Украина Донбасс угольного бассейна

Болгария Карпатского бассейна Балканский

Georgian Basin

Letter to Shareholders from April 2013

We have a busy and productive year ahead of us. After a solid start to our financing with a $7 million closing, we will be completing our fundraising over the next month. We will then proceed with our first operations on our expansive Ukraine coal bed methane (CBM) opportunity. We will be re-entering three existing wells and drilling two new CBM wells.

Letter to Shareholders from April 2013

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