The 75th Sydney Mining Club Meeting

With HSBC, AMC Consultants, Ausenco, Grange Securities, Outokumpu, and The Swann Group

May 6th at 12:30 pm

Presents:

Two Leading Coal Seam Methane MDs

CH4 - Lou Rozman and,

Sydney Gas - Dr Bruce Butcher

Coal Seam Methan Hits the Investment Mainstream

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In the USA coal seam methane accounts for 11% of all gas consumed - in Queensland it is 23%. Now the Australian Energy market is catching on and the Greenhouse movement is nodding approvingly. CH4 is a major new player in the Bowen Basin and is completing a raising of $37m to fund its Townsville gas supply project. Sydney Gas is one of the longer standing methane producers with 23,800 sq km of the Sydney Basin under title and major pipelines running through its ground. Sydney Gas will supply methane into the Sydney market via AGL with its Camden Gas Project ready to sink another 70 wells. Long term contracts are in place with both, the banks are wading in and investors are stumping up. Last year Sydney Gas raised $53m in equity and convertible notes. Coal seam

methane is becoming big business. So what makes a good coal seam methane investment? It is a fine balance between the number of wells, the amount of stimulation needed, how far apart they are and how far from the market. Some seams willingly give up their gas and others need to be fractured. But the real strength lies in the commodity price… markets are willing to commit to long term gas supply in the interests of a more Greenhouse-friendly fuel and prices are framed well into the future. Just plug us in. Come and learn about the fluid part of the coal seam and why investment in this sector is rocketing ahead.

Don't miss it!