its a waiting game ..., page-6

Poyndexter, thanks for the reply.

The biggest problem I see with Cougar, and CNX for that matter, is the EIS and subsequent approval for their projects.

There are some very powerful people that are going to try everything they can to prevent a commercial UCG project from happening in Queensland .

The government responsible for approving a project is going to require a thorough EIS which will have to include absolute PROOF that the environment, especially the water table, will not be adversely affected. This might require years of starting, operating and shutting down many smaller UCG generators AT THE SITE of the project before any approval is even considered.

Why do you think Linc are going out into the middle of the desert for? It would be far easier logistically and financially to build the plant at Chinchilla, but I think they’ve seen the writing on the wall.

Also, I’m a bit worried about the fact that Cougar doesn’t actually own anything other than a couple of coal leases. What happens if ESKOM or some other company buys Ergo’s technology tomorow or even 5 years from now, where does that leave CXY?

Linc might be spending a lot of money (the more the better IMO) developing their technology, but it’s not like they’ve started from scratch, they have 60 years of data and experience from Yerostigaz at their disposal.

What makes you think Ergo’s technology is any different or more superior than that used at Yerostigaz anyway?