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The company announced the holes intersected several coal seams in a 4km by 12km area, which are continuation to the seams located in the southern half of the tenement.
“It is great to be focusing some attention on the previously unexplored northern portion of the tenement,” East Energy managing director Mark Basso said.
“The drilling in the southern part has been quite successful to date with the discovery of a 1.2 billion tonne JORC inferred thermal coal resource. We are hoping that the northern half of the tenement is equally as fruitful.”
The total area earmarked for the latest round of RAB drilling is 25km east to west and 15km north to south, with 12 RAB holes testing depths of 100m and another 20 RAB holes planned on the back of the early results.
“We have found that all of the initially planned RAB holes, located at approximately 4 kilometre centres, intersected significant coal,” East Energy exploration manager Peter Tighe said.
“On this basis we have nearly doubled the number of holes we will drill.”
Drilling was delayed by wet weather in January and February.
The Cooper-Eromanga Basin is a well established hunting ground and production area for the petroleum industry.
Shares in the company closed up 6.7% to 9.5c yesterday.
