sp cause for concern, page-60

Good call about AGK, hadn't thought about them before, but it makes a lot of sense.

They could probably sell their 50% stake in the tenement around moranbah (ATP 364 ) to Shell/Petro for around a billion and use some of that money to buy WCL and MPO's dirt for under $350m. If they then spent another $200m (split with Mitsui) on exploration they would be sitting on a similar amount of reserves.

Speaking of exploration- what is WCL doing? Kind of odd don't you think that we haven't heard a word about another few laterals or testing at Mt St Martin...indicates to me Energisme's interpretation of no news is good news is on the money. Only thing that cnmcerns me is the complete lack of buying interest in WCL and MPO , but I guess you could put that down to the market conditions?