...Drill holes BD09-10, 11, 12, 14-17, 19, 21, 23, and 25-27 contained no significant coal intercepts. These holes were drilled to test the potential boundaries of the identified sub-basins proximal to discovery holes BD08-03 and BD08-06 and to test new potential coal locations. From the holes drilled to date, the broader sub-basins appear to be comprised of discrete features containing significant coal thickness up to approximately 50 metres with their limits defined by certain geophysical signatures and the underlying Devonian limestone. The contours of underlying Devonian limestone continue to be a critical factor in defining the sub-basins.....

18 of the 38 holes drilled, we need another month before we know all the visual result of the winter program...anyway, those above holes are so close to 06 and did not find any coal intercept is the reason of the drop of share price..

bh