LNC 0.00% 99.5¢ linc energy ltd

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  1. 6,298 Posts.
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    Excellent news. I wasn't able to say what I'd heard before now, but with the commencement of the burn the problems have obviously been solved.

    There was, according to several people I know involved with the project more closely than I was, a problem with the cement they were using to seal off the boreholes. It was related to the cement failing at the temperatures needed for the process to work. The Uzbeks were stumped because they'd never encountered it before - maybe Uzbek cement is different from Australian cement. :P Also, the people responsible for the original burn (Len and Michael) are of course no longer involved, so they weren't around to ask for advice.

    This problem has obviously been solved if bringiton's information is correct (and I have no reason to doubt it).

    Capman, this was what I refering to when you accused me of downramping and having ulterior motives. I trust that now the matter is settled!

    It is really not that surprising that it happened, because it's well known that cement weakens at high temperatures. Oil drilling encounters the problem all the time, and at temperatures a lot less than that caused by UCG. Apparently Linc ordered some special (but very expensive) cement that was developed for cementing oil holes at high temperature, out of Houston.

    It may be that this cement worked. But I'm out of the loop now so I don't know any more.

    Interestingly, both these events prove that the Chinchilla site's confidentiality is leaky as a sieve. The massive crash of Linc's share price occurred within 24 hours of my information, which shows it obviously got out to the wider market the same time it got to me.

    And now Linc's share price has rebounded strongly in the last few days (up nearly 20% in the last week), just as bringiton tells us the UCG program has commenced.

    Coincidence? Well, maybe. But given how leaky I know Chinchilla to be, I think it's likely confidentiality at the Linc site is lost.
 
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