The director concerned owns 10 million shares and sold a few tens of thousands, from memory; maybe she just had a bill to pay or something. That's not really a factor. The position is a factor: MEL is in NSW, but it is closer to a major population centre (Brisbane) than most other gas companies are, it is close to the main HV grid lines, and it is even relatively close to Gladstone by pipeline.
That MEL's flow rates are not as good as those of some others has been mentioned. I can't find actual figures comparing flow rate per producing well for different companies. Nevertheless, if gas is certified as a reserve, it means that it is commercially viable: flow rates, cost of extraction, and a likely market for it must all be in place.
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