coal seam gas wells were useless, page-30

To those who say that the "coal seam gas wells were useless" and a waste of money. I say You are wrong !

We learnt a great deal about what we have down there.

We had to drill or lose our rights to the tenements.

At some stage we would have had to drill and no doubt for exactly the same resource.

We now now what we have(and importantly what we dont have) so we can now tailor our program and JV partners to the resources we know we have.

Knowledge is power, and the more we know about what we have, the more we can make informed and sensible decisions.

After all we are a exploration company.

CB