Our diversity may be the reason but also the big companies usually step up when the smaller ones have accomplished alot of their exploration and have decent reserves in the book!! Once the donkey work is done they put their hands in their pockets and snap them up!!! Article worth reading...... A look at coal seam gas reserves in Australia shows the head start NSW has given Queensland. The May EnergyQuarterly by consultants Energy Quest rates Queensland's proved, probable and possible reserves (3P) at 47,383 petajoules, or about 89 per cent of the Australian coal seam gas industry. NSW has about 11 per cent of the market, or 5836 petajoules. Even accounting for Queensland's 22,634 petajoules of contingent supply and NSW's comparative 4692 petajoules, the gap is only slightly bridged.
While the Surat and Bowen basins in Queensland house the richest coal seam gas prospects in the state, in NSW it is split among four; the Gunnedah Basin in central NSW, the Gloucester Basin near Newcastle, the Clarence-Moreton Basin in the north-east corner of NSW and the Sydney Basin located around the NSW capital.
