Coalbank Limited is an Australia-based resource exploration company. The Company explores for coal, minerals, coal seam gas and conventional oil and gas. The Company operates in three segments: Coal, Petroleum and Minerals. Coal is engaged in exploration for coal. Petroleum is engaged in exploration for oil and gas. Minerals is engaged in exploration for base metals. The Company�s Blackall Project is located on an existing rail corridor, only 130 kilometers from south-west of the Alpha area coal projects. The Tambo Coal and Gas Project tenements cover an area more than 400 kilometers from west of Roma to Blackall in Queensland. In November 2013, Coalbank Limited announced the completion of the partial asset sale.