COI 2.17% 9.0¢ comet ridge limited

galilee basin potential

  1. 321 Posts.
    Good sites to read...

    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.

    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

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