I also read the DJ newswires. In addition to working towards an offtake deal by mid 2010, key for me was to hear the following from the interview with JDS:
"Brisbane-based Bow expects to beat an end-year goal of 750 petajoules of proven, probable and possible coal seam gas reserves, maybe by up to 33%, he said Tuesday in an interview with Dow Jones Newswires."
I think we all expect BOW to beat their reserve targets. But great to hear this is already looking probable (and to this degree) and JDS is confident enough to talk to media about it well before final reserves officially due.
Parky
BOW Price at posting:
$1.48 Sentiment: Buy Disclosure: Held
