RE: Halt ComingWell the long weekend will be a nail biter for sure then. I was just going over TCF's webpage and noticed this tidbit:
| Basin | Province | Target
Form-
ation | Completeable
Coal
Thickness | Coal
Rank | Avg
Depth | High
Graded
Area | CBM
Complet-
Able | Resources
Concen-
Tration |
| | | | | (m) | (R0%) | (m) | (km2) | (Tcf) | (Bcf/mi2) |
| 1 | S. Sumatra | Sumatra | M.Enim | 37 | 0.47 | 762 | 7,350 | 183.0 | 24.9 |
So 25 Bcf/mi2 - pretty encouraging, especially when you read through the most recent NR about the recent land acquiistions tripling TCF's land size as well as the Aug 17th NR regarding the 141scf/ton which states:
That is about triple the average coal seam gas content in the Powder River Basin in Wyoming, USA, which the US Geological Survey and other experts consider to be the closest commercial CBM analog for South Sumatra. The Powder River Basin is the world's second most productive CBM basin, currently producing 1.5 billion cubic feet per day (Bcfd) from thick, low-rank coal seams similar to those in South Sumatra. Note that wellhead gas prices currently are 50% higher in South Sumatra than in the Powder River Basin.
While we're still relatively early stage, stock prices often reflect the potential of future success in a company. I'm looking forward to seeing RE and the markets subsequent interpretation of it.