APAC Coal hires PT Dunggio as drilling contractor

Wednesday 08th of September 2010

http://www.businessspectator.com.au/bs.nsf/Article/APAC-Coal-hires-PT-Dunggio-as-drilling-contractor-RSAHX?OpenDocument

Source: News Bites

APAC Coal Ltd appointed PT Dunggio as the drilling contractor for the identified drilling targets within the 890 Ha Bekosos Lempesu block in Kalimantan, Indonesia. Dunggio will use the wire line system of drilling to ensure more than 90 % recovery of core and is anticipated to begin May 2009, deploying two drill rigs to complete the infill drilling of the 890 Ha block by mid-June 2009.

The objective of the drilling program is to delineate additional tonnes, identify the most suitable areas for mining and upgrade a large proportion of the resource to the measured category.

The drilling programme will be supervised by Ravensgate Geologists to ensure standards with particular attention on core retention and sampling.

STOCK DASHBOARD: May 06, 2009

APAC Coal

Price at 2:00 pm: 6.20c

Relative Strength (6 months percentile rank): 51.7

Market capitalisation: $2.4 million

Turnover volume: 70,000.0

Volume Index (1 is average): 1.3

Turnover value: $441,000

Turnover period: 7 years 3 months

Value of $1,000 since listing on July 10, 2008 : $310

Longyear 44 Being Set-Up

Moving Rig LY 38 by Bell 412

Curriculum Vitae