Business Summary
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Lodestone Energy Limited (Lodestone), formerly Lodestone Exploration Limited, is an Australia-based resource exploration company. Lodestone explores for minerals, coal seam gas and convention oil and gas. Lodestone is focused on the identification and appraisal of energy prospects, in particular coal seam gas (CSG) and lower carbon emission Walloon Coals in Queensland’s Surat and Clarence-Moreton Basins. Lodestone’s energy prospects include Tambo Coal and Gas Prospect, and Moreton Energy Coal Project. The Tambo Coal and Gas Prospect area is located in the Upper Surat Basin, province in Queensland. The prospect is targeting both coal and CSG resources. Lodestone operates in three segments: coal, which is engaged in exploration of coal; oil and gas, which includes exploration of oil and gas, and base metals. On December 1, 2008, Lodestone incorporated new subsidiary, Lodestone Coal Pty Limited. On December 2, 2008, Lodestone incorporated new subsidiary, Lodestone CSG Pty Limited.
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