Hi,Just doing some research and thought this worth worth putting...

Hi,

Just doing some research and thought this worth worth putting up for discussion.

Worth noting are the early results (16 May) from EPC 1477 held by Guildford which is South West of BWD's EPC1726 and EPC1727. They reported what looked like some great results at depth (70% thicker than expected for 11.9m of net coal) and now plan "to relocate to shallower targets to the north on EPC1300 and EPC1478" (next to BWD's EPC1726).

I felt that this was quite encouraging and certainly is a strong indication that BWD have cherry picked some quality tenements and nearer to surface.

Please refer to full announcements for context. Investor presentation by Guildford on 3 March page 17 has a useful map of tenements in Galilee North.

Regards

Disclaimer: Discussion purposes only please do own research.