orion letter to shareholders, page-6

second

Thanks for that. I take exception to ANY information being deemed better not released. RL's assessment contrasts to David Casey's in the recent Open Briefing.

"MD David Casey:

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

"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."

Like I said .. why bother????????? And in their bimonthly they said:

"The well has confirmed the presence of the Moolayember play across the extent of PEL 6 and provides critical control to locate follow-up wells to target this play in areas where thicker coal development is known to occur."

So Gwydir-1 was located to test both the Moolayember and deeper Maules Creek which was not present (they went to 800m only but did hit basement). And they KNOW there are thicker coals elsewhere.

H