lrts recap on business models shall we ...

Cougar have a very simple business plan initially to produce syngas to fuel gas turbines ... thats about a basic a ucg project as you can get.

Importantly, syngas quality requirements for turbines is not overly demanding and that there is no need for expensive oxygen injection or nitrogen rejection equipment with this application.

Some here are critical of LW, but what chance that he's a wily old fox with the experience and hard learned lessons under the belt to over-run the bolting hare?

LW has made ucg his life's work, is well regarded internationally and is published. Imo, anyone who discounts that experience does so at their peril.

Why would Cougar seek to deliver a small, inexpensive initial ucg project than struggle with syngas quality issues and resultant huge capex reuirements to go straight to Coal to Liquids, like others in the sector?

Why are the more ambitious in the sector dropping further and further behind their stated timelines and having raising licks of dilutive capital and lose more time to install equipment to improve syngas quality just to get suitable syngas feed?

Maybe I am old fashioned, but I fancy I remember how the original fable ended.

Perhaps there is a growing realisation in the sector too.

Regards
P'dex