mee v lnc v cxy, page-4

Dan,

I think you will find that there are 4 UCG companies listed on the ASX. STX are an oil and gas company with a monthly revenue of about $3 million per month expecting to increase to $4 million per month very shortly. That puts their revenue at about $36 - $48 million per year. Their market cap is roughly $114 million. Their Rayburn gas discovery is worth up to 31 cents per share to STX for every 100 BCF. There is talk that it is 400 BCF. That means $1.24 per STX share. I believe STX are looking at spinning off a CTL company by using UCG on a 578 MT (JORC’d) lignite deposit in SA. If you have a look at their latest announcement you can read more or ask the guys at the STX thread, they are very well informed and really tell it the way it is.