dont overlook this one , page-15

Mikey,

you might want to understand the geology of the coal seams in QLD and NSW a little better!

In parts of QLD (where QGC are) they have very high porosity and frankly all they are doing is getting out the easy gas!

In NSW they have very low porosity and there is very little easy gas! There might be loads and loads of it, but getting it to flow in NSW has always been the challenge and no fault of any management!

Pick where you invest your money in this sector carefully and try and get a good understanding of the geology and challenges being faced by each individual company!

Regards

Rice