anybody get to the agm?, page-4

Goodaye Tui,
well done on your WCL s/h !
I am convinced that WCL is medium term investment - if people want to s/t trade, then WCL is not the stock for them - not liquid enough for s/t traders.
i went to AGM, and overall was impressed.
i will put a summary on HC when i get a chance tomorrow.
i need to read the Preso on ASX so that it jogs my memory.
i did not take any notes - sorry.
These are some of my recollections, so treat with caution, and I would be happy if anyone would like to present their thoughts.

Tui - you seem to like the GB play - and well we all should too.
AK mentioned that, not only did the Certifiers confirm the estimate of 21TCF GIP, but AK recalled that the 21TCF only applied to 50% of the acreage !!!!

He said that GB may well be the biggest CSM province in Qld. The coal seams are thick (11m net) plenty of gas, and reasonably shallow - 300m+.
Our permits are closest to Mt Isa.
We are surrounded by big guys.
Fact that AGL have planned big drilling programs makes him feel very comfortable.
Whilst GB is 400klm?? from coast is not insurmountable as resource is so big.
One explorer (Ziff Bros ???) have comitted to a 21 well drill program already.

*** WCL are actively considering Farm-out of share of GB assets. AK would be happy to f/out to big partner who will undertake much of drilling program.
GB assets are so big he felt even a 25% share was a big enough reserve base for WCL.
F/out will free up cash for other permits.
GB assets give us critical mass.

cheers