Great find Jelly. I spent a few minutes on the google machine...

Great find Jelly.  I spent a few minutes on the google machine trying to find the number but here it is, in case anyone else wants to share the excitment:

"volumes of coal bed methane gas in Hegang mines is amounted to be up to 534 billions of cubic feet" -http://www.blueskypower.holdings/pdf/LTN20141126059.pdf

So a quick rundown of my maths;

Current price $4.22 per million British thermal units (BTU - lowest price since jan)
1,000 cubic foot (cf) = 1,027,000 Btu

Approx US $4.22 per 1000 cubic feet.

534 billion / 1000 = 534 million

534 million x 4.22

Gives us a rough figure of

$2,253,480,000

That would be upwards of $2.25 billion US, folks.

Obviously gas pipelines are not cheap.

I believe we have an 80% stake.

It could be a matter of timing, but any significant increase in the gas price would potentially add billions.  


Any corrections/additions are welcome!!!