from the australian investor, page-21

My understadning from earlier announcements was that CTP would release their 2009 drill campaign by late Jan. However from what i read in the article it seems that this will be some time away until BG(JV partner) reviews data, asses what there commitment will be.

Without a JV partner they will have limited funds and hence a limited drill campaign. So in short we are heavily reliant on a JV partner else there will be limited activity. The way i interpret the article is that the level of confidence for BG to fund is not high hence stating the fact that they are discussing with authorities the possibility of minimal exploration just to stay a float which i dont take as a positive vibe.

It frustrates me that they could not prove the gas contents of the CBM discoveries that in itself would have drwan huge interest, right no wall we know is that they have huge coal reserves and nothing more.

that s what i read into it, all my opinion of course