sydney gas joins the cbm party

This short article from Oil and Gas Weekly

Bought more on the dip and will continue to keep buying on weaker SP. Down ramp play in progress.

Sydney Gas Joins The CBM Party

The coal seam gas plays were quieter this week, most up but only marginally. Sydney Gas, the company we singled out last week as the CGM play that seemed to have missed the party, caught up with some of its peers this week, rising from 33.5 cents to 38.5 cents.

The company reported on its current conventional gas well and reviewed its CBM production at Camden. If that conventional gas well falters we might look to buy SGL on the dip.