Eskom connected the gas supply in October 2010 to the power station to supply an initial 3MW. Since then, my understanding is that they are past 6MW and now looking to scale up to 120MW.
Ergo's business model is selling it's technology under licence.
In relation to the failure at Cougars site Homey, it was an infrastructure (pipe) breakage, not a failure in the UCG process of Ergo's.
Ergo recently fired up Solid's pilot plant near Huntly, which was also where Alan Singleton undertook an initial trial in the mid 90's with NZ's Glencore.
Ergo has fired 4 Pilot plants, 2 in Australia, 1 in South Africa and now one in New Zealand. Linc has only ever trialled at Chinchilla. Given Ergo has proven its technology in different geological environments you'd have to conclude that Ergo's technology is proven further than Lincs.
In relation to Yerostigaz, Linc brought into Yeorostigaz after Ergo and Linc went their separate ways. Obviously the Yerostigaz technology didn't work very well at Chinchilla because Linc is now onto its 5th gasifier. If the Yerostigaz UCG technology was suppose to work as well as it did, why so many gasifiers and changes to the technology they brought from Yerostigaz?
In fact, one of the Yerostigaz people is still in the top 20 shareholders or Linc (Kotam ???)
Look at the facts, they speak for themselves.
LNC Price at posting:
70.5¢ Sentiment: None Disclosure: Held
