what a joke, page-17

The major problem with this is that it is not even viable.

Linc Energy is the closest to achieving UCG-GTL, they've been trying to do it since 2006 and they still haven't started construction of a GTL plant

Unless Linc is willing to JV with CTP as tech provider, which seems unlikely since they have their own huge coal tenements, where exactly is CTP going to get the tech?

Develop it in-house? Of course not. Even if they tried it would take years. It's going to take Linc a full decade at least (ie five more years) before commercial UCG-GTL and they bought out the most experienced UCG operation in the world.

This ann makes it sound like it's off-the-shelf technology. It's not, it's embryonic technology that has never been proven commercially viable. The frontrunner has been going for five years and is still probably five years away from 20,000bpd, and CTP expects to get 60,000 within five years, starting from nothing? Where's the time for the pilot plant? Linc's pilot GTL plant has been running for three years.

Oh, and we'll just find someone willing to chip in $7.5B to an unproven technology along the way, plus somehow prove up 4 BILLION tons of coal at depth to minimum JORC inferred standard (4km grid spacing).

In 20 years from now it might be worth considering for a supermajor, but now, I just can't see this happening. Certainly not from a company of CTP's size.