If these conventional CTL projects are at least marginally economic, then UCG must be a slam dunk. Much cheaper to gassify the coal in place, rather than dig it up and transport it to a some expensive surface gassification facility.
Believe Cougar has some kind of MOU or something with Ignite Energy to look at UCG on their Victoria brown coal.
Bottom line is that there seems to be plenty of interest in huge coal deposits - even if they're in the middle of nowhere in Central Australia. Or even if they are lignite.
CTP Price at posting:
7.7¢ Sentiment: None Disclosure: Not Held
