different vibe from esg about oip leases

According to OIP management (formerly GGX management!!!) and the IE the CSG potential of OIP's PELs 6, 427, 428 is of minimal value. This contrasts with what David Casey has said on a number of occassions and with what he says in presentations. Now it could just be spin but DC has always made a point of saying they have the largest operated CSG acreage on the east coast. He/ESG must consider that the 3 OIP leases have better than minimal propspectivity for CSG to say this .. he is claiming them as "CSG acreage".

In the 2 presentations released today he makes a BIG point of saying that the reserves and contingent resources that they have are only from PEL 238 and there are 5 other lease areas (3 of which are OIP's) from which they expect to book reserves and or resources. Looking forward he says that:

"Envisage further increases in Contingent Resources as the 2010 programme ramps up regional exploration across all licence areas". ALL licence areas. So ESG will be aiming to book R/R in OIP's leases IMHO. He said this of the Gwydir-1 results:

"We were delighted with the results from the Gwydir -1 corehole. It has confirmed the presence of the Moolayember coal across PEL 6." And:

"ESG has near-term plans to drill a further two core holes in PEL 6 to further assess the Moolayember coal and its potential for CSG production."

I'm confused and not sure who to believe!

What do people expect to hear next about the merger? A legal challenge? Higher offer from OXX?

H