Ann: Plan to Drill 5 Wells , page-8

Gassed ,

Would you be so kind to repost re ATP 626p reserves ?

I've held ICN for several years and as I recall it originally , 626 was going to be " a company maker ". The extra bonus was that Stanwell was going to help us ( i.e. funding ) in return for a small portion of the tenement. If Stanwell couldn't find enough gas in the small portion , they had the right to expand further into the tenement ( self funding ) in order to prove up sufficient gas.

Even though the coals proved to be gas saturated and the wells were dewatered in order to establish flowrates , the flowrates and/or the permeability has never been published. Further to that , 2p reserves have never been established and the fact that Stanwell has chosen to expand the drilling program suggests that the wells haven't been successful. I'm sure if they had been , RJ would've been shouting it from the rooftops.

In 2009 , 626 was stated as the company's ' primary ' focus.

It's one thing to have gas in place . It's a whole other thing to get it out economically.

Clearly now the focus is on ATP 855. That's where the potential is . 626 is only being drilled because someone else is paying.

I really don't know why you keep talking it up .