gas prices on the up-with great timing, page-6

my biggest issue is what does 1p really mean. What are the other factors that are taken in the price? I guess other factors would be:
- developed versus undeveloped
- proximity to markets
- access to distribution networks
- topography, climate
- low pressure v high pressure fields
- need to deal with hydrates
Talking to oil and gas people they are more cynical about 1p than we seem to be. 1p seems to be more based around geology than the practicalities of getting it out of the ground although by definition its meant to mean economical recovery. MAE seem to have a lot of compressors which to me means low pressure, but then we are told they have high pressure causing hydrates etc. i am told low pressure ok because big field may have low presures. Its hard to work out whats going on when you have no expertise in the field.
Does anyone have anything to add?