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Metgasco is developing gas reserves and power supplies for the eastern Australian energy market. 

We are exploring, appraising and developing the vast gas resources of the Clarence-Moreton basin in northern New South Wales.  Covering an area of approximately 1.5 million acres, the basin is prospective for both coal seam gas and conventional hydrocarbon resources. 

Metgasco has already established a large certified gas reserve position in New South Wales with the following gross reserves in PEL 16

All reserves are from coal seam gas and so far these have been recognized over less than 5% of the Company's acreage position. 

Metgasco is at the very beginning of our conventional exploration program.  We are excited that the first well we have drilled, Riflebird-E14, delivered a discovery.

Our appraisal effort is focused towards supplying gas customers in SE Queensland where we have MOUs in place to supply approximately 150 Petajoules of gas over the next 20 years. We are developing pipeline infrastructure to deliver this gas to customers.

Natural gas, is a clean, low greenhouse gas emission fuel.  When it is used to generate electricity it produces approximately 45% of the emissions produced by coal fired electricity generation.  As Australia moves to a more carbon constrained economy, the use of gas as a transitional fuel will become increasingly important. 

With its growing certified gas reserves close to energy markets and plans for electricity generation, Metgasco is planning on becoming a major supplier of gas to eastern Australian energy markets.

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