Mel has gone from 20c in march to 80c now, looks like it should rise even more over the next year.

LARGEST CERTIFIED GAS RESERVES IN NSW – 1.080TCF

Metgasco Limited (ASX: MEL) advises that it has received an independent certification of
significant volumes of gas its South Casino coal seam gas field. Possible (3P) reserves
have now been established at 1,080 BCF and probable (2P) reserves at 21BCF.
This result means that Metgasco now holds the largest independently certified gas reserves
in New South Wales.
The South Casino field has now demonstrated its potential to make a major contribution to
gas supplies to the east coast energy markets. The project is located approximately 70
kilometres south of the Gold Coast in one of the fastest growing energy markets in Australia.
The project is well located to supply energy to the increasing population of northern NSW as
well as Queensland and New South Wales energy markets.

http://sa.iguana2.com/cache/9767f777...MEL-402728.pdf