I am not sure but froggy's post is mischevious.
Where Gas is being plugged and left is not known to me certainly in the Natural Gas arena...and of course we have the benefit of liquids which coal seam plays don't.
Coal Seam is much more expensive to produce etc etc... and some of those proposals may be in limbo waiting for stronger prices...but i will bet Cato's left nut that Bobby could sign a deal tomorrow for whatever Gas he finds...and his modelling has only ever been at $4.50 mmbtu from memory and it around that level now......
Last deals done for insitu Gas between WPL and Mitsui i think it was and ii posted on this a while ago was 1 billion roughly per T..this was done a matter of a few months ago ( if you can be bothered looking up the post).
So say we have 7 @ 40% without anything for liquids basicaly 3 T = 3 Billion Market Cap now = 1.2 billion...
Would reckon we are trading cheaply...but of course we need to get the 7 TCF don't we.
30mmcfg/d!!! on constrained euipt!!!, page-35
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