uncommitted gas reserves

This extracr from WCL A/R released today.
I was thinking that it exactly applies to the uncommitted ICN resources outside the Stanwell permits. I suspect it is only a matter of time before ICN certifies reserves in the non-Stanwell blocks.
We may well have coys fighting over gas contracts in near term.
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Markets
Global attention has turned to securing
energy resources for the future and the
supply of clean energy has grown
increasingly important in today’s carbon
conscious world. WestSide remains alert to
the potential for marketing its reserves to
liquefied natural gas (LNG) projects
and the potential earnings upside from
international export pricing. While the
large CSG producers focus on export LNG
markets, we expect significant marketing
opportunities to be presented within the
domestic gas market. We believe that gas
will become increasingly attractive once an
emissions trading scheme takes effect.

For example, Australia’s diesel
consumption is 655 petajoules (PJ) gas
equivalent (IEA Report, 2009) and the east
coast market currently consumes the
diesel equivalent of approximately
490 PJ of gas. Using gas as a transport fuel
substitute for diesel alone would generate
demand equivalent to approximately 260
PJ of energy a year, presenting a significant
domestic downstream opportunity for
companies like WestSide.

WestSide is in the advantageous position
of being able to quickly capitalise on
opportunities presented by the dynamic
CSG industry. Our uncontracted gas
reserves enable the Company to pursue
a range of marketing opportunities to
generate cash flow.