Tanbianyi,The Significant Project Status was declared after LNC...

Tanbianyi,

The Significant Project Status was declared after LNC dumped Ergo Exergy for charging exorbitant fees. Some of these fees are being challenged. CXY will now be paying these high fees, with what?

LNC replaced Ergo Exergy with the Skotchinsky Institute from Russia. It was the Russians that taught Ergo Exergy how to perform UCG in the first place.

“We don’t care why and how Dr Len left LNC.”

You should, if he couldn’t commercialise UCG at Chinchilla what chance does he have at commercialising it at Kingaroy. Ask yourself, why couldn’t Dr Walker and Ergo Exergy commercialise UCG at Chinchilla in 6 years?


Poyndexter,

Linc Energy was not originally going into CTL so the price of oil has nothing to do with why Dr Walker could not commercialise UCG.

Ergo Exergy is quickly being overtaken by LNC.