The highlight is the best estimate unrisked recoverable CBM gas...

The highlight is the best estimate unrisked recoverable CBM gas prospective resource of 40.1 trillion cubic feet (TCF). That’s a huge multi-trillion cubic feet natural gas resource.

On top of that is a risked best estimate recoverable CBM gas prospective resource of 7.6TCF – that’s still a number roughly equal to all the gas produced in Australia’s Cooper Basin in the last 50 years.
This is the first unconventional CBM PSC to be issued in Mongolia under the country’s new 2014 Petroleum Law which provided for favourable fiscal terms for unconventional petroleum.The final kicker is that all of this exists in just 20% of the area being considered. Now consider that the Nomgon IX Coal Bed Methane Production Sharing Contract, has a 10 year exploration period and covers approximately 30,000 square kilometres, and you get an idea of how large the scale and scope of this project could be.
Here is what we are looking at in a nutshell:
~30,000 kilometres squared (7 million acres) of land
100% working interest
First mover status in developing play with multi TCF potential - now independently verified
Low cost initial exploration program
Nearby infrastructure with Rio Tinto’s OT mine
Close to China/Mongolia border
Next door to world’s third largest gas market
World class thermal coal deposit within the project area.

Places it immediately proximate to the Northern China gas transmission and distribution network. This means the company is ideally placed for future gas sales into this extensive network.Another macro considerations include Mongolia’s lack of gas production and the strong political desire to replace high emission coal power and heat generation with low emission clean burning gas fired generation.With the potential to find and develop multiple TCFs of gas from CBM in the PSC area, it is feasible that both the Mongolian and Chinese markets can be supplied with highly cost competitive Mongolian CBM.As such, this company’s first mover advantage in this Mongolian region could be a real game changer.



https://www.nextoilrush.com/which-asx-gas-junior-has-a-40tcf-unrisked-resource-on-chinas-doorstep/