Past year: ▼ 38%(0.40c – 1.00c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Feb 2006resource reserve update▲ Good
Coal quality analysis confirms the Broughton deposit (Eastern 90%, Mitsui 10%) includes hard and semi-hard coking coal, with a possible thermal by-product. It supports the earlier 30 million tonne resource; Stage 1 feasibility is still being prepared.
24 Jan 2006drilling scheduled▲ GoodMajor
Galilee Energy (60% owned by Eastern Corporation) plans two coal seam methane exploration wells at Rodney Creek and Crossmore from late March 2006, on permits ATP 529P and ATP 799P. Budget is about $1.2m, funded by existing Galilee shareholders including Eastern.
