Appraisal & Development Status

A three well appraisal pilot drilled in April 2021 encountered an average of 25m of net coal, compared to 32.9m average intersected by previous exploration wells. Two additional step-out wells were drilled in early CY2022 and confirmed thicker coals (average 29m) at circa 2km from the pilot. An extended production test of the two new wells is currently underway to gather data for development planning.

Gas production from the Range Gas Project is reserved for domestic use.