SXP have talked as if oil was their main play. Let's also forget...

SXP have talked as if oil was their main play. Let's also forget about ESG and csm. Lets focus on the 30 billion tons potential of coal, which has been deemed as subeconomic up to this point in human history.

The question is: can this coal be utilised?

UCG technology unlocks the stranded coal resources: currently sub economic or too deep. LNC is not the only one with that technology.


LNC have done SXP the favour of providing an affirmative answer to that question by offering 120 million dollars.

Now if the answer is affirmative and eventually proven to be correct, would all that coal resource be only worth 120 mil?

Buy. worst case senario if the deal holds, you make only one cent, on 71.