ECU 3.85% 25.0¢ eastern corporation limited

big afr article

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    Hi all,

    BIG article in AFR today on Coal seam gas with mentions of ECU (Pg 18). Some quotes:

    - QLD's...juniors...closer to completing sales contracts.

    - 2 have achieved production from pilot projects

    - if...successful...tapping gas deposits...create another major energy source for Australia.

    -[ref to companies] still to small to attract...analysts...but...eye on them...as projects becmoe commercial

    - increasing acceptance of the gas...source

    - Eastern Corp is pumping water out of a test project drilled...by galilee energy. Previous technical probems had been solved and ECU expected to start producing gas as earl;y as the end of this month.

    The article goes on to discuss other companies as well, as well as nsw.

    Cdchi1
 
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