stunned mullets, page-2

You summarised it so well Poyndexter that I didn't really get a great deal extra out of it.

I more stunned by the lacklustre market response. I am invested in a CBM stock called Icon that has a gas-in-place estimate of around 1000PJ, has no money to drill production holes, no production, exposed to OZ gas prices etc...its market cap is $70 million. Then you have EPG which has larger gas in place estimates, now has large 2P reserves, has MASSIVE scope for improving both GIP reserves (6000-12000PJ) and 2P reserves, enjoys x4 OZ gas prices, is cashed up, has backing of a gas tycoon, and is ALREADY PRODUCING IN THE MIDDLE OF GAS-STARVED EUROPE...and its valued at only $140million. Similar comparisons could be made to other CBMers ...as done in the broker's presentation...and then you look at the market response....all I can say is....BOOOOOO!!!!!!