Some extract from News item,can see alot of coal people bailing from these companies and more than likely jump to CTP
The Queensland government has demanded that three underground coal gasification (UCG) projects provide the results of past water quality testing.
Cougar Energy was ordered to stop its UCG trial near Kingaroy last week, after tests conducted in July found traces of a known carcinogenic, benzene and the toxic chemical toluene in bores near the plant.
Affected residents have been told not to drink the water.
Mr Robertson told company representatives from Linc Energy, Carbon Energy, who run pilot projects near Chinchilla, as well as the Queensland Resources Council, that while the circumstances of each project would be evaluated individually, Cougar Energy contamination incidents raised concerns for the whole sector.
"Today I made it clear that each company needs to understand we will take no risks when it comes to environmental performance and this will be the key factor in determining the future of underground coal gasification in Queensland," Mr Robertson said.
"This was acknowledged and agreed to by the companies."
CTP Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
