erg acquisition, page-16

Dex, how do you arrive at that thought? I thought the 3 new divisions clearly shows that UCG/GTL is still very much part of the game. The current oil purchases is firstly for cash flow and being recognises as a oil producer rather than cash burning miner. Becoming cash flow positive and a producer is a very major step. I have been worried about the rate of cash burn, especially with the cost of management and previously having no significant income other than random tenement sales.They can also progress those investments whilst they continue their other stages of development. Australian governmental interventions and delays have caused set backs and delays. With FT reactor 5 being the first commercial application, then the next stage is preparing specs for the 5kbpd GTL plants. In the meantime in the US once UCG testing is approved for Wyoming, they will be in a position to then start proof of EOR for their oil investments, and trial GTL there. So UCG to me still is part of the major game. The diversification of locations and applications can all fit in lovely just like completing a jigsaw puzzle, and all helps to derisk with diversivication.