Personally, I think companies the size of CTP waving their arms...

Personally, I think companies the size of CTP waving their arms about UCG and, in particular, GTL smell very strongly of desperation. As I have said before the remoteness of the resource and the cost of development are two very large barriers to resource development in the CTP acreage and there are a lot more resources far closer to market and therefore cheaper to commercialise yet.

The opinion rags are back on the "East Coast Gas Crunch" bandwagon again, as they were in the leadup to the last contract renewal for gas supply from Moomba to Sydney. The difference this time will be that it's going to be possible to sell your gas either to GLNG or Sydney from Moomba. Meaning that NSW may suddenly see a 50-100% increase in their gas supply cost to match whatever the LNG exporters are earning.

Sadly, you're still going via Santos. (yes, I'm still beating that drum)