EL 28772 Andado Relinquishment report 4 November 2011 to 10 February 2014

Abstract

Exploration License (EL) 28772 was granted to Queensland Coal Investments Pty Ltd (QCI) on the 4th November 2011 for a period of 6 years. The first relinquishment of 205 sub-blocks (50 percent of total) is due after the second year of tenure however QCI have elected to do a full relinquishment of all sub-blocks at this time. This decision is based on a desktop review completed in the first tenure year indicating the tenement to have limited potential for economic coal. An attempt was made to enter into a data share arrangement with Santos Ltd (Santos) for seismic data that was to be acquired in 2013. Santos ultimately decided to not give access to the data which contributed to the final decision by QCI to relinquish the entire tenement.