WestSide Corporation Limited (ASX:WCL) is drilling three new appraisal wells at its Paranui CSG pilot in ATP 769P near Moura in Queensland's Bowen Basin. The Paranui #13 well is the last of the three appraisal wells which will aim to test gas and water flow rates from the Baralaba coal seams.
WestSide Corporation Limited (ASX:WCL) is drilling three new appraisal wells at its Paranui CSG pilot in ATP 769P near Moura in Queensland's Bowen Basin. The Paranui #13 well is the last of the three appraisal wells which will aim to test gas and water flow rates from the Baralaba coal seams.
Australian shares rallied on Thursday after a strong lead from overseas market, and the gains were fuelled by the better-than-expected employment data in Australia. Total employment was up by 45,900 in June, compared to expectations of an increase of 15,000. Australia's unemployment rate in June was a seasonally adjusted 5.1 per cent, beating the economists' prediction of 5.2 per cent.
Australian market fell on Wednesday led by financial and energy stocks with low trading volume during the session. The gains in US and Europe markets in previous session fail to inspired investors as they feared more disappointing US economic data could come out.
Oil Basins Limited (ASX:OBL) recently commissioned an independent assessment of the coal seam gas (CSG) and unconventional shale gas (USG) potential of both Exploration Permit 5/07-8 EP and the Backreef Area - Canning Basin, where the Company has interests.
Blue Energy Limited (ASX:BUL) has agreed to a request from Korea Gas Corporation (KOGAS)(SEO:036460) to extend the expiry date on the farmin option by 8 months to 28 February 2011.
