longreach technical report , page-3

I guess they cant really say much until they futher drill their licenses but its promising.

"Three of the five contiguous permits which are the subject of this review are situated to the west and south of the Rodney Creek CSG project and, while there can be no guarantee that coals with similar or better CSG quality will be found, it is certain that the Permian Betts Creek and Aramac coals will occur through much of the permit area and at similar depths (from ~700m to ~1200m).

The occurrence of similar quality coals to those at Rodney Creek in Blue Energy’s ATP 813 (some 200km to the northeast) must also be taken as very encouraging."

The Rodney Creek project is more advanced. Many will be watching results from this.

"The Galilee Gas Project permit areas are adjacent to AGL Energy / Eastern Corporation’s Rodney Creek CSG project. In 2008, AGL Energy announced its intention to spend A$37 million to acquire a 50% equity stake in the Rodney Creek coal seam gas project and is targeting 2P reserve certification of up to 500 Petajoules (PJ) by 2010."

They could be sitting on a LOT of gas. Plenty of work to be done. Reserve certification of AGL's and ECU's Rodney Creek Project will be watched very closely. It will give a good indicator on what EXE are sitting on. We have a lot more land coverage than AGL's and ECU's license in question also.