The stir is anticipation of 'on ground' operations starting this...

The stir is anticipation of 'on ground' operations starting this week or next at Kingaroy.

From then on it will be a race between PCE and Linc at Chinchilla to see who can achieve milestones on time and at expected yields/efficiencies.

2007 may well be the year that the share market takes a breather (my opinion only) but world growth will continue albeit perhaps a bit slower than at present. Along with growth goes rising energy demand and with demand higher prices for premium fuels such as oil and natural gas.

Exports of natural gas and using natural gas in Australian near-urban peaking power plants and as transport fuel will further keep east coast gas prices high.

New sources of less pricey syn-gas from UCG for baseload and peaking power production will have a ready market.

Add manoevuering by Russia and Iran, disturbances in Iraq and Nigeria and the USA love of big steel for transport and we have near nirvana for Len Walker and his UCG project.

Also PCE has the resident expert running the show unlike the competition which will be faxing Russia for advice.