mae analogy, page-7

1. They are drilling wells to define a area and establish its reserves. More wells = more reserves = creater value and makes it more attractive.

2. They bough another 20%of CC for 15 Mill so the whole of CC should be worth base 75 Mill.

3. when you finish the wells you need to de water a 60 acrea area with a huge amount of depth. Think about the volume of 60 acres combined with the well depth.

4. Once wells are nearing a dewatered state the gas rates increase quite quickly.

5. If you stop gas flowing from the well water seaps back into the producing layers and need dewatering again.