Central Petroleum has "30,000 square kilometers of coal seams up to 60 metres thick", !!! (Before they even start drilling for oil).
See 10 minutes into this presentation: webcast.net/au/
(This is a must see if interested in this company, no reading required!)
They are looking at coal bed methane plants to make use of this massive area. Current market cap is approximately 50M.
A 5-6 Well 2008 drilling program is commencing in the next few weeks.
Central Petroleum update
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