looking extremely good with latest result

Very good announcement this morning! This well is 19kms distant from the first well and suggests we have gassy coals over the entire 463 sqkms permit! Latest result with high water flows also does not detract at all from the prospectivity of the coals. The dewatering process will reveal the desorbtion characteristics of the coal seams and its gas content. Indications are already good according to the announcement.

Thickness is terrific at 26mtrs, compared to 17mtrs in first well. Very strong reasons to hold tight to your shares and top up on weakness IMHO. Although I don't think weakness is likely now :) ...could see a good run through the next few months. I'm interested in any chartist views of the technicals.

regards
DF