I had read most of the ASX announcements via Google search, but not the 89 day one. For the information of those who don't get out much and only invest in NRZ, nearly all companies, even when they change their names, maintain a long history of their ASX Announcements on their own website. I just now looked at two randomly selected junior miners. One goes back to 2012 with a note on their website to contact the company if earlier information is required and the other went back to 2003. Pick your game up, NRZ.
I have read your recent post elsewhere, Danharks. Most disjointed, tries to do too much and I think, because I have already posted the letter from LCK to Energy & Mining here, see above, I'll stay here for the time being.
There is another letter on E&M's website that is also very informative. It is dated 5th November 2018. As every word of it is relevant, I'll reproduce it below and call it Letter B, while the one above becomes Letter A:
So this letter, written to the regulator, clearly shows that from the period from initiation on 10th October to the date of the letter, 5th November, nothing much happened. LCK reported "first syngas" on 11th October, but really that's a bit presumptive. As LCK themselves reported, in Letter B, the initial gas composition was just Nitrogen and Oxygen, which is what is already found in the air being pumped down the inlet bore, and Carbon Monoxide and Carbon Dioxide which are the products of combustion. Not really useful as feedstock for producing ammonia or powering a generator. Later on,
traces of methane are observed. That could mean anything, down to 1 ppm or less, but while encouraging, that is still not what a responsible person would call "syngas". So far, it's a bit of a fizzer so they ask for a time extension. The penultimate [second last] paragraph is admitting that they have not achieved gasification and request a four week suspension. LCK appear to imply that the gasification trial has already begun, but as they only have recorded trace methane to date, that seems a bit of a stretch.
OK, now we go back to Letter A to read what happened through Christmas to February 1st. It is absolutely clear from the letter. By February 1st, "we are still in "commissioning phase", ramping up and we have not yet reached the "commercial test phase". That's exactly what it says. If you want to argue with that, then you should go and argue with Mr P Staveley, because it is his signature on the letter, not mine.
There is no record publicly available to confirm when the commercial trial actually began, if ever. So I'm leaving that as an open question.
But there is one remarkable oddity in this whole timeline - MHA Petroleum Consultants certified the P2 amounts based on well data they received for the period 25th December to 29th January 2019. You might think that there was no publicly available data for that period but, oddly, there is. I found it in a broker's report but it is also in an ASX Announcement.
This is well output flow versus time. It's easy to see that flow out of the gasifier was pretty low, well below the value LCK set for the production test, from the 8th January till about the 17th January. Then it rapidly increased. At some point LCK added a hydrocarbon accelerant down the inlet into the chamber to 'reboot', possibly at this time, or maybe at some other time? I make no claim if this temperature rise was the 'reboot', due to lack of clear evidence.
Remember the General Gas Law from High School? No?
Basically, one way to get a rapid increase in pressure is to rapidly increase the temperature of the gas, so it seems like there was a large temperature increase in the gasifier on or about Jan 17th. But for about a nine day period in the middle of a critical data collection period there was very little flow, and very little pressure. Odd, eh!
So, have your parents, or Grandparents for some, ever told you that they are more busy in retirement than they were at work? Me too. Travelling now for a week or so, spending my ill gotten gains. Out of range mostly.
(20min delay)