The Queensland Government gas just recently made noises about plonking UCG on the head
but at the same time they cannot refute the fact that CNX has viable UCG proposition
Great technology - just NOT IN MY BACK YARD
So it seems the Qld Govt need a way out to save some face (not much left to save IMO) in terms of
"we are creating jobs, smart state yadda yadda yadda"
I would not be surprised if the Govt turns around and says
"we approve your project as a scientifically proven and safe concept"
but as UCG is now "verboten" in Qld - we will give you our rubber stamp of approval; - just take it somewhere else!
Could be a Win -win solution
any thoughts out there?
CNX Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held