In mid-2008, GCR began evaluating developments in the supply of...

In mid-2008, GCR began evaluating developments in the supply of both coal and gas to global energy markets and concluded that the market would require additional sources of supply for both commodities. Beginning in November 2008, GCR has applied for nine permits in the Bowen, Surat, Clarence- Moreton and Galilee Basins in Queensland.
GCR is planning to drill four of its coal permits that have been recently granted or offered. The focus of exploration will be evaluating the potential of deeper ?stranded coal seams? for UCG extraction where the opportunity for shallow, open cut resources is limited.
Of the nine applications, one has been granted in the Boonah area south of Ipswich (EPC1643) and two have been granted and one offered in the area between Chinchilla and Dalby (EPCs 1655, 1658 and 1659). These coal permits are located in the vicinity of the Underground Coal Gasification-Gas to Liquids (UCG-GTL) of Linc Energy?s (ASX:LNC) and Carbon Energy?s (ASX:CNX) UCG projects, and the Kogan Creek and Wilkie Creek open cut mines