Is it this? CBM coal bed methane in Qld of Pure Energy taken over by Britsh Gas back in 2009? One of the same guys as per below with KKO which has 4.9tcf of contingent resources and reserves pending so one to keep an eye on for peer comparisons to BAS maybe.
1tcf = maybe $1b as per below background on Tom Fontaine once proven into reserves.
Noting prosoective resources are "undiscovered" of which BAS has maybe about 3tcf? Then once discovered upgraded to contingent resources which are still "sub-commercial". The big one iis what is ultimately proven up into proven commercial reserves which can take 1+ years at a guess or longer depending on how many wells need to be drilled. KKO for reference already did 20-30 successful wells so much closer to realising whatever its reserves value might be whilst BAS at an earlier stage with prospective resources at this stage as I understand it.
BAS Price at posting:
19.0¢ Sentiment: None Disclosure: Held
