eir/ctp farmin analysis, page-23

Tejveer1,
10/10 for sticking to fundamentals rather than gossip. This weekends waffle has been a good lesson for all imo:)

Neglecting our Helium & the original MOU with BOC...CSG, GTL & UCG have many schools of thought & JH being an avant garde thinker, is more interested in UCG, GTL & more recently Tight Gas potential through lateral wells & modern fraccing technologies. Note that ESG are currently doing lateral wells to 1000m in AUS which seemingly allows at least 1 trillion tons of our coal to be exploited if it proves worthy at those depths. It did improve with depth from memory.

BG do not necessarily think along popular lines either even though they are not convinced by UCG as yet. They have however invested heavily in CSG & more recently in Tight Gas/oil contained in shale in the USA. The holdup in the OPCOM meeting may well have something to do with the "new information" that CTP has provided them with & could well be regarding shale prospects in the Georgina, Armedeus &/or pedirka basins imo. Don't get me wrong I also think BG would be very interested in the Pedirka coal for CSG & have done lateral wells with WCL in QLD but what CTP has announced regarding unconventional resources imo would have opened the eyes of BG equally to the Pedirka coal.

As for GTL it's a dream of JH's & there is certainly scope for it happening through the right channels. EIR is the first real sign that it's possible imo.

As for UCG JH often seems to give presentations along side LNC. Maybe one day:)

The involved companies that I see as potential company changers for us at this early stage are BG/QGC, BOC/Linde & EIS so GTL, CSG, Tight Gas/unconventional gas, Helium, oil & condensate seem the most likely early candidates for income at this stage outside of existing wet oil plays & potential conventional gas. That's all Just my opinion though.