This statement from PH in the London preso seems to have gone...

This statement from PH in the London preso seems to have gone unnoticed!
This is exciting stuff, they have another 500 meters in a structure below the 138 meters already drilled they suspect is going to be of even better quality in Kingfisher.
He stated quite onfidently they should be able to emulate the Jonah gas field in the US here and the sands encountered to date are of better quality than Jonah, this is a significant statement from PH.
Owning 100%, Mel is in a very strong position owning 100%. This is only there conventional gas that they are estimating to be 2 TCF or 2000 Pj by itself.
I have included Wikipedia on Jonah at bottom.
Once the Nsw and Qld state governments clear the decks Mel will be a standout.
With only 10% of their area drilled and P15 P 10 at 24 TCF of potential CSG (24,000 Pj) this company is one of the best opportunities on the ASX in the mid to long term,
Alh.

Jonah Field
From Wikipedia, the free encyclopedia


Jonah Field is a large natural gas field in the Green River Basin in Sublette County, Wyoming, in the United States. The field is approximately 32 miles (51 km) south of Pinedale and 65 miles (105 km) north of Rock Springs in southwestern Wyoming, and is estimated to contain 10.5 trillion cubic feet (300 km3) of natural gas. Managed by the Bureau of Land Management, the field has a productive area of 21,000 acres (85 km2).
Contents  [hide] 
1 History
2 Development
3 Environmental Impact
4 External links
[edit]History

The presence of natural gas in and around Sublette County was known for years, but it was not deemed practical to extract. El Paso Natural Gas Company in the 1970s, in cooperation with Federal Government of the United States and the Atomic Energy Commission, proposed a project called Wagon Wheel Nuclear Stimulation Project, which was an attempt to detonate 5 small nuclear explosions to fracture the sands and enable natural-gas production. The project was abandoned and the Jonah Field and surrounding areas, including the Pinedale Anticline, were left undeveloped for years.
Jonah Field was discovered by geologist Ed Warner working with McMurry Oil. The field proved viable after the drilling of the McMurry Oil Company Jonah-Federal #1-5 in January, 1993 where McMurry placed their operations office.
[edit]Development

Jonah Field is known for being one of the largest on-shore natural gas discoveries in the USA in the early 1990s. The startling fact is that Jonah has a surface area of approximately one township yet it contains 10.5 trillion cubic feet (300 km3) of gas. In comparison, the Hugoton Field covers most of the southwest portion of Kansas, a 14 county area, yet it contained only about three times the volume of gas in Jonah.
The principal technical challenge in Jonah is identification and stimulation of productive intervals in a 3,000 ft (910 m) to 3,500 ft (1,100 m) section of stacked lenticular fluvial sand/silt/shale sequences which comprise the Upper Mesaverde, Lance, and Unnamed Tertiary formations. Hydraulic fracturing is used to open (stimulate) the tight sand formations that exist more than 1.5 miles (2.4 km) underground, which allows gas to be recovered at economic rates.
The major gas companies currently developing the field are the EnCana Corporation and BP. Other active gas companies involved in the Jonah Field include Ultra Petroleum and Yates Petroleum.
Other large natural gas fields in and around Sublette County, Wyoming include the Pinedale Anticline, the Wamsutter gas field and several sour gas H2S fields operated by ExxonMobil.