interpreting mr casey

This is Mr Lincoln Augustus, first second cousin of Holymagiman.

I could well be wrong but I feel that the gist of the message is that
1.there are plans afoot for new global initiatives,
2.that gas marketing activities are advanced
3. that there are going to be progressive reserve upgrades.

MLA


This is taken from today's report;

Mr David Casey, Managing Director of ESG, said: “The Contingent Resource estimate provides a
significant insight into the huge potential of the Narrabri Coal Seam Gas Project. It underscores
the potential for the Project to become a key source of gas supply not only for NSW, but also for
development of new, global initiatives.”


Mr Casey added that: “One of the key differences between gas resources and gas reserves is one of
market certainty. As gas marketing activities are advanced we expect that the contingent
resources will be progressively converted into reserves. And as exploration and appraisal work is
advanced, for example, through investigation of other coal seams, we also expect there will be
further resource and reserves upgrades.”