this region. QGC is now keen to expand its CSM resource potential in order to secure gas supplies for a proposed LNG plant to be built with partner British Gas in Gladstone"

    Well,well...it just gets better and better. Well done JK.

 
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