announcement is effectively an mou?, page-8

Linc energy is full of hot air!

Note:

"The parties to form a joint venture with the aim to commence construction in China on its first multi-gasifier UCG operation within 6 months of completion of binding legal agreements"

Then in the Sydney Morning Herald today PB says

"I would like to have first gas by the end of the year, but definitely within 12 months of today," he said. China is short gas and short liquids so the joint venture is the perfect segue for the technology into an energy-hungry market."

http://www.smh.com.au/business/linc-teams-up-for-new-technology-20120416-1x3q7.html

So it's now going to take less than 9 months to have the UCG site selected, tested, GTL plant constructed etc etc.

Gimme a spell!