expect flow rates of 4-6mmcfp/d!!!, page-24

Take a dose of reality.
This is tight gas, it's in its infancy in Australia and i'd be willing to bet no one on this site understands it fully.
The project is in its start up, there is alot of gas there and this gas is definitely needed in WA both by alcoa and others and to suggest alcoa would've walked already is ludicrous, they'll atleast back a few attempts at getting this project off the ground, they've committed $40m.
The key as we all know is flow rates, we need say 4mmcft+ per day to make this really profitable, then we'll start drilling wells like mad to drain the gas, yes each well will decline over a period that is natural in the gas game, however new wells will continually be drilled until the field is drained.
As of now we are flowing 2.3mmcft for just a day after they removed the coil (i for one dont fully understand this, will it be replaced etc) + about 750 barrels of fluids, this is unassisted, as of now the well is being pressure tested.
I'm no expert but the gas flow will increase significantly as the fluid is removed, then there is the possibility of assisting the gas flow, nitrogen injection etc.
I personally think we're in a good position, the company believes this (as stated), if you like the story buy, if you're not comfortable with the risks or investing in an industry in its infancy, move on