DexterGiven that CXY has more cred than MEE in Len Walker and...

Dexter

Given that CXY has more cred than MEE in Len Walker and Ergo Exergy I would have thought the two bigger players would be LNC and CXY.

A takeover sounds great for a quick buck but shortsighted. I would prefer to be hearing that "partnerships" with majors looking to get into ucg were the scuttle ... imagine what a deal with RIO or BhP or in fact any of the coal or oil majors would do to the share price!

By my calculations, a second phase development of a depleted coal bed methane field as a UCG project could extend productive life (albeit with a different gas) by a factor of up to 10 times! Methane is only about 5% of the calorific content of a gassy coal seam whereas UCG can utilise up to about 80% of that energy content.

Underground coal gasification is potentially pretty big business with many environmental benefits for free (or at least with each set of steak knives lol).

Cheers
Poyndexter