reserve upgrade, page-2

that's my post on 13/02/10

"BOW's Vrmont prospector looks very interesting, the main target in this area is Moranbah Coal Measures(AOE's drilling on west of vermont was very encourage, they found high gas contents in MCM) BOW's first drilling hole found 18.7m in Upper Fort Cooper , that could make total coal seam mare than 50m thick.

Vermont area is about 100 KM2 , Blackwater is about 200km2,but total coal seam thick is only 21m, so Vermont's 3p reserves can be as same as Blackwater's, or even more."

that's my post on 16/03/10

" IMO, we will have 3500-4200 PJ 3P reserves and 650+ PJ 2P reserves by end of 2010.


Blackwater 1500-1700 PJ 3P, 250-350 PJ 2P.
Comet 1000-1100 PJ 3P, 200-250 PJ 2P.
Norwich Park 1000-1500 PJ 3P, 200-300 PJ 2p

If somebody will pay $0.35-0.4/GJ, that worth $4-$5.6/per share, and we have Don Juan and Gunyah as well. "