waiting for the penny to maybe drop, page-9

Got some answers from Russell Langusch;



Thank you for your email.

Taking all you comments in turn:

- The CSG coreholes in PELs 427 and 428 were drilled to depths below which there was little or no prospectivity for coal seam development. If ESG and OIP had believed there were coal targets deeper, the coreholes would have been drilled to intersect them. It must be remembered that CSG exploration in PELs 6, 427 and 428 is at a very early stage with little known about the coal seams in the area. It is not an analog to ESG’s projects to the south in the Gunnedah Basin.

- The desorption results have not been received back from the lab yet. With all the current CSG activity there are huge delays having samples analysed and only 2-3 laboratories perform such work.

- Both OIP and GGX shareholders will have an opportunity to vote on the proposed merger in late January. The necessary paperwork in currently being prepared.



Kind regards,