More to the mystery of LNC -Thank you Capman over at LNC.
I was inquiring a little knowledge about LNC (Linc Energy) to understand more about GTL and got the excellent feedback once again BIG THANKS Capman.
"linc's plant that you refer to is their demo plant which will produce 5-10 barrels per day and is due to produce first liquids within the next 2 weeks.
it cost approx $12 million.
as afu said, the 20,000bpd plant will cost approx $800 million, give or take a few million and a 40,000bpd capacity is likely which could take the cost out to $1.2 billion or thereabouts.
linc plan to finance the chinchilla development by proving up a coking coal resource at emerald. it's called "theresa".
next week we should have an inferred resource of approx 500 million tonnes announced to the market and throughout the remainder of the year they plan to add to this and move as much as possible into the indicated category.
the sale of theresa should take place later in the year and based on nhc's sale of their new saraji project to bma for $3.50 per tonne, linc could realise approx $2 billion from the sale of theresa.
production from chinchilla is slated for 2011.
but ctp and linc are different beasts and you may like to look for more suitable companies to get an idea of the costs associated with cbm to gtl."
Once again thanks Capman
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