i just can't believe it, page-14

hopefullguy

We are all in the same boat. MEL shot themselves in the foot with that announcement. Wish I had the cash to average down. MEL's shareprice is a nightmare at the moment.

Focussing on the fundamentals. This has not changed.

Baillieu report on MEL Oct 2012

Australian CSG Reserve Comparison

1.QGC
2.Arrow Energy
3.Origin Energy
4.ConocoPhillips
5.Santos
6.AGL Energy
7.METGASCO***
8.Sinopec
9.Petronas
!0.TOTAL
11.Mitsui Group
12.Molopo Energy (QLD assets were acquired by a subsidiary of PetroChina)
13.KOGAS
14.Westside Corp
15.TRUEnergy
16.Other
17.Senex
18.Toyota Tsusho
19.Stanwell Corp
20.Red Sky
21.Blue Energy

Taken from Santos Website

FACTS ON CSG

Coal Seam Gas is simply natural gas extracted at low pressure from coal.

Natural gas is a low-emission alternative to coal when used to generate electricity.

In Australia approximately 20% of natural gas currently being used comes from Coal Seam Gas.

Santos is one of the CSG industry's most experienced operators.

The development of QLD and NSW CSG resources is bringing significant benefits to these communities.

The 2km buffer zone around houses as announced by Govt may end up being a win/win situation for all and not the end of the world.

GO MEL!