Ann: Good Oil Conference Presentation , page-2

new info today - flow testing of Dav & Marsden Q1 2013 - very positive IMHO!

I thought p14 was clever marketing as it clearly sets out the CB opportunity whilst acknowledging the challenges of the deep resource - credibility to Mgt there!

"If" (and it's a big if) the engineering can produce a commercial flow from the deep coals then a lot of people in NSW & QLD are going to shite themselves big time! CSG in those states is losing its political license fast (eg shut the gate etc). If STX/BPT can make the CB coals work then every LNG producer and politician on the East Coast of Aus (with respect to commercial & enviro concerns) is going have an irresistible alternative to NSW & QLD!!

There is going be a hell of a lot hanging on the results those tests in 2013! Pray we can get flow!!!

Cheers

HC