Today's Financial Review is full of CSG fever... ..."CSG is a resource that just a few years ago people were dismissing as "unproven" [sound familiar] but now has sparked a multi billion dollar bidding war between Royal Dutch Shell,BG,Petronas and Conoco Phillips, likening it to a gold rush".
Rightly so..oil companies are falling over themselves in a mad scramble to have an iron in the fire before Arab oil estimates reveal themselves for what they are.
Royal Dutch Shell [Feb 08]..oil/gas demand will "permanently" overtake supply "within" 7 [seven} years.
When Martin Ferguson pats Linc on the back at Chinchilla next month, he would be aware of the above statement,for it brings into focus Australia's dwindling supplies.
The coal revolution is here,its going to be clean, its going to cause a major shift in world power,and you guys will be part of that phenomenon via UCG.
HM.
CXY Price at posting:
6.4¢ Sentiment: None Disclosure: Held