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Gold/Mining/Energy : Coalbed Methane (CBM) Corral -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (295)	5/30/2008 7:26:27 PM
From: zebra4o1	Read Replies (2) \| Respond to of 365

LoneClone, Do you have any guess as to how coal-seam gas reserves would be valued compared to conventional gas reserves? I am assuming coal-seam gas might be trickier to develop so reserves would be somewhat cheaper? There is a coal-seam gas to LNG boom going on in northeastern Australia. I am trying to extrapolate the prices paid there for reserves over to Papua New Guinea where IOC is trying to develop an LNG project. Here is a link to an FT article on a recent deal: ft.com "...Petronas’ deal with Santos valued “proved, probable and possible” reserves at A$1.65 per gigajoule, a new benchmark ..." Not sure I am doing the math right but I think that is equivalent to $1.7 billion US per TCF. I am assuming 'coal seam gas' is the same as 'coalbed methane'?