Every one knows that LNC’s Chinchilla UCG project has been declared by Queensland Government as ‘Significant Project’ status. Do you know who help to develop this project and who is the technical provider? It is Ergo Exergy Technologies Inc. of Canada. http://www.ergoexergy.com/
Do you know who has been credited by Ergo Exergy for the success of Chinchilla UCG project? It is Dr Len Walker. Yes, it is Dr Len Walker and not the other LNC directors.
Please see this link http://www.ergoexergy.com/eUCG_his.htm
We don’t care why and how Dr Len left LNC. All we know for sure is that when Dr Len left, Ergo Exergy left LNC as well and stays with Dr Len. There were two announcements from Ergo Exergy in September 23, 2006, and again in November 10, 2006 to announce to terminate arrangements to provide åUCG™ technology to Linc Energy Ltd (Queensland, Australia). But this important information has never been told to LNC shareholders by LNC (Linc Energy Ltd). It was after 24 days since Ergo Exergy’s November announcement that LNC mentioned ‘ termination’ in a quite misleading manner in its 04/12/2006 announcement (Russian Alliance for Gas Production). It said in the report that ‘Linc will immediately terminate its arrangements and relationship with Ergo Exergy Technologies (Inc) of Canada.’ In fact the arrangements and relationship with Ergo Exergy had been terminated by Ergo Exergy more than 24 days before and it was Ergo Exergy not LNC to initiate this termination which already occurred 24 days earlier than LNC’s 4th of December 2006 announcement.
If you were LNC's shareholders, were you happy with LNC's handling of the matter?
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