Ann: CNX to play key role in Chinese UCG Research Centre-CNX.AX, page-11

Best news for a long time.
China wants and Needs more energy to grow. This will involve various resources. Even uranium is on the plans, but an article last week confirmed they are attempting to move away from older methods such as coal fired power.  This article confirms we have an opening, and possibly a big one.

“…UCG can be competitive as coal is often available where natural gas is not, particularly in China and where coal seams are too deep and too variable to warrant mining…”

They Want Greener technology; especially on the scale they need it.
“…. The establishment of the Centre funded by the university indicated the Country’s willingness to establish a world leading UCG industry based on science…”

Unlike QLD they are keen to bring in methods to get this running.
“   The Centre will seek to simplify the regulatory process by establishing national and international standards of operation for UCG and formally seek recognition by Government….”

And that last sentence.  “…The work of the Centre is expected to support project developers in obtaining permits and to significantly reduce the time required to commence projects”

Yes they are keen to utilise it ASAP.

Forget basing this on a QLD breakthrough, that is gone, at least for the near future. Concentrate on what China will do. Helps me take a fresh view at the overall future of our company. I know much of what is said above has been thrown around by others, but thanks to this release our focus is a bit clearer despite new as of late.

Now all we need to do is get the Summa case out of the way.