EMP 5.71% 3.7¢ emperor energy limited

new coal seam methane potential

  1. 756 Posts.

    Wow! A new announcement today says OBL has a CSM play as there are a number of established coal layers under its block 5/07-8 EP in the Canning. They have appointed Westby, a noted independent WA coal expert to verify not merely the existence of the coal - which appears known - but CSM potential itself.

    With all the recently announced nearby infrastructure proposals needing energy this could see the renaissance of the Canning, besides being worth a motza on the way thru. Appears to open up a new ground floor opportunity for a multi-bagger and a general OBL re-rating.
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