Ann: Nomgon CBM Project Flows - Gas & Water to Surface, page-34

A good solid announcement that should sustain the SP in a phase of slow, steady growth based on great testing and drilling results and further overall de-risking. As was pointed out by another member, that map is starting to look pretty darn good. Two things are essential - patience and faith in management. The latter is a no brainer - this team is bloody good! Patience? - Well, all I can say is HOLD, HOLD, HOLD and your true rewards will come. May be yet another eighteen months or two years and the SP could be well north of a buck. Not being an expert in the field of CSG / CBM, can someone describe the significance of bringing up water? Yes, I understand it's a desert and water is a valuable commodity and when they start talking in barrel numbers I just feel I am missing something crucial. I would love to be further educated. Go EXR !!!!