much of the issues WCL is confronting now appear to relate to...

much of the issues WCL is confronting now appear to relate to getting the gas to flow.
My understanding is that the gas is there (as evidenced by the reserves reports), so it is a question of getting it to flow in commercial quantities.

My understanding is that WCL must determine the correct "completion techniques" applicable to WCL acreage and geology.

And that will take time and money - and technical and operational expertise.

For example, I believe that the "fines" problem was an issue in various fileds in USA, but they resolved it. The fines was also a problem in Origin's permits (the old CH4 permits) but they resolved that as well.

so these problems are able to be resolved with money and time and expertise.

I pinched this extract from the ICN thread from yesterday, as it quotes AGL stating that prices for gas delivery in 2015 forward are now being quoted at $9 - $10/gj !!

WCL is currently getting around $3.10/gj I think. Even at that price and the small volume produced, WCL said at that stage, that the field was almost breaking-even.

So the point is, with a near tripling of prices, it means that WCL and any interested 3rd Party should conclude that it is viable to spend the funds necessary to pursue and resolve the production problems at Meridian - because the prize will be very lucrative.

And that explains just why WCL is looking for an experienced production expert in CSG to run the company.

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From story on Business Spectator re the AGL problem announced today.

The Queensland LNG plants will treble the demand for gas from 2016 and divert that increased demand to export markets, although it should be noted that the massive increase in CSG resources in Queensland and South Australia wouldn’t have occurred without those projects. The surplus gas in Queensland and South Australia has been largely contracted, long term, to the plants.

NSW will be the eastern state most affected by the squeeze on supply because it imports about 95 per cent of its gas requirements, mainly from those states.

Even if there were surplus gas available, it will be considerably more expensive. AGL said today that the Queensland gas market was now showing prices of $9 to $10 per GJ from 2015 forward. Domestic prices have traditionally been closer to $4 per GJ. To contract gas and transport it into NSW there would be additional costs.