Ann: Exploration Update , page-8

Well that announcemtn had a bet each way :)

The good part is that the drill hit CSG as stated.

Im assuming that they also encounter a lot of water or something similar that they weren't willing to continue drill with.

Naturally a drill hole close to this will be required to hopefully Avoid the "Down Hole Issue"

The thing that gets me is that they didn't explain what the issue was. "Poor reporting" Leaves the market open for speculation and thats not good.

A recent stock "CEL" had the same issue but told the market what went wrong and redrilled.

Once again I think this the announcement is skewed on the positive side as they have found gassy coal seams.

Might just be agood rentry point to buy in at sub 2. As they are re spudding immediately

Picked more up on the dips today