chart breakout, page-31

Just a few thoughts.

Been looking back on the drill depth for some of MEL's coal seam holes. Out side of Kingfisher, just about all have target depths to just below the coal seam. Of course this is about costs.

The Annvale 1 is targeting the walloon coal seam.
According to the drill results at Kingfisher, the walloon coal seam starts at 500m to about 700m. 2.5km away.

ROG are drilling 250m below the coal seam level at King fisher. This added cost will be for a reason. I think its pretty clear what they are looking for.
Notice how just about every report reminds you of the closeness of Kingfisher.

Have a look at MEL New York preso. 16 Sept.

Page 6 has the data from the Kingfisher drill.
Page 9 has a map that shows holes drilled. It is colour coded. Orange is 3P Reserves. It doesn't show the PEL479 but it is in the bottom right corner between pel 13 and 16.
It looks to me that the R3 reserves show on the map will run into PEL479

As for the drilling.

There are two operates drilling Annvale 1 as per Sept 20Th report.

Gricks Drilling (A local operate) will drill the first section.
TDC will drill the next section to under take the coring.
This second drilling is where the results will come from.
So it is unlikely you will see results next week.

Interesting times for this micro cap.
Made a bit on it last year on it's run up to 6.5c in Oct.
They had no where near any thing this potentially good going on at the time.