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NTH - Northstar Energy

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Northstar Energy Limited is focussed on the exploration and delineation of hydrocarbon resources at its flagship project, Project Cosmos, located in south-west Queensland, 740km west of Brisbane.

Project Cosmos is located in the under-explored region of the Surat, Eromanga and Adavale basins, proximate to conventional and unconventional gas production. Following its listing on the ASX, the Company will focus on undertaking systematic exploration aimed at increasing the confidence and scale of the existing prospective resource at Project Cosmos.

Project Cosmos consists of over 9,000 km2 of tenure which covers a highly prospective but under-explored region of the Surat, Eromanga and Adavale basins, proximate to conventional and unconventional gas production.

The Independent Technical Expert has provided a best estimate prospective resource of approximately 1,150 (bcf) and 209 (bcf) within ATP1072 and ATP1098, respectively.

The prospective resource has been estimated using probabilistic methodology and are dependent on a coalbed methane (CBM) discovery being made.

It is anticipated that NTH will list on the ASX during March 2023.

 
Been a while ... is the IPO window reopening?
Listing date09 March 2023 ; 12:00 PM AEDT
Company contact detailshttps://northstarenergy.com.au/
Ph: +61 7 3016 5000
Principal ActivitiesMining
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeNTH
Capital to be Raised$25,000,000
Expected offer close date17 February 2023
UnderwriterNot underwritten. Bell Potter Securities Limited (Lead Manager
 
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