My simplified understanding is that the structure of a number of...

My simplified understanding is that the structure of a number of the wells means that once they start flowing you can't simply turn them off or they partially collapse and the future flow rates disintegrates.

I believe the volumes we discussing are far greater than the powerplants can store or burn.

Combine that with the fact that the price of gas fell from around $14 last year to the current $4.80 odd and you begin to build a good argument for storing gas in structually sound wells.

I don't have the calculation to support it (ie total volume x price per month for storage) but I've heard figures from RBS not disimilar from the current market cap as the potential value for the storage alone. They're due to support the retoric with an analyst paper soon. I'll post extracts when I get it.