fort nightly drilling report , page-14

"(unlike QLD its a different market in NSW and so there is not the insatiable demand and take overs happening. however once ESG has shown its potential, there will be those interested.)"

Hi Para,

The difference is that, in QLD they want all the gas (CSG)they can get, because of the LNG trains that the big majors are wanting and planned to build in Gladstone, a port City, for exporting the LNG to supply the insasiable demand in Asia.

In NSW. instead, we haven't reached that level as yet, and we are concentrating on the supply for the local demand, and for the supply of gas for using in the production of Electricity generation.

If and when, we will ever reach that level, and someone will start talking turkeys, and say, planning of an LNG train for conversion from GSC to LNG in Newcastle, then we will see an enormous jump in our shares too.

At this stage of the game, all we have is AGL and STO that may be interested in our gas, unless of course we will build a pipeline all the way to Gladstone ourselves, or building some Electricity Generation Plants, to use our gas and generating revenues.

My thoughts.

Buddy