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GALILEE DRILLING COMMENCES | |
Eastern Corporation Limited (Eastern) is pleased to announce that further exploration drilling has commenced at the companys coal seam methane prospect near Longreach in Central Queensland. Galilee Energy Limited (Galilee)
holds ATPs 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
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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. |