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The
Company believes that the demand for oil and gas will continue to increase
despite the recent financial downturn. Any discovery made in its Surat, Otway or Taranaki Basin
permits should add significantly to its value. Click
Item to read more …
1. Drilling of up to five Coal Seam Gas (CSG) wells in
the Surat Basin
2. Acquisition of 3-D seismic with TRUenergy
3. New Simpson Seismic / Drilling Program
A new seismic and
drilling program is planned for CSG targets in the northwestern portion of
EP97 in the Simpson Desert. Negotiations
with a third party who will fund a 100km 2-D survey and two CSG wells are
currently in progress.
4. Exploration in the Taranaki Basin
5. Udacha Gas Field in the Cooper Basin
6. Uranium project in Central Montana
7. Farming out of Otway Basin
8. Focus on Onshore Exploration
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