Ann: Proposed Merger Comet Ridge and Chartwell En, page-6

re: Ann: Proposed Merger Comet Ridge and Char... this deal itself isn't so spectacular, but the major upside comes from the way it saves the u.s. operations.

the u.s. deal was on the brink of being diluted down to a 5% profit share---it can now run at a decent rate.
comet can now afford to fund its us operations until they get to either a self funding critical mass,or begins producing enough to be saleable for a good price.

we might now see some results reported from the existing wells.

mahalo can be funded.no need to farm out any coal seam stuff at desperate for a date rates.

and the sugar comes from the 'human capital' that has shown the ability to sell australian coal seam operations for prices well in excess of the value the market put on the old comet.