I wouldn't say its the "only" southern/eastern onshore production option.
There is quite a bit of non CSG gas in Gippsland that the Peoples Socialist Republic of Victoria will not allow to proceed despite it not requiring hydraulic fracturing. The problem with this resource is that it is "unconventional" and for some unknown reason the Mexicans can't get their heads around it.
Both big companies like XOM have a lot of leases in this area and also smaller spec stocks like LKO. I might suggest that when XOM bought leases for $200m (although that is chump change for them, its still real money) they did so on the basis that it contained cheaply producible gas.
My 2 cents, YMMV, not financial advise etc
I wouldn't say its the "only" southern/eastern onshore...
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