qgc are desperate to get their dirty hands on as much cbm as possible for their lng commitments.
instead of proving up the resources before commiting the pj's they have done it backwards.
so now they have resorted to a takeover of roma and now sunshine.
make no mistake, qgc's interest in chinchilla isn't about chinchilla and the 32pj's that they have there. It's not even about linc....its all about ucg and qgc's fear that ucg technology may attracts coal blocks from the government and linc just happen to be the convenient vehicle due to circumstances.
qgc is trying to discredit ucg in an attempt to have the queensland government award all future coal blocks for cbm exploration. qgc certainly don't want ucg to prove it's worth to the queensland and australian economy so have initiated it's smeer campaign at the very time that linc are about to produce first liquids and progress to development stage.
the queensland government won't buy qgc's pitch and neither will ferguson.
cheers
LNC Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held