We can only hope Glenr, I will say I think Incitec have much...

We can only hope Glenr, I will say I think Incitec have much more to gain should Carbon Energy's technology go onto commercialisation.

An article I read said analysts expect east coast gas prices to double or triple as LNG plants worth $70 billion being built to export coal-seam gas through Gladstone rapidly quadruple east coast gas demand.

It will mean domestic users, such as Incitec, have to compete with Asian LNG buyers for Australian gas..

I think I read somewhere a while ago that 50% of Incitec's cost of production is in the gas it uses, so reducing these costs will play a huge roll in increasing thier profit margin's while maintaining a competitive advantage.

No doubt why Incitec showed so much interest in Carbon Energy and it's UCG technology in the first place.

Cheers



Cheers