atp837p, page-2

what are you talking about insider trading . it's news on TRU energies website .

(Fri, 31 Oct, 2008)

Integrated energy company, TRUenergy has announced it will commence drilling up to five coal seam methane (CSM) coring wells on two tenements in the Surat Basin Queensland.

In November 2007, owners of the sites, Rawson Resources Limited (50 percent) and Energetica Resources (50 percent), agreed to a farm-in agreement, allowing TRUenergy to explore for CSM in two permits, ATP837P and ATP 873P, in exchange for 70 percent of the CSM rights.

TRUenergy will use the Ancon Rig 1 to drill, core and test the CSG exploration wells.

Wells will be drilled to depths of up to 700 metres to test the Walloon Coals which are productive for CSG in the adjacent Lacerta CSG Field operated by Sunshine Gas.

Cores from these wells will be gathered and tested to gather data on coal seam methane potential within the permits.

Assessment of further work requirements followed by examination of pilot production options will be assessed in early 2009.

Securing upstream gas supplies is a key component of TRUenergys business and climate change strategy, with the company currently directing significant investment towards transforming its portfolio to a lower emissions-intensive operation.

Following completion of the farm-in commitment work the CSM joint venture will comprise TRUenergy 70 percent and operator, Rawson Resources 15 percent and Energetica 15 percent.