Yup - you got it wrong - they "own" the PEL under the Leigh...

Yup - you got it wrong - they "own" the PEL under the Leigh Creek coal deposit from which they intend to process coal to syngas by the in situ gasification of the coal in the PEL for which they have announced the "JORC equivalent" of a gas resource "...Independent PRMS Assessment of 2,963.9 PJ2C ISG Gas Resource reported in accordance with the Society of Petroleum Engineers Petroleum Resources Management System (PRMS). PRMS is the internationally recognized standard for reporting oil and gas resources and reserves. The gas resource was independently assessed by MHA Petroleum Consultants LLC(MHA) of Denver USA, who certified the following resources (MHA’s certification report is appended for information) All numbers quoted represent MHA’s opinion of gas energy recoverable...
Path Forward
The LCEP is nearing completion of the first phase of the project with the recent Inferred JORC (2012 compliant) resource (refer ASX release /12/15) commencement of environmental baseline studies and now MHA’s ISG Gas Resource certification. In the March quarter of 2016 LCK will commence phase two of the LCEP which will work towards demonstration and flaring gas in December quarter 2016." per ASX announcement 8 January 2016.

But we need an update new CEO on where you are at with phase two for the March qtr. and what the freed up MD is doing on the gas sales. Been two months now and the dough must be running low...again.