>> About pure energy Pure Energy Resources Ltd was established in 2004 by a group of experienced industry professionals in the Coal Seam Gas(CSG) industry to identify CSG exploration,development and production opportunities.
The Company was incorporated on the 29 July 2005.
Pure was listed on the Australian Stock Exchange (shares-PES,
options-PESO) on the 12 September 2006 after a successful raising of $5,000,000 which closed oversubscribed.
Pure Energy’s ultimate corporate goal is 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 Secretary is Geoff Hewett.The Company has also contractually secured Focal Petroleum Engineering’s technical expertise in Coal Seam Gas development and reserves certification.
Additionally, Pure Energy has established a strategic relationship with one of Australia’s leading Coal Seam Gas corporations, Arrow Energy NL. Arrow Energy has recently merged with fellow Queensland based company CH4 Gas Limited to become Australia’s largest independent corporation in that sector. Arrow Energy is currently one of the Company’s largest shareholders and is farming into two of Pure Energy’s Queensland projects.
Coal Seam Gas
Coal Seam Gas is a rapidly emerging major new source of energy for eastern Australia and which is highly competitive with gas from other sources and has the potential to supply a significant proportion of eastern Australia’s energy requirements.
The Company’s exploration portfolio comprises two large areas of advanced coal seam gas exploration; one in Queensland’s Bowen Basin and the other in Eastern Tasmania. The Company has spent significant effort over the past two years compiling and interpreting existing exploration data and have identified several prime drilling prospects in Queensland and Tasmania. In Tasmania in particular, the Company has built a database from the hundreds of historical coal-mining boreholes and has mapped and identified the key coal seam gas prospect areas.
Both project areas are located in proximity to existing infrastructure and growing energy markets. In Queensland, Pure Energy’s project areas are close to the existing Moranbah and Gladstone Pipelines. In Tasmania, Pure Energy has a unique opportunity to become the first domestic gas producer in an energy market that currently imports gas and, in dry years, electricity.
Pure Energy is in a good position to leverage past coal-mining exploration and is targeting fast-track reserves certification in both Tasmania and Queensland.
Pure Energy is well positioned to move to the forefront of the coal seam gas industry, an industry that is currently experiencing tremendous growth. Coal seam gas is gaining wide acceptance and credibility as an environmentally preferred “cleaner” fuel with Government policies increasingly encouraging gas-fired power generation. The foundations are in place for Pure Energy to grow rapidly and substantially.
