Good points. There may not be much in the way of patent...

Good points. There may not be much in the way of patent protection, but not too many people have practical hands on UCG experience.

One of the reasons I like Cougar is that they have lots of UCG experience and connections. They don't have much cash, but it looks like companies with coal deposits are willing to make deals with them because of that experience - first Cockatoo and then Ignite.

Problem is that companies like Cougar are looking to partner with someone that has money to fund the proejects. Liberty may have the coal, but that is only 1/3 of the equation. They need to add money and UCG experience.

Or maybe Liberty just plans to hang on until someone buys their properties? Once the UCG boom really gets going, they could probably raise all the money they need with a stock offering.