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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
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
In accordance
with sensible risk management of its exploration portfolio, the Company,
along with Hardie Energy has applied to relinquish its T45P Bass Basin
permit. The Company will now focus on its onshore exploration, which is
located adjacent to current production and infrastructure and is considered
to be low risk.
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