coal seam gas

Hello Everyone.

Im new to this stock, so i have some questions to ask those who know a little more about this stock and its potential.


From my observations, and the announcement the other day, i have put some figures together and looking for the experts to answer the following:-

1. Coal Seam Gas. From my info in Aussie we sell CSG at LOCAL Price for 1000 cubic feet between $2.66 - 3.66 and we Export it at $4.50 - $5. If im on the right track go to 2.

2. 300 bcf? IS 300 billion cubic feet of Gas! If im on the right track go to 3.

3. 300 bcf equates to 3000,000,000 * mean ave $3.80
= 11.4 billion dollars!

So my question is:- Am i on the right track with these figures? If not what is the CSG gas worth if LMP can find this amount of CSG resource!

Looking forward to the answers from the experts....lol