defensive takeover strategies, page-35

JT

I agree 100%. And I'm sure EVERY shareholder would want to see such an update sooner rather than later. He may not however be able to fully claim "lowest cost" until they have done the stacked lateral pilot due to start this month.

H

DC certainly has been spruiking their 'difference" and the very good economics (high gas content, high reserves per ha, up to 5 coal horizons, wide spacing of 1 km etc). He has also said lowest cost on East Coast is likely. From his last presentation:

Unique geology

Deep seams (500m ?1100m) result in high gas contents

High reserves per hectare ?typically thick seams & up to five coal horizons

Vertical fracturing yields high, directional permeability

No impact on groundwater resourceCompletion technology defined

High capital efficiency relative to vertical wells

Lower surface impact

No fraccingrequired

Chief landholder is NSW State Government
Long-term land access secured