It’s been a while coming, however, it looks like the Company is starting to get its mojo back.
There are a number of WA based Directors, so the knowledge of this area is likely to be within their wheelhouse.
As to diversification, I see this as a positive not a negative. 12 months ago, there rightfully would have been a degree of skepticism around a move like this. It’s a sign of their confidence that they would even consider any play that may require additional capital.
Been good to receive a couple of announcements pre-Easter. Progress continues and is on plan which is very re-assuring.
Enjoyed the staircase COS discussion this week and consider the next stage is the big step up because of the first time in the Cooper Coals for a horizontal. If this next horizontal stage is a success IMO we will have moved appreciably up the staircase. Strike has fracced the coals before in the target seam and gas has been produced, so these events (while different in degree and intensity) have already been attempted and there is a base level of knowledge/data/prior experience to work from.
Happy Easter
Adaltiora
It’s been a while coming, however, it looks like the Company is...
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