best dressed

The September edition of the Gasette made a number of interesting observations including;

"The [Stock Resource] report states Clean Global Energy is developing a three pronged strategy to be the first Australian underground coal gasification company to commercialize UCG gas by selling commercial quantities to power stations."

If proven correct it will be an outstanding achievement given the standing start which CGV has given its competitors. The strategy includes the proposed Inner Mongolia development. A Letter of Intent as been received from a Consortium to fund US$30 million for Stage 1 of AuSino Energy's UCG plant. China is serious about clean coal technology. The Consortium is serious about a large financial commitment at a time, when back in Australia, the Queensland Government is twiddling their thumbs.

We also have a substantive basis to compare the market cap of CGV with Carbon Energy CNX who have received strong investor support for the Bloodwood Creek development.

CNX - market cap plus $250m
CGV - market cap sub $10m

Imagine leapfrogging Carbon Energy given the very real prospects of becoming the first Australian company to commercialize its technology.