This is actually HUGE news. If Cougar can secure funding it...

This is actually HUGE news. If Cougar can secure funding it won't even matter if they walk out on Kingaroy, or if the lamentably stupid Qld government squashes the project. There are enough projects in the pipeline such as Eneabba and China to prove that UCG is safe and viable, and then watch Qld come crawling back to beg when there's not enough cheap electricity generation to go around.

No doubt Damo at KCCG will be having a whinge about his power bills too.

Ironically, all this fuss could prove advantageous to Cougar in the long run, because if it had never happened, nobody would be paying Cougar the slightest bit of attention, just like before. To come through this drama and resolve it positively, and now be squarely in the media spotlight... couldn't buy that sort of publicity.

Still have to resolve it positively, of course. I'd like to see them just forget Kingaroy and focus on Eneabba. I have a relative who is senior management in the emerging Mid-west iron projects in WA, and he was explaining to me the other day just how desperately these companies need cheap electricity for their crushing mills - it's actually the biggest single risk to their development because there are no conventional energy resources out there.

So I told him about ENB and CXY, he had no idea what UCG even was, and he was extremely interested... sounds like the way to go.

Just leave Damo to his peanuts.