Thought I would post this for those that don't have a feel for the scale and importance of ADE's gas storage project
http://www.tellusholdings.com/pdf/100310_Future_Gas_Conference_USS_Presentation.pdf
Interesting report with lots of relevant information on UGS.
Worth noting:
Page 7: Depleted reservoirs are the best fit of the available options (ADE has this)
Page 20: "Worldwide UGS facilities". (look at Australia)
Page 12: UGS growth to export market for Alberta represents about 28% of annual exports highlights relative importance of UGS to total market.
Page 23: Look at the operators. This is serious business!!!
On top of the much discussed shale gas project, a $40 million MC currently buys you 77 BCF of UGS (http://www.asx.com.au/asxpdf/20100921/pdf/31smf436z9ndpq.pdf)
I know I have said it before but this company really does have a lot going for it!!!
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