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Market:ASX
Sector:Oil and Gas Exploration and Production
EPIC:PGS
Latest Price: 0.03  (12.00% Ascending)
52-week High:0.06
52-week Low:0.02
Market Cap:15.05M
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Planet Gas

Planet Gas (ASX: PGS) is an energy company with interests in conventional oil and gas resources, coal bed methane and geothermal energy.

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Planet Gas new exploration to provide coal bed methane resource estimation

Tuesday, April 12, 2011
Planet Gas new exploration to provide coal bed methane resource estimation

Planet Gas (ASX: PGS) has kicked off some more coal bed methane focused exploration in the Gunnedah Basin, located in New South Wales.

The area is highly prospective for coal bed methane, conventional gas and shale gas.

The object of the exploration will be for the additional data to derive a coal bed methane resource estimate.

The Maules Creek coals are being targeted at PEL 470 Mooki, which is adjacent to an existing coal bed methane gas development project at Narrabri.

The company has an interest in three coal bed methane projects, and besides Mooki, has two licenses in the Sydney Basin.

Combined these three projects cover an extensive 5579 square kilometre footprint.

 

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