"PES established 2004 by experienced industry professionals in Coal Seam Gas(CSG).
ASX listing (shares-PES,options-PESO) - 12/9/2006 after a successful raising of $5,000,000 - oversubscribed.
Corporate goal to become a leading coal seam gas producer in Queensland and the primary coal seam gas producer in Tasmania. The Company has an experienced corporate and technical Board and management team. The Directors are Dr Robert Day (Non-Executive Chairman), Steve Beardsall (Managing Director), Terry Primeau (Non-Executive Director), and Mr Shaun Scott (Non-Executive Director).
The Company has also contractually secured Focal Petroleum Engineering’s technical expertise in Coal Seam Gas development and reserves certification.
Overview of the Assets
The Company has the following Coal Seam Gas (CSG) interests in two main areas:
* Queensland’s Bowen Basin
o A 93% interest in the CSG rights in tenements ATP758P, ATP759P, ATP 806P (granted 17 Novemer 2006) and 100% interest in both the CSG and Conventional Rights in tenement ATP831P (granted 6 November 2006), a total area covering approximately 15,990 km2.
o A 93% interest in the CSG Rights in tenement applications ATP756P(A), area covering approximately 2,186 km2.
A 93% interest in the CSG Rights in tenement SEL 32/2003, covering 11,295 km2
The Company believes that these two project areas constitute a balanced portfolio of exploration, appraisal, and quickly developable assets.
On the 12 October 2006 Arrow announced its election to farmin into the CSG rightsof tenement ATP 759P. Under the Farmin Agreement, Arrow has an option to earn up to 50% interest in the CSG rights in the tenement.
On the 7 December 2006 Arrow announced its election to farmin to the CSG rights of tenement ATP 831P "
On the 6 November, the Queensland Government advised the Company it is the preferred bidder for permit ATP852 P. The permit block covers an area of approximately 1050 km2 of highly prospective acreage, and has been acquired primarily as a coal seam gas (CSG) exploration permit.
[COLOR=DarkGreen] The permit further expands Pure’s already extensive CSG acreage, and moves it into the Walloon CSG Play Fairway
which is proven to be productive and prolific in nearby fields and close to existing infrastructure and markets. Pure will hold 100% interest in both the CSG and conventional rights in this permit.