Hang in there guys, you've waited this long, and i have full confidence they'll ramp up to commercial flow rates in the coming weeks, and we'll have our long awaited resource upgrade shortly thereafter.
Re-reading the above announcement (and maybe i am wrong), but up to 20% Methane exceeds all other trials in the review of UCG trials on the DPC website (http://energymining.sa.gov.au/__data/assets/pdf_file/0004/312817/Underground_Coal_Gasification_Part_1_Field_Demonstrations.pdf), with the exception of Thulin in Belgium. Most methane concentrations arent even 10%. Fully appreciate this is the maximum achieved, and they've yet to report much else. Given methane is a only one of the constituent gasses of which syngas is comprised of (i.e. our feed-stock product for fertilizer and explosives), i'm looking forward to seeing the concentration of other syngas constituent gasses.
Once that data is released to the market the analysts/brokers will have likely have some fun with it
Again, happy to be corrected !
Add to My Watchlist
What is My Watchlist?