CENTRAL PETROLEUM SE announcement:28th June:see Ticker:CTP
LINC gets a mention! For those of you that have not seen this you may enjoy some light reading on a quiet day!
Today technology based projects are increasingly becoming mainstream and we expect many more to appear across the globe in the next decade. Current examples of UCG projects in existence and planned near term include; ? Yerostigaz, 50 years of UCG for power generation in Uzbekistan (now majority owned by Linc Energy Limited, of Australia); ? Chinchilla, 10 years of UCG operation in Queensland Australia, including 3 years of liquids production (100% Linc Energy). ? Eskom, the South African government?s power utility has been conducting UCG trials for many years and is presently co-firing a power station with UCG derived Syngas as well as coal. ? Eskom have announced its intention to develop a 2,100 MW 100% UCG fired power station in South Africa. ? Linc Energy plans multiple UCG/GTL projects (power generation and liquids production) starting with Wyoming in the December half 2011 and rolling out other UCG projects across coal assets in Alaska, Australia and Asia.? In concluding, David Shearwood stated, ?ARP is pleased to be working with CTP who over a decade ago set about exploring Australia?s remote interior in a brilliant forward looking counter cyclical strategy.
LNC Price at posting:
$2.76 Sentiment: LT Buy Disclosure: Held
