coal seam gas, page-2

Grahod

For just 15% of their 460 sqkm Lorraine permit in France they have GiP of just under 1000PJ (compared to abt 360PJ reserves for a combined QGC/SGL entity here in Australia). They expect the 1000 GiP estimate to yield abt 450PJ of reserves I understand.

EPG/KBO have an application in for a southern extension to their Lorraine Permit for another 528 sqkm. They also have other permits in France and Italy. The gas price is Europe is multiples higher than here in Australia.

Do the maths on relative market capitalisations and you will fall over backwards frothing at the mouth. It just blows me away. Please check it out yourself and get back to me on this thread.

Cheers
Poyndexter.