Today, page-2

Madrum,

   I love that worm at the moment!!

  A couple of points,

1/CNX is currently talking SNG, or pipeline quality gas. I believe this is the first time,ie before 2014, they have have looked at SNG. All their previous projects were to burn syn gas in power stations, or longer term fertilizer. Therefore I suspect there is a very interested and known buyer of the SNG. hence the apparent urgency. Maybe this mystery buyer has good contacts in the Qld govt???

2/ You mention fertilizer. With  IPL, sitting on the register, a previously unknown report being quoted by CNX, that was compiled by IPL, then you must think IPL, will eventually show their hand on their intentions?

3/GTL, though CNX have not really mentioned GTL.more of a LNC think, today Velocys just announced they won a court case concerning their patents. They have also actually made some sales, so would be an ideal supplier if CNX required. It would be ironic if CNX went to GTL after LNC doing all the ground work.
http://www.velocys.com/financial/nr/nr140922a.php

One last point, and I may need to go back and do a few calculations, but I believe, each gassifier can produce 15 PJ, so a 25PJ plant will need two gassifiers. They already have gassifier #3 drilled, so to do their 25 PJ plant will only require the drilling of one more gassifier. It will depend on who provides the Syn gas to SNG plant and machinery, that will determine how much money CNX will require. If CNX just had to provide Syn gas to the SNG conversion plant, then they will not need much cash. They should get a fair swag of money when the option expire, assuming they are still in the money, which they should be by a long way, so they may not not need to raise too much??

Am I dreaming to loudly?