cxy announced the mou with vcr in september 07 to investigate the ucg potential of 4416 but in feb 08 vcr only referred to cbm and associated water production.
here's it is,
The deep coal seams within EL 4416 (onshore Gippsland basin) present significant opportunity for carbon dioxide sequestration and enhanced coal bed methane (ECBM) recovery. VCR is investigating this potential for coal bed methane and would welcome discussions towards a common user CO2 sequestration facility.
Within EL 4416 are deep, unmineable coal seams that are prospective for coal bed methane (and associated coal seam water) production.
CXY Price at posting:
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