they made another announcement this morning. The chart is looking good also. I bought some for the draw. 20-30m coal thinkness on their ground in the US. 10,000 producing wells in the area and these guys are major ground owners. 30 odd wells working at various production levels as they de-water. Existing gas pipe line close bye and a US gas price of around $12. The margins and this style of production is very mature in the states and i doubt there would be a listed player in Oz with the fundamentals of this company. The cost per well is something like 30% cheaper than oz. Do some home work or forget i posted anything.
PGS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
