AUSTRALIA

UCG future still speculative

QUEENSLAND-based UCG developer Carbon Energy has been given a ‘speculative buy' recommendation from APP Securities, the brokerage that has been helping it raise money this year to pursue its new China-based strategy.

Haydn Black

Analyst Chris Mears continues to be impressed by the company, which was recently cleared by the Queensland government's Independent Scientific Panel into underground coal gasification, the only company...

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