It seems wrong to me to have to accept a $US30 million cap when ithe pilot test is more than likely going to reach critical desorption pressure in the next 3 months. Why rush into things now?
We all read the reports over the last 3 years which highlighted the superior thickness of the Nomgon coals, which contained good levels of gas saturation.
My gut feeling is that there is at least 3 Tscf of CR in this license and my estimate for 49% of the field is about $A0.10 per share when sold.
Anyone else in agreement?
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