Slowly and quietly DERM is pulling back the leash on UCG in Qld.
See CNX ann' today. Some of it is posted below.
Quite sad we had to go through all this really!
And even worse for CXY holders who still have the leash attached.
I hate the politics surrounding this situation but given time when the public has forgotten about everything the government will release the facts they know and UCG will take off in Qld providing energy in Qld and possibly liquified for overseas export.
Certainly adds confidence that CGV's proven coal resource in Qld will be of definite value!
Bloodwood Creek Environmental Update
Carbon Energy (ASX: CNX) advises that the Queensland Government Department of Environment and Resource Management (DERM) last night informed Carbon Energy that it has accepted the Company?s environmental report as addressing the requirements of the Environmental Evaluation notice issued on 21 July 2010 and additional information notice issued on 21 September 2010. The evaluation related specifically to containment of surface water on site, a common situation faced by many industries and not specifically Underground Coal Gasification (UCG), and at no time were underground activities or groundwater impacted by the incident.
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