does everything add up?

Folks,

Maybe this is a good as it's being portrayed, however I have a few queries, that I would want a little more comfort on being putting my money on.

Europe is full of coal, and therefore of coal seam gas potential. Therefore why isn't it happening? What are the barriers? the problems? Once CSG got going in the USA the big energy companies looked elsewhere, China, Australia (but initially economics were poor and technology needed adapting), Europe?? surely.

What is EPG expertise in the area? Seems to me CSG companies are not priced on potential resource in there acreage, but on proven and probably reserves. This requires capability, hard yaccha, and ...time.

So what category is EPG resource? P1? P2? or just P3 (maybe P4??). They do not get these certified P2 in Australia without pilot plots?

So when does the revenue start? When will the discounted profit give a reasonable PE on today's capitalisation? How much dilution will be required to fund this potential?

I have no expertise in assessing this, just taking my naturally sceptical viewpoint to it.

Entropylord