seems too oversold, page-31

When you consider the huge amounts being thrust at Coal Seam Methane companies by international and national suitors, they will want the SE Qld pipelines expanded and in place asap . The gas from those projects is going to be ramped up enormously by 2012 and Epic has a massive stake in getting that gas to the LNG terminals planned for Gladstone . If the sold a 50% stake in the Epic business they would be likely to get over $400 million . It is one asset that is likely to attract more than one suitor .
Then again, HDF market cap is only $83 million atm .....