I beg to differ ... yes there is money to spend up front on consultants (and salt of the earth they are too lol) sorting out a coal resource of suitable properties and in a useful location .... other than that the costs are in the same ball park as coal bed methane with horizontal offtakes, but less than conventional deep multi lateral hydrocarbon wells.
Further, unlike a coal bed methane well field where depletion can occur within 3 to 7 years, a relatively contained ucg project can support a 400 to 600 MW gas fired power station for 30 yrs or more. Finding sensible partners like Origin or similar who would place high value on such a stable long term cash flow is not out of the question imo.
Like I said earlier, I will look into it more and post a reply within a day or so.
Cheers Poyndexter
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