annoucement out csg reserves, page-18

Any back of the napkin estimation should also be tempered with an understanding on the 'extractability' of the gas resource.

Not all of the gas mentioned is:
a) nearby current infrastructure
b) in seams at sufficient drilling depths as well as seam thicknesses
c) readily accessible by drilling only. Additional cost is incurred if they need to utilise fracture stimulation to activate the seam.

Basically the gas-in-place is just that until it can be proved to be removed from the place, where it will remain, worthless.

Sorry to sound like a pessimist but I dont mind being a devils advocate. I do strongly believe that they are a serious player and are here for long haul and that a decent portion (hoping) of their reserves will actually get proved up as a company asset. If you have a spare 20 minutes, then I would recommend that you listen to the presentation by Sharif the other day.
http://www.brr.com.au/event/preview/6krvwthe2g/46989

Hecko, the figures you posted about capital will probably grow if they can successfully spin off their conventional gas reserves to focus on CBM/CSG/CSM...the gas in coal.
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