LNC 0.00% 99.5¢ linc energy ltd

daily reckoning update..., page-58

  1. 5,048 Posts.
    here is the latest from dr.

    i sincerely doubt qld and australia will pass the ucg opportunity up but dr makes a valid point that if they do pass it up then others surely wont.

    here it is,


    --What about the Black Leaf project you read about here and in Money
    Morning recently? Has it been badly compromised by bureaucratic
    dithering and sleight of hand?

    --Our view is short and simple: if Queensland misses the boat on
    turning stranded coal seams into liquid fuel through underground coal
    gasification (UCG) and gas-to-liquids (GTL), it will be Queensland's
    (and Australia's) loss. But the business plan of the share we tipped to
    our small-cap readers, though unsettled by the ambiguity of the
    government's positions, does not depend on operating commercially in
    Queensland.

    --In fact, the plan goes beyond that, to coal in Indonesia, China, and
    Wyoming in the U.S. These are all places that are more than willing to
    look at a technology that turns coal into transportation fuel. Like it
    or loathe it, you at least know you can get energy from coal. Australia
    might not pursue this course. But plenty of others will.
 
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