Well there's even more to this equation than CSG and UCG...

Well there's even more to this equation than CSG and UCG YA.

Rohan has his eyes set on development of UCTL (underground coal to liquids – which is a long way off commercialisation), BG prefer standard CSG development and Central Petroleum prefer UCG. So three parties, three different coal development strategies and one potentially large coal asset.

I believe CTP and EIR have the right idea with CTP moving down the right path at present, and quite possibly by the time they delineate a reasonable JORC compliant resource UCTL may even seem commercial.

IMO BG are simply saving face with their low yield CSG strategy after publicy advocating this for the eastern seaboard.