~~~
It has long been understood that there are vast coal reserves in the Murray Darling Basin, (at least as far out as Mildura).
Thing is, those coal reserves have never been regarded as "viable" for mining.
Now
someone is floating the idea of developing a 2nd generation Methane exploration system, based upon techniques seemingly proven in the USA.
This
is NOT good news for these regions (if anything like the disruption
which has occurred in QLD and northern NSW is any guide).
Be prepared to
read into the fuller report (linked), to find out what it might mean
for you - South Australia, Victoria (Gippsland, Otway as well as Murray
Regions) and southern NSW.
'Second
Generation' methane exploration - based on biologically-generated gas
in relatively shallow, low-rank coals, and prompted by the phenomenal
production from the Powder River Basin of the USA - is barely a year old
in Australia. Within this timeframe, however, such exploration is already
showing encouraging signs for commercial success, and ACM is at the forefront
of this work following recent discoveries in NSW.
Tertiary
coals of southeastern Australia, especially in the populous states of
New South Wales and Victoria, constitute particularly attractive, shallow
gas targets. Hosting enormous coal resources, these areas are only just
beginning to receive attention.
Outside
of the Gippsland Basin, the greatest potential for onshore early Tertiary
coal in Australia probably lies in the Murray Basin of NSW, Victoria and
South Australia. The Murray is a very large basin of about 300,000 km2
(compared with some 74,000 km2 for the Powder River Basin),
comprising Tertiary and Cainozoic sediments. The eastern Murray Basin
of NSW and northern Victoria with its extensive Tertiary coal development
constitutes an important but until recently untested Powder River Basin
analogue. Early work by ACM and an associated company has already defined
a large area of gas-charged early Tertiary sediments in this basin, where
the companies have more than 50,000 km2 of contiguous tenure.
Demonstrating
that biogenic gas is not confined to younger coals, ACM has also discovered
substantial volumes of biogenic methane from shallow Permian coal seam
aquifers in its Gunnedah Basin tenure of northern NSW.
Coincidentally, Somerton Energy has claimed various leases along the Victorian "Otway" coast and offshore regions, and in South Australia.
http://www.somertonenergy.com.
Can hardly say "cheers" can I?
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