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Re: roger wilco post# 23898

Friday, 03/09/2012 5:54:53 PM

Friday, March 09, 2012 5:54:53 PM

Post# of 42999
Alpha to look for coal in Tasmania
20th Feb 2012

http://www.highgrade.net/article/2012-02-15/Alpha_to_look_for_coal_in_Tasmania



LONDON, Feb 20 – UK firm Alpha Prospects has established a new Australian subsidiary to explore a 500sq.km area prospective for coal and coal bed methane at Mt Lloyd in southern Tasmania.

US-based Empire Energy Corporation International will spend US$2M on drilling and a seismic survey to prove up resources and reserves to Joint Ore Reserves Committee standards. Alpha will issue Empire with 49M shares equivalent to 26.6% of the company.

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