Poyndexter, LNC restarted the production of Syngas last year and have been flaring it since.
Does anyone know if CXY have approvals for their power plant? The Queensland Energy Minister said last week:
“We have already opened up more than 110,000 square kilometres of land to potential investors in coal seam gas. To date, our coal seam gas projects have yielded around $1 billion worth of development across the state. There is around 1,000 megawatts of gas-fired electricity generation now and around 3,000 megawatts in the pipeline. The Bligh government is getting on with the job of combating climate change. We are committed to developing a cleaner, greener energy future for Queensland.”
Is CXY’s power station part of that 3,000 Megawatts in the pipeline or is that just CSG? Will that extra 3000 Megawatts reduce the need for more power stations? Will Geothermal come from behind and render the need for coal or gas fired power stations unnecessary? GDY are having success with their Geothermal projects and there are about 27 other geothermal companies working on their projects.
CXY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
