Chinchilla significant project status confirms a fact that: What a good project left by Dr Len Walker and Ergo Exergy to LNC! What a good gift given to LNC by Dr Len Walker and Ergo Exergy! That is why when LNC ‘dump’ Ergo Exergys at December 2006, LNC had to admit that “Ergo Exergys work has been greatly appreciated” Why not? With Ergo Exergy’s technology and its help, “The UCG operation in Chinchilla is by far the largest and the longest ever in the western world. .. and achieved the following significant milestones during a period of 30 months of continuous gas production: • 95% recovery of coal resource; • 75% of total energy recovery;” And plus it was a most cost effective UCG project in the world.
The above are quoted from LNC’s prospectus.
What have LNC done since December 2006 at Chinchilla?
No single new UCG has been lit up and run yet with the Skotchinsky Institute technology. So you won’t know how good it is. So what the significant it is for? For nothing?
Nowadays when people refer to the success of Chinchilla project and talk about how good and significant it is, they refer to the Chinchilla project with Ergo Exergy technology and not with the Skotchinsky Institute technology. Which Australian guy has been credited for Chinchilla’s success? It is CXY ‘s managing director Dr Len Walker! Yes, it is CXY ‘s managing director Dr Len Walker! Who is the technology provider? It is Ergo Exergy technology!
Once again, what a good gift given to LNC by Dr Len Walker and Ergo Exergy!!
As to who dumps who, please refer my post #2010957 and you can find out the answer so that you will not be misled by LNC.
CXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
