Psi, you sound as though you think it is a simple enough matter to do fraccing safely. But on evidence in the public domain this does not seem to be the case at all. What is your view of the respective cases presented in the documentary Gasland and the ABC Four Corners The Gas Rush? Taken together they would appear to amount to a compelling enough case for a moratorium on CSG while no such case against UCG seems to exist. As every CXY shareholder knows only too well, the casing failure at Kingaroy was tragically unfortunate but it was essentially a teething problem, the company understands the reasons for it and it won't happen again. (Nothing like it has ever happened at Chinchilla.) The political ramifications of the casing failure dwarfed the technical reasons and DERM/KCCG notwithstanding, CXY can proudly proclaim that NO environmental damage was caused. Unless it can be shown that the combined evidence presented in Gasland and The Gas Rush amounts to no more than an unreliable beatup the CSG industry can't make any such claim.
CXY Price at posting:
1.6¢ Sentiment: LT Buy Disclosure: Held