Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 July 2011drilling progress report● Neutral
The company announced on July 5, 2011 that it has started drilling Albilbah_CSG1 in ATP 862. No results are reported. It is unclear from the filings whether this is the same well announced on June 15 or a second one.
16 June 2011drilling progress report▲ Good
The company announced on June 15, 2011 that it has started drilling the first well of its program in ATP 862, a couple of days after the planned June 13 date. It also signed a non-binding Memorandum of Understanding with Ergon Energy Queensland Pty Ltd, titled a gas sales MOU; because it is non-binding, no sale is committed.
26 May 2011drilling progress report▲ Good
The company announced a spud (drilling start) date of June 13, 2011 for its upcoming drilling program in Queensland. This follows the May 6 land access news.
6 May 2011drilling progress report▲ Good
The company announced on May 6, 2011 that it reached agreements with all necessary land owners for its upcoming appraisal drilling program, covering coal seam and shale gas in ATP 862 and ATP 864. Owners are paid a fixed amount per well, not a royalty. The company expects to finalize drilling contracts and announce a start date within a couple of weeks.
11 Aug 2008drilling progress report● Neutral
The company said it has started seismic data analysis on ATP 865 for its 2008 exploration program, with MBA Petroleum Consultants retained to assess the permit's leads and prospects. MBA is re-processing over 3,400 line kilometres of seismic data, which the company values at over US$25 million in 2008 dollar terms. No drilling or results are reported.
