Australian UCG and GTL Stocks
Please note that this is a rapidly changing field and that the data
contained will inevitably be out of date some of the time; meaning that
you should not rely on it to make investment decisions and consequently you must do your own research.
Mkt Cap AUD$445M -(12/10/09)
Overview
Carbon Energy (CNX), formerly known as Metex, is an emerging Australian gas producer. CNX is developing the processes and infrastructure to produce syngas by means of underground coal gasification (UCG) using technology developed by the CSIRO. The company has successfully built a pilot production facility near Dalby in the Surat Basin (QLD) which has produced commercially attractive syngas. Recent milestones include: Carbon has a joint venture with Incitec to identify and develop opportunities in Australia and internationally to make ammonia using the UCG process. Carbon has also signed a commercial off-take agreement with Queensland government-owned electricity provider Ergon Energy, placing CNX amongst the first to commercialise the UCG process. The contract, worth about $2 million a year, is for electricity produced at Carbon's 5MW syngas-powered electricity production facility being constructed at Bloodwood Creek in the Surat Basin. Major shareholders to date are the CSIRO, with 15 per cent and Incitec with about 10.5 per cent.
For a full investment report on CNX
Mkt Cap AUD$58m -(26/2/2010)
Overview
Central Petroleum is an ASX listed junior exploration and production company operating what is regarded as the biggest package of
prospective acreage in Australia at over 250,000 km2 with independent reports indicating over 4,000 billion tons of coal much of which is deemed as suitable for UCG-GTL.
Mkt Cap AUD$88M -(12/10/09)
Overview
Cougar Energy (CXY) is an emerging gas producer with projects in Queensland, Victoria, Pakistan and India. The company is developing an UCG facility to power a commercially viable 400 MW power station at Kingaroy, Qld. Additionally, CXY has EPC 1118 (65sq km) in the Surat basin, a MOU with Ignite Energy resources to assess the suitability of Victoria's Latrobe Valley brown coal for UCG as well as two overseas projects: The Thar Coal Field in Pakistan and a MOU with Essar Exploration to evaluate and develop multiple coal fields in India.
Mkt Cap AUD$6m (12/10/09)
Overview
East Coast Minerals currently has interests in the Pilbara region of WA, exploring for precious and base metals and a 51% interest in Energy Future which has Underground Coal Gasification (UCG) interests in Australia and the USA. Energy Future has applications for mineral exploration licences over an
off shore area of 6,000 km2 that stretches from Wollongong to Newcastle containing a possible 28 billion tonnes of coal.
Mkt Cap AUD$21m (12/10/09)
Overview
Liberty Resources Limited is an Australian mining and exploration company, focussed on the discovery and development of clean energy sources from coal. Liberty has projects in Queensland with 27,000km2 with a JORC inferred deposit (suitable for UCG) and the Yilgarn Craton W.A. project via its fully owned subsidary Rhodes Resources.
Mkt Cap AUD$780M (12/10/09)
Overview
Linc Energy (ASX: LNC) is an innovative energy
company deploying Coal to Liquid (CTL) technology from two combined
processes: Underground Coal Gasification (UCG); and Gas to Liquids
(GTL). The technology enables the firm to convert stranded coal
reserves into ultra clean diesel fuel. The company may also use the
synthetic gas (syngas) developed by UCG process as feedstock for gas
turbines to generate environmentally friendly electricity. LNC is
currently constructing a model facility at Chincilla (Queensland) with
an output capacity of 10 barrels per day (bpd) and also plans to
develop a 20,000 bpd facility in the next three years. The qualitative
analysis highlights the company‟s leading position within the UCG
industry in many areas including technology enhancement, ownership of
vast supplies of coal, a strong management team and the ability to
capture substantial commercial opportunities. While we believe that
this upside potential has well positioned the company within the
industry, the company is exposed to downside risks including
geopolitical competition, financial constraint, environmental
opposition, carbon trading effects, technology risk as well as economic
risk.
For a full investment report on Linc
Syngas Limited
ASX Code: SYS
Mkt Cap AUD$10M -(12/10/09)
Overview
Syngas Limite (SYS, formerly GulfX Limited) is an Oil and Gas Company
working to achieve large scale syngas production and plans to produce clean (ultra low sulphur, low trace element and low particulate content) premium diesel in South Australia using proven gasification and associated technologies to exploit its JORC compliant coal resource.
N.B. SYS is not an underground coal gasifiier. They are proposing the use of mined coal and biomass for a gas to liquids process.
NON ASX LISTED
Metro Coal is an Australian pure play coal and energy company focussed on developing its tenements covering a combined 4,000 square kilometres of the Surat Basin in Southern Queensland. Metro Coal is about to become an ASX listed entity that is currently 79% held by Metallica Minerals.
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