Following are quotes of the email that I sent & received from...

Following are quotes of the email that I sent & received from Bill Williams from Blue Energy in regards to the 140Tcf of estimated GIP that was quoted in an ECU announcement earlier this year.

QUOTE:

Good Morning Bill,

I was after some clarification of figures of BUL’s estimated GIP from their CSG tenements.

I noted in the announcement issued by BUL on the 20th June, gave an estimate of 21.3 TCF of GIP for its Eastern Qld tenements. I also noted that in an announcement entitled “Progress Report” made by ECU on the 30th April 08, stating that BUL has an estimated 140TCF of GIP in its 27000km2 of tenements.

Could you please help me clarify the figure of estimated GIP stated by ECU, and if the figure of 140TCF of estimated GIP is correct, could you inform me as to which other tenements these figures of estimated GIP are sourced from.

Thank You

#Reply email from Bill this morning.

QUOTE: The ECU figure was an error, we stated that the GIP in Queensland in a presentation was 140TCF and we were misquoted.

Regards

Bill