Ann: Comet Ridge Completes $17.4m Placement, page-7

This placement gives COI money in the bank and places the company in a strong position moving forward to achieve stated objectives – with the funding coming from the Institutional heavyweights who have jumped on board wanting a slice of the action.

Once the dual lateral well spuds towards the end of this month and is steered to go through 3,000 to 3,500 metres of the targeted two coal seams at Mahalo – I would expect the resultant flow rate to dwarf the 1.5 million cubic feet per day coming from the existing 900 meter horizontal well which in itself exceeded all expectations.

Clearly it’s our management’s intention to go all the way to production – those sitting on the sidelines biding their time before making a move to snaffle our 40% share of Mahalo must be kicking themselves.

Let’s not forget Galilee.

What’s not to like…?