I think it is a deliberate deception. The wording of the 8-K doesn't look like a single seam is being referenced. Add up several thin seams and the 1 metre seam and the sum is a little over 3 metres.
Don't forget this is the bloke who happily speaks (repeatedly) about a multi-billion "asset value" of an undiscovered prospective oil resource:
The Company's current market capitalization and share price is 200 times less than the current asset value of US$2.23 billion (AUD$2.48 billion) comparative market value. (PR of 28 April 2010)
the Company's current market capitalization and share price is 200 times less than the third party estimated asset value of US$2.23 billion (AUD$2.48 billion). (PR of 8 June 2010)
the Company's current market capitalization and share price is 200 times less than the third party estimated asset value of US$2.23 billion (AUD$2.48 billion) (PR of 24 June 2010)
the company's $3.3billion certified asset valuation (PR of 1 Sept 2010)
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