pickagoodone - What did you miss - only information that would...

pickagoodone - What did you miss - only information that would have made you buy more

Yosheloff - 85x in 10 years may be on the low side (see below)

Niighht - agree

At least Renergen is in the news and we potentially got rid of some on the edge holders

try get your head around the below and do some calculations on the long term potential post phase 2

From one of Stef interviews

".............our 1p 2p and 3p cumulatively make up the proven area of the field and this is the area that we have drilled that represents 14% of the total acreage, 14%"

"Phase 2 represents a third of the proven reserves.
So we are talking about building the phase 2 project, utilizing only a third of the proven reserves, which represents 14% of the total field"

"None of our proven reserves or contingent resources or prospective resources take into account anything relating to the Sandstone which we have already drilled in and proven gas flow and we have proved concentrations of 12% every time we have drilled into the Sandstone"

"There's about 110 square kilometers of sandstone that we found so far that is 100 meters thick with 15% porosity and 250 millidarcy of permeability with 12% helium in it "

"...... we've got a coal seam, its probably somewhere in the region of about five to six hundred square kilometers of coal seam and we have one well in the coal that we have connected into the system that is producing methane and helium."

"Now you start looking at what that means geologically and you have a coal seam of 500 square kilometers in that production right which hasn't been incorporated into our reserves and we've actually producing gas out of the coal seam.

Again

we have these 2 massive storage reservoirs which have never ever been incorporated into our reserve statements"

DYOR