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Eastern Corporation Ltd

Publié le 11 juillet 2007

Drilling Commences at Galilee

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GALILEE DRILLING COMMENCES

Eastern Corporation Limited (“Eastern”) is pleased to announce that further exploration drilling has commenced at the company’s coal seam methane prospect near Longreach in Central Queensland. Galilee Energy Limited (“Galilee”) holds ATP’s 529P and 799P in the Galilee Basin. Eastern holds approximately 61% of Galilee.

An exploration hole was spudded on Saturday, July 6 at Rodney Creek, in the southern part of ATP 529P. The exploration programme was devised in 2006 but was suspended due to delays in securing a rig capable of drilling and coring to the depth required (approximately 1200 metres). The primary objective of the programme is to establish the gas content, adsorption isotherms and in-situ permeabilities of the vast coal seams in the area. These results will be analysed in conjunction with reinterpretations of data gathered in earlier exploration conducted in the same region.

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This email was sent by Sam Aarons, Eastern Corporation Limited, Level 5, 545 Queen Street, Brisbane QLD 4000, Australia, www.easterncorp.com.au to .com

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Eastern Corporation Ltd

CODE : ECU.AX
ISIN : AU000000ECU9
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Eastern Corp est une société basée en Australie.

Eastern Corp est cotée en Australie. Sa capitalisation boursière aujourd'hui est 25,7 millions AU$ (26,1 millions US$, 21,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 24 juin 2005 à 1,05 AU$, et son plus bas niveau récent le 14 décembre 2007 à 0,03 AU$.

Eastern Corp possède 102 752 659 actions en circulation.

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Rapports annuels de Eastern Corporation Ltd
2008 Annual Report
2008 Annual Report
Communiqués de Presse de Eastern Corporation Ltd
20/11/2008subscribes to Galilee Rights Issue
01/10/2008Galilee Energy Rights Issue
26/09/2008Galilee Energy Update - Drilling to commence at Rodney Creek
07/03/2008Profit Guidance for the period ending 31 December 2007
19/09/2007Full steam ahead for Nightcap’s Takitimu mine
24/07/2007Galilee Drilling Progress Report
12/07/2007Drilling to commence on PEL 433, 50-100PJ gas reserves to be...
11/07/2007Drilling Commences at Galilee
07/05/2007Expansion of Wilga Park Power Station & Gas Infrastructure P...
02/04/2007Board Changes
26/03/2007Whareatea Update
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