On 28 August Hillgrove announced the sale of its 32.5% interest in the Gunnedah Basin Coal Seam Gas Joint Venture to Eastern Star Gas Limited (ESG) for a fully diluted 28% shareholding in ESG. ESG is now positioned, with over 18.7 TCF of gas-in-place, as a major potential player in the NSW gas industry;
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it's from HGO announcement.
Since I'm new to gas/oil stock, i don't really know anything about them.
but I thought the potential 3TCF or just 50bCF is something really big.... but here they are talking about 18.7TCF. what's the difference? is the percentage or type of gas different?
can anyone explain for newbies?
is 3tcf massive
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