announcement out, page-18

G'day CB,

The optimists among us need reinforcements! Here's some "ammunition" extracted from Allied Resource Partners website, "Project Overview" (http://alliedresourcepartners.com.au).

"Stage 2 encompasses expansion through modularization. Additional expansions are anticipated, given the Project's estimated low per unit cost and the scale of coal exploration target in the Pedirka Basin. A stretch target of 1-3 million barrels per day ($100-$300 million revenue per day) of liquids can be contemplated long term should drilling prove fully successful." The next sentence is a "doosey" and might get the hearts pumping in Beijing! "This would equate to 2-3% of global oil demand from a single Project."

Today's announcement wasn't quite what I was expecting, but I do anticipate that other announcements on Surprise and shale gas can't be that long off. We should also get "some reflected glory" from the drilling being undertaken/ to be undertaken by our neighbours.

That's it for me. I'll put my tin hat on and return to the biotech trenches where life is considerably safer.

Regards,

Goggo

DYOR