the bleeding obvious ...

"... Europe needs alternatives to Russian natural gas".

http://www.iht.com/articles/2008/02/22/business/energy.php

EPG's Oilbarrel presentation states that:

1) Lorraine alone has the potential to provide 5% to 10% of France's domestic gas needs.

2) The CBM potential of their CMM Gazonor production asset could match that of Lorraine.

Some time ago (2006 AGM I think) management said Lons le Saunier was potentially a lot bigger project than Lorraine.

My shareholding in this company has never been less risky than now imo ... gas is a good place to be for the years ahead ... any disappointment investors might feel at this point is the time it takes to put a good prospect in an increasingly unassailable position ... sit back and watch this one with a one to three year horizon at least folks.

Dex