sited in the study area were carefully sampled and studied.
Assume that various costs incurred total $10 million (for stripping, engineering, drilling coreholes
, legal costs for regulatory approvals, etc.
Results of the first Edgeroi corehole
, which we reported on last week, are additional confirmation of the significant coalbed methane potential of our PEL 238 license area.
The Edgeroi-1 corehole
was drilled approximately 26 miles north of the existing Bibbliwindi and Dewhurst areas and intersected a total of more than 70 feet of coal, including 33 feet of coal within the primary targeted Bohena coal seam.
In New South Wales, Australia, the 20-well exploration and appraisal corehole
drilling program that Gastar and our joint venture partner on the PEL 238 concession initiated in early 2008 has met with early success.
In New South Wales, Australia, Gastar and our joint venture partner on the PEL 238 concession recently successfully completed the Dewhurst #2, the first test corehole
in a 20-well exploration and appraisal corehole
In New South Wales, Australia, Gastar and its operating joint venture partner, Eastern Star Gas (ESG), have completed the first well of a 20-well exploration and appraisal corehole
drilling program on PEL 238.
drilling data, collected as recently as last month, confirms temperatures in the range needed to support commercial geothermal power production, further indicating Glass Mountain is a prime geothermal resource.
The increase in certified reserves is based on the assessment of initial results from a corehole
program conducted in the second half of 2007.
Our ongoing nine-well pilot program is continuing to perform well, and we are currently drilling a six-well corehole
program designed to increase 2P reserve certification by mid-2008.
Patch stated that as many as six drill rigs were being added to complete its combined 28 corehole
The South Crater also has other pyroclastic kimberlite (OPK) units of limited areal extent including OPK-13, a different kimberlite type identified only in corehole