1. The Clear Creek Field has only ever produced 137 BCF...

1. The Clear Creek Field has only ever produced 137 BCF
http://www.marionenergy.com.au/irm/...?CategoryID=216&HideTopLine=True&masterpage=4
2. 1000 Acre Spacing is 2km apart
3. More drill holes does not increase the gas in place, it increases the recovery of the gas and cost of extraction.

Increase of 1000%, 50m drill spacing...... what the? get real.....

4. Clear Creek has 560 BCF of 1,2,3P reserves, 30 TCF is a pure fabrication and doesn't appear on any of the companies presentations.
5. The US uses 25 TCF per year not 6.
http://www.eia.gov/dnav/ng/hist/n9140us2a.htm

6. LNG produced from shale gas and shipped from USA to Europe is expensive. Probably over $6-8 mcf
Russia's conventional gas reserves cost about $0.30 per mcf
If the US ever really start to tackle "Russian dominance" they will squash the US by dropping the price.

7. New Woodside????? Thats so Funny....

8. Korda Mentha are Insolvency specialists.... Expect them to exit as part of the relisting process.
They are not investment guru's.
KM investing in Marion stopped them from entering receivership, which has been beneficial for all parties.
Don't take KM's investment as a sign that they endorse the company.
Its something they needed to do to keep the company afloat and was probably all part of their professional fees.