carbon energy and adani, page-32

It's more than a very good/excellent outcome for CNX to have an MOU with Adani to establish a JV and pursue UCG in India. Not only a hedge bet but perhaps acceptance and exposure in another Continent. Can only be positive for CNX. Linc will be doing the same but in in a much larger scale and most likely in various geographies hopefully in quick succession.

My understanding (correct me if I am wrong) but Queensland is very high risk for UCG players because the CSG players (BG group inc QLD Gas, Shell etc) have the muscle (money) to persuade the State Government to allow them to operate.

This I believe is the major reason LNC has decided to go to South Australia as that State Government is looking for energy to fulfill it's own Energy requirements for the State at large and for the Resources sector.

I will not be surprised to see Queensland Government halt all UCG operations within the State when the time comes. The writing is almost on the wall in my opinion. Acceptance in Queensland would be a fantastic result for CNX and LNC.

I believe that Linc relinguished many overlying tenements with the UCG players in Chinchilla to keep the peace with the State Government. However, I'm not sure if legislation was passed in favour of CSG players re: overlapping tenements.

If anyone knows more please advise.

Would a Coalition State Government make any difference for UCG players?

Good luck and good fortune to CNX and holders. UCG is the way of the future in my opinion, how far into the future I don't know, hopefully not too far.

:)
Nic

Disclaimer: My understanding and opinions from my own research