UCG is a waste of time in CSG land. As mad has eluded SA is the place to be. I am watching Marathon Resources who have a EGM to merge with ex LNC guys next week. They are planning to do UCG at Leigh Creek, have money friendly site and a legislative positive environment. BUT from what I can see going over the documents for the EGM don't have a UCG team.
I am a fan of UCG and cannot see why CNX just doesn't pursue this project with them or check it out. Win win
The UCG industry is tiny and as I see it working with the players v on their own is the way to develop the technology.
CNX Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held