Thought I'd post the management credentials for you (after your comment "if they are above board"). Very experienced.
The Board of Directors
Dr. Henry Askin BSc Hons, PhD, Non-Executive Independent Chairman Dr Askin has over 30 years of experience in the oil exploration industry, of which some 25 years were with the Shell Group of Companies, most recently as Consultant. He was exploration manager with Shell Development (Australia) Pty. Ltd. He has worked with Shell in Australia, Oman, Norway, The Netherlands and India in senior management and technical roles and for three years managed the International Seismic Analysis Centre in the Hague. Dr. Askin is also a Non-Executive Director of Bass Strait Oil Company Pty. Ltd. Mr John Heugh BSc. (Hons), MPESA, Managing Director Mr Heugh has over 25 years experience in petroleum and mineral exploration and has worked in a consulting or subcontracting role for Esso, Wapet, Pancontinental Petroleum, Santos, Western Mining Corporation, Bridge Oil, Ampol, Kuwaiti Foreign Petroleum Corporation (IEDC subsidiary), Arco and Chevron-Texaco. He has undertaken studies in oilfield drilling technology and development from the University of Texas and was a founding Director of Labrador Petro-Management Pty Ltd. Richard Faull BCom, CPA, Non-Executive Director Mr Faull is a director of a firm of Certified Practising Accountants and Registered Tax Agents. He has over 20 years experience as a director, executive and company secretary in mining and petroleum exploration companies. Mr Faull is currently a director and the Company Secretary of Fleurieu Mines NL and Barranco Resources NL, both mining companies. Mr William Dunmore BSc, MSc, MSPE Non-Executive Director Commercial Development and Production Mr Dunmore is an experienced reservoir and production engineer with significant transaction, analysis and financial modelling experience gained by consultancies and employment with a number of banks, financial institutions and petroleum companies including HBOS, Rothschilds, Gaffney Cline and Associates, BHP Petroleum, Schlumberger, Hardman, Mobil, Lasmo, Petrobras, CSX, Total, Nippon Oil, Powergen, Mosbacher, Unocal and Svenska Petroleum. He has over 30 years of direct relevant experience internationally. Senior Management
Mr Randy Frazier, BEng, General Manager Drilling, Operations and Production Mr Frazier previously managed the development and commissioning of the giant Shah Deniz oil field for BP as well as the BP Alaska joint venture. He has owned and operated a small drilling contracting company rig in remote areas prior to his experience with BP and was a workover engineer in the Hugoton Gas Field (North America's biggest gas and helium field) where he had reservoir oversight of 1000 gas wells. For BP, Mr Frazier, as Western Onshore US Production Manager had oversight of all of BP's production in Texas, New Mexico, Colorado, Wyoming, Montana, Utah and California as well as extensive exposure to drilling, fracture stimulation, dewatering and production of Coal Bed Methane (CBM) in the San Juan Basin, one of the world's most recognised and longest producing CBM provinces Mr Mark Di Silvio BBus, CPA, MBA, Chief Financial Officer and Company Secretary Mr Di Silvio previously managed Woodside's Mauritanian Joint Ventures as Finance Manager and has had significant experience with resource companies including Goldfields Limited where he was a commercial manager and with Coolgardie Gold NL where he was an accountant.
Chumpinator "There are many better cbm stocks to invest in that are in advanced stages of production on the east coast. Helium is an unknown at the mo."
Yes that is correct about other CBM stocks, being more advanced, but I would hope that their share price is a lot more advanced as well. I like it because it is starting at the ground roots, so more money to make.
The helium is known (more seismic work is being done), and that is why there was a MOU signed back in 2006 with BOC Global Helium. It is fantastic that there is a plant being built now (Sav posted reference)
