Not meaning to rain on anyones parade, but just some information...

Not meaning to rain on anyones parade, but just some information and awareness of holders

from HOA expiry

"Under the Heads of Agreement (HoA), ENB was to conduct exploration drilling, at ENBs cost, to identify a coal resource of at least 300 Mt (JORC inferred), suitable for UCG.
The drilling program was initially targeted to be completed by mid 2009, but was continued up until recently. However, it has become clear that there was insufficient coal to meet Carbon Energys technical and commercial criteria for Underground Coal Gasification, as required under the Heads of Agreement."

Doesn't mean its not suitable for CXY