Have to be patient, its about conducting a large number of experiments (drilling) over a wide area & bringing all that information together. CBM recovery is very technical. One thick seam between 5-10 could be very good news. just as 6 or 7 ranging from 1-2 meters. Its more about gas content & permeability than anything else, then obviously the volume of gas. Throughout the project it would not even surprise me in years to come if they found shale.
Erdenes Tavan Tolgoi is currently trying to list a $1billion + IPO in Hong Kong, due to lack of commodities on the exchange & Govt needing capital to develop the countries infrastructure, if we are successful in this 1st program I would not discount a dual listing in the future.
Have to be patient, its about conducting a large number of...
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