Aside from the many other projects they have, China is the key. BHP people came on board because of China asset. Only my opinion.
An excerpt from Lucas.com.au website.
The pressing need to reduce greenhouse gas emissions, plus the sheer value of the resource (estimated at $200 billion), will make coal seam methane a major resource for the future. It's estimated there is significantly more methane in Australian coal than our known reserves of natural gas.
The technology we've developed will be valuable not just in Australia, but can be readily exported to other major coal producers around the world. Our experience and relationships in Hong Kong place us on the doorstep of China, one of the world's largest coal producers and the world's largest producer of coal-seam methane from mining - currently all vented to the atmosphere.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
