Ann: Acquisition of Exclusive Drilling Rights , page-2

Sounds like a coking coal project

Low sulphur, moisture; high calorific contenet. Having been a passanger on the BTU ride this latest opportunity sounds like it could be a mini BTU in the making.

Need further qualification

On coal qualities

On "up to 10,000 tonnes per month immediately." does this means all permits are in place

Would a BFS be required or is just a few metres under the ground, so to hell with just send in the dozers

Can they realy get the drilling Rigs happening in a month

and finally % share of JV

At 50% share - 10,000 tonnes x $300 p/t, at a cash cost of say $100 p/t (wild guess, trying to be generous)could mean a million $ to PXR a month

One question answered, many follow up to be tabled.

Viney