... or was that only a pin dropping in the CXY forum lol?My it's...

... or was that only a pin dropping in the CXY forum lol?

My it's quiet in here ... and I'm now bored ... and when I am bored I ponder 8))

Ucg commercialisation power station by power station will be a slow, unexciting but ultimately profitable business proposition provided an intial project of a decent scale is approved by the Qld or other govt here in Australia and provided that project unequivocally demonstrates the effiacy of ucg.

I am sure from my readings and a few conversations at AGM's that the real goal is to be a gas producer earning a living as would a Santos, British Gas, Arrow or whatever.

How nice to sit in the control room tweaking a dial here n there for 30 or more years in the one location as science and technology are hard at work 300m down producing syngas for fuelling turbines, conversion to methane, conversion to diesel and fertiliser and a range of other petrochemicals ... minimal drilling required.

Conventional gas companies have to charge around the countryside negotiating exploration permits, access arrangements, drilling contracts etc, handling the slings n arrows of outrageously short life wells (by ucg comparison) and a new set of environmental controls with every new field.

I am sure gas production is the logical end play for ucg rather than owning all sorts of application assets (power stations, chemical plants etc) that weigh down the balance sheet.

So what is Wandoan all about ... is it the process of methanation to produce methane that is pari pasu with coal seam gas ... and/or a power station ... and/or a site for some energy hungry heavy industry ... with reserves of 373 mill tonnes (6000+ PJ) soon to be expanded I keep coming back to Wandoan.

No way on God's earth will Cougar self fund or debt fund such a capital intensive project. There just has to be a strategy or deal being developed here imo. The thought of sufficient demand to utilize such a coal reserve over 30 yrs just sends my wallet into a quiver ... if there is strategy or deal brewing, I am leaning towards Cougar's role being the syngas producer.

It's the gas sales that matter and not any particular application imo ... a syngas producer able to develop that model can be valued in terms of PE's normally applied to a Santos, British Gas or Woodside imo.

Direct Invest are still in the shadows and as far as I am aware they have a stomach for clean coal projects ... they have an office in Brisbane. Who says they won't fund applications via long term investors attracted to stable, long term, price competitive gas supplied by Cougar?

Cheers
Dex