in the age newspaper today, page-6

Oily,

I particularly like this:

"Walker is hopeful of securing $300 million in combined debt and equity funding by early next year. The proceeds will fund its 200-megawatt stage 1 project to be completed by 2013"

It costs about $1 million/MW to develop a power station, so this suggests additional funding for the UCG processing part and you're away.

If this is secured, should be operational early 2012!


cheers
neo