no news, but still faith.

From ERM website:

ERM Power is a successful gas explorer in the west of Australia and we are currently positioned to expand our exploration to the east of Australia.

On the west coast, we currently hold equity interests in eight petroleum exploration tenements covering in excess of 10,000 km² in the Western Australian Perth Basin, which include conventional gas, condensate, oil and shale gas prospects. We have made two commercial-size discoveries, negotiated a gas sales agreement with Alcoa and expect to bring these discoveries into production in the 2013 financial year. The operator, Empire Oil & Gas, estimates combined recoverable gas and condensate of 30 PJ and 2 MMBO respectively.

On the east coast, we have an interest in conventional and CSG gas exploration prospects in the Clarence-Moreton Basin in Northern NSW. This interest comprises a ±7% interest in gas exploration company Metgasco. We are also proposing to take a 9.5% interest in Red Sky Energy (ASX: ROG) and direct interests in some of its prospects. These proposals are in the form of term sheet agreements to farm into tenements with Red Sky Energy and Clarence Moreton Resources that currently have certified 3P reserves of 380 PJ.

We have an interest of about 8% in gas exploration company Metgasco.

The staff in our gas business are experienced in gas wholesale and retail markets, regulation, trading, geophysics, reservoir engineering, pipeline construction, and process plant design and construction, and operations. Ends
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Plenty of big players getting interested in oil and gas (i.e FMG/OBL, BHP sniffin around) No news sucks, but this one a slow burner and industry startin to gather momentum. ERM IS a vote of confidence (I think $1.99 share price today?). Anyway, this is definately my last post til new year, just couldn't handle all the head nicking going on with holders that are too deep to sell. Hope eases the pain.