asf investment vehicle?

Hi all, just trying to look at things from different points of view.

ASF as far as I can tell, is not %50 owned by a Chinese company (which once again, as far as I can tell, is linked directly to the Chinese 'investment' vehicles).

This Proactive article mentions that ASF has tenements only 20kms away from REY's main project. REY and ASF have been neighbors for a long time. My initial thought is that REY must have a good project for them to be jumping into this, also, REY's tenements must indeed be very positive for further coal projects and lastly, as I have mentioned before, REY has %100 of the tenements Coal Seam Gas resources (they did not sell them off in the deal to Gujerat - due largely to the Coal Seam gas industry being in boom time back then)

http://www.google.com.au/#q=asf+tenements+in+canning+basin&hl=en&prmd=imvns&ei=XuHfT_2MBOejigelpaTuCQ&start=10&sa=N&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=d85bc23abb3691b5&biw=1280&bih=632

I also found these two little bits of past history regarding REY's coal seem gas and coal interests. Just makes me wonder if there is more than the eye can see... (from articles in 2009 and 2010). Perhaps as OBL is always telling everyone that their tenements have huge productivity for Coal Seam Gas, REY has much more acreage and the coal is proven to be there.... Could this be another value add?

As always, interested in others views etc.

Good luck to all.