Largest ever turn out to the AGM, the room was full and extra...

Largest ever turn out to the AGM, the room was full and extra seats had to be brought in! No presentation to came with the AGM.

PA was in China and was dialled in after the formalites, he emphasised that only 1 section was fracced and that produced 160scf/day so it is definately commercially viable as they can co-mingle fraccing of the different zones during production to get MUCH HIGHER flows. PA said they are looking at lifting costs of $2/cf and selling it for $9+, of course it commercial, its damn profitable!!!

Discussion followed on whether they need to test flow for production as Sino (SEH) are looking to just skip this step and go straight into production. Indications that Leyshon will follow this fast track process if everything goes well over the next few wells. 6 or 7 more wells to be fracced this year before winter sets in.

The market for gas in China was discussed, basically they can't get enough of it, prices are skyrocketing, up 28% in the last year, and different regions in China are all screaming for gas, good chance production is closer than we think as a result of domestic demand cries.

PA mentioned that 74% or 76% of the script is now traded on the AIM as opposed to the ASX. But they are looking at future promotional work with some Aus brokers, Pattersons, Argonaut and Euroz all specifically mentioned as perhaps covering Leyshon in the future.

Indication the value in Mt Leyshon lies in large scale production so a much larger full exploration program is required. I can see this project being sold back to Newmont or spun off as another company

Z6 currently being fracced, I got the impression frac work was being conducted on ZJS6 at the same time as ZJS5, didn't get clarity on whether they had 2 frac rigs

I dont' think anyone who attended the meeting would have been selling a single share afterwards, they would probably have been thinking about how to buy more.