late announcement, page-24

Thanks for the info Ya.

The Price Waterhouse Coopers report for LNC on USG from May 2008 states the following requirements for UCG on p.24.

1.) Coal seam depth of 100-600m.

2.) Coal seam thickness of at least 5m.

3.) Ash content less than 60%.

4.) Minimal discontinuities in the seam.

5.) An absence of good quality water aquifers.

I've noticed that the seismic shows that our coal between CBM930001 & Baltimore1 is @ or over 600m deep. I also note that we have very thick coal there (160m @ Baltimore1) & seismic suggests that this thickness continues all the way to CBM930001. Huge resource!

My question regarding this is....

Does the 600m + depth mean that technically this coal can't be utilized for UCG purposes or is the PWC range "100-600m" just to do with economics in which case I expect our very thick coal is going make it worth while going a bit deeper with the UCG process.