The company has identified a number of coals and expects production of coal-bed methane (CBM) through standard completion techniques and stimulation.
The company has said that it expects to commence the second phase of drilling 10 new target wells in July, with an estimated completion date of these new drills by August 31, 2008. The company has also said that its objective remains focused on drilling approximately 100 well targets in the Cherokee Basin in the near term.
