EEGC should of had a yes or a no back from Mineral Resources Tasmania regarding their additional item being CSG added in their current Special Exploration Tenement. If so, we should be receiving a PR this evening or very soon regarding commencement of drilling at Bellevue, as drilling would of been delayed because if CSG was discovered on the way down, the current wording on EEGC Tenement was a grey area as it states natural gas and not CSG, so Pure Energy (BG GROUP) would of pounced on EEGC with litigation or other groups causing trouble for EEGC.
Therefore, funding and drilling now, I believe could be a totally different issue with the Geominex deal.
The additional Eastern Tasmanian Tenement applied for now regarding CSG which 1/3 will be transferred to Grand Monarch Holdings I don't think would of been processed yet.Not sure if it will be approved. If not, the Geominex/GMH deal may change and they receive an investment/JV in EEGC instead, but the new application would of had a new 5 or 10 year exploration time frame, so that is why I beleive the current drilling and this new deal are two seperate issues as Geominex will only be involved in CSG with a new Exploration Tenement and an entity that they will be able to list on an exchange with (GMH).
Lets see.
I think the above is the logical reason for all the delays, so every one should stop getting their knickers in a knot.
