presenting in sydney tomorrow, page-6

Dear Noellyn, a very good syopnis of the csg industry. The risks you raised are realistic. Cashflow will be the thing. thats why SA is so important to MPO as is its Qld resources. Surprised about the China thing though. seemed so positive at the time.

Fortunately that a number of the CSG companies are cashed up as raisng money today will be difficult. TYhose without cash will defintiely struggle.

As to takeovers, it seems that urgency aint an issue as can be seen from the fact AGL is thinking of selling its stake in QGC.

I thought that all would move more quickly, but seems that production is taking a lot longer than planned.

still a good investment but not the stunner that many expected.