OK we were all wrong ...Its Magellans Palm Valley and Dingo Gas Fields are the acquisition by Cottee. Palm valley gas sales are ramping up Dingo requires a pipeline. Heres where it is and some history from Magellan website.
Magellan wholly owns the interests in and operates two gas fields, Palm Valley and Dingo. Palm Valley was discovered in 1965 and has been reliably selling natural gas since 1983. As of June 2013, the field had produced a cumulative total of 158 Bcf of gas. Through its direct connection to the Amadeus-Darwin Gas Pipeline, Palm Valley is able to meet the needs of its potential customers in Darwin, Northern Territory, and the mining operations adjacent to this pipeline. In 2012, Magellan entered into a new long-term gas sales contract to sell the field's remaining gas reserves over the next 17 years.
Dingo is a gas field discovered in 1981. Four appraisal wells drilled between 1981 and 1991 established the field's resource and production potential. Magellan maintains its interest in Dingo through Retention License No. 2, which expires in February 2014, and is subject to renewal for a further five years. The Company has initiated the application process for an operating license that will allow us to maintain production for a 20-year period once received. Until recently, Northern Territory gas market dynamics have prevented the development of Dingo as a producing field. However, in 2013 Magellan entered into a long-term gas sales agreement (the "Dingo GSPA") with Power and Water Corporation for the sale of up to 31 PJ of gas (30 Bcf) over a 20-year period. Sales under the Dingo GSPA are expected to commence early in calendar year 2015. In the intervening time, Magellan will be focused on obtaining permits and licenses to commission Dingo for commercial production, completing the design, engineering, and construction of the surface facilities and the 30 mile tie-in to existing pipeline infrastructure.
On a quick Look at the map .... Palm Valley already has a pipeline connected and Dingo has a 30-40km proposed pipeline spur to connect it to existing pipelines in the area. Already has an off take agreement in place (with Power and Water Corporation for the sale of up to 31 PJ of gas (30 Bcf) over a 20-year period).
Heres a recent Magellan Presentation
http://content.stockpr.com/magellanpetroleum/media/d51278fca1230fb44278508be95f1dd9.pdf
Reserves:-
53 Bcf proved + probable reserves
– Palm Valley: 11 Bcf proved + 13 Bcf probable
– Dingo: 29 Bcf probable
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