I preface this by the caveat that I'm not a gas man, so would...

I preface this by the caveat that I'm not a gas man, so would appreciate some feedback on this.

AJQ are targeting a "22 TCF in current drill of ATP1087"
(From yesterday's announcement "A prospective recoverable
resource of 22 TCF (Trillion Cubic Feet) of gas within the Lawn Shale and within ATP 1087 was certified by
Armour’s independent experts".)

What is the significance and value of this?

In terms of the value - 22 TCF? Will depend on infrastructure to develop and supply from what I've seen so would be interesting to get other people's perspective. Are we talking half a billion/billion per TCF?

I read that Australia's resources were listed at 144 TCF
http://www.clearonmoney.com/dw/doku.php?id=public:natural_gas_reserves
quoting - 1 Apr 2008. Parliament of Australia Research Paper no. 25 2007–08.

Not sure whether this has been significantly updated, but 22TCF, if added to that figure, would be a tad just over 13% of Australia's resources.

Current market cap of nearly $100mill. What would a find of 22TCF do to share value?