10mc
That would be the most likely route imo.
But LNC already have a ridiculously huge potential resource in SA via a recent takeover of SAPEX. so I cant see that they would be interested.
CNX have projects and coal, as do CXY.
There aren't any more UCG technology players in Australia that I am aware of and Australia is close to the forefront of this technology being commercialised. Other main players include America (they are starting to develop the technology on their own turf) and the Chinese (they surely have a pressing interest to develop the technology on their own turf too).
There are apparently moves afoot in the US for Obama to clear the way for technologies like UCG.
Its an interesting area but likely timelines wont suit many investors, particularly those associated with newer "coal" resource owners looking to take advantage of the interest in UCG imo.
Cheers
Dex
ucg and gtl scoping study, page-12
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