Due to the high level of demand from employees, priority applicants, broker firm applicants and institutional investors, no shares will be issued to general applicants under the prospectus.

All general applicants will have their application monies refunded in full or their cheques or money orders returned.

CH4 will have a market capitalisation of $100 million at the offer share price.

CH4 chairman John Reynolds said CH4’s life as a listed company would start with a well balanced share register comprising a mix of leading Australian institutional investors, a strong retail component and CH4 staff.

“Investors have responded positively to CH4’s business opportunity which is underpinned by the strong industrial growth in regional Queensland,” he

said.

The company’s first significant production project, the Moranbah Gas Project, is expected to be the only significant producer of natural gas for the Townsville market. CH4 also intends to pursue opportunities in the Gladstone and Rockhampton industrial region. This will position the company to supply gas to the two fastest growing industrial regions in Australia.