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AUSTRALIA

Ambassador gassed about Cooper

AMBASSADOR Oil and Gas has pumped up the potential of PEL 570 in the Cooper Basin, declaring the development of a major new Australian energy source is one step closer on the back of an upgraded gas-in-place estimate of more than 20 trillion cubic feet.

Andy Graham

Two weeks ago, Ambassador announced it had doubled the coal seam gas potential of PEL 570, to 13Tcf, after a "detailed study". Yesterday, it added another estimate, 8Tcf in tight rocks and deep basin...

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