Hopefully this becomes a thread with contributors.
As long as it is clear this is my HOPE list, here goes:
# Progress at Kingaroy goes better than announced and the pre-production burn can to start just before Christmas(after all, Chinchilla 1999 started on Boxing Day)
# A small skid mounted generating plant is installed to produce some electricity to sell to Ergon during the pre-production burn and much is made of being the first to produce electricity from syngas in Australia (this may remain just a hope if CNX are on track with their 5MW plant prior to Christmas). The PR factor is the goal here.
# A long term carbon storage study is announced ... again it is more the PR factor that interests me here.
# Purpose is announced as to why CXY management want to spend a significant portion of the SPP over-subscription to further enhance Wandoan JORC ... like 373 mill tonnes, equiv to about 1800MW for 30 yrs isn't enough already? possibly something brewing there I feel.
# Commitment to initial drilling in Victoria.
# Some indication of a softening of Qld Govt towards UCG becomes apparent.
# Crude reaches and stabilizes around US$100/barrel.
# Share market remains strong to at least consolidating
# And the biggie ... drum roll ... some +ve, unpredictable "X factor" deal or announcement.
See ... I dont hope for anything unreasonable 8)).
Cheers Dex
CXY Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held
