Plenty of methane gas to burn in Narrabri - Good news for ESG & Santos

Australian coalbed methane player Eastern Star Gas (ESG) said ongoing testing had boosted proved and probable reserves at the Narrabri project in northern New South Wales at the end of last year by 152% to 1520 petajoules (about 1.43 million cubic feet) over figures release in June 2009. Of this, 988 petajoules was net to ESG, which operates the project with a 65% stake on behalf of partner Santos. ESG said in a statement that proved, probable and possible reserves at the PEL 238 licence at Narrabri had risen 43% to 2797 petajoules (1818 petajoules net) over the same period. The company reported proved reserves at Narrabri of 115 petajoules at 31 December, up from 33 petajoules in June. ESG managing director David Casey said the results had surpassed the company's target for the period of 1300 petajoules of proved, probable and possible reserves.He said the result reflected an increase in reserves in the Bohena coal seam, but also the addition of gas in the Namoi seam tapped by Bibblewindi production test pilot well. Casey said he expected reserves estimates to climb as the Bibblewindi production pilot and multi-lateral wells continued to clean up and increase production. Gas from the Narrabri project is being piped to supply the Wilga Park Power Station, owned by the ESG-Santos joint venture.
http://www.upstreamonline.com/live/article204997.ece?WT.mc_id=rechargenews_rss

Sounds like business as usual dig it up, burn it, make money, find more, dig it up, .....and so on