hi O,
Over the last few years big breakthroughs have been made in equipment for coal bed methane...ECU have used the new, BETTER equipment to resolve the issues. It was in hole equipment im led to believe.
Also, previous management was incompetent in terms of CBM experience which multiplied the problems (and why gordon has kicked them out IMO). They also have a VERY experience CBM geologist n board who they poached form OCA (or OSH cant remember which).
I think ECU is not the only CBM company to watch (though its the only i hold stock in). Others have potential, take a look at Molopo (which ive been look at today), Eastern Gas which im yet to look at, and Sunshine Gas which im yet to look at.
Cdchi1
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