DrP does it have to be widespread? Are Linc trying to solve the...

DrP does it have to be widespread? Are Linc trying to solve the worlds fuel shortage problems?

Why can't they simply have a new technology that can work, and roll it out as is possible with limited resources and technicians.

Maybe drilling oil was SO easy and profitable for the last 100 years no one needed to do this...below ground.

Isn't this about CTL? My understanding is that UCG is proven and operating in various locations.

Further, above ground GTL is similarly proven and operating.

Linc are looking to introduce a method .

Are yo ugoing to watch the Olympics? Maybe stay up late for the swimming, maybe see an Aussie break a world record. Oh, hang on. If the world records were able to be broken then someone else would have already broken then. And Those new suits won't help them either. If it were that easy then people would have invented them years ago and everyone would be wearing them.

Ditto CTL. Right place, right time.

5-10 years ago peak oil kicks up a gear. China and India increase consumption. Demand rises. price rises, financially viable to invest in new technologies.

If Linc can only produce a barrel for $25, and lets double it to $50, and it requires a Capex of a Billion, then was CTL viable to invest in when oil was $25 a barrell? No.

Was CTL viable to invest in when there wasn't this overwhelming CHINDIA / BRIC energy demand?

Was CTL viable to invest in when the engineers were living safely in South Africa? No

Was CTL viable to invest in when no one gave a sh-ite about buring coal in power stations?

Time and place perhaps have come together to enable this technology to be trialled, developed, and to work.

The only questions I see are

1) Does it work?
2) Can it be upscaled?
3) Are they able to manage the wells?
4) How will they distribute the fuel?
5) How will they fund the Capex on a plant?
6) What effect will it have on groundwater?
7) What carbon footprint will it have?

The arguments about "why isn't it happening elsewhere" are redundant today. The exact same can be levied against deep sea drilling, shale and tar oil, hyro, geotherman, wind, and on and on.

I admit I don't know the answers to those questions and really, how would any of us here know the answers to them?

We're talking extreme IP and cutting edge technology. We're talking massive breakthroughs here. Hence my comment on this is the stuff wars are and will be fought over.

To that end the only questions that will matter to our government and its "working families" (are my wife and I the only ones laughing out loud when we hear this tired cover all phrase?) and global investors are issues 1,2 & 3.

Perhaps being in the investments game I have an understanding of "whatever it takes" and that global players as not as conscious of the "triple bottom line" as we might imagine they are.

IF this works, we can forget the effect on the environment. This is what other countries will say to us, they'll say "you can have ALL of western nebraska and do what you want with it", or "you can have ALL of eastern quinxian province and the dirty coal we got sitting there(doesnt exist btw).

We're litterally talking turning water into wine, coal into liquid gold. money on a tap.

Personally, I have absolute confidence in the guys from Linc that they aren't building a big plant in the middle of nowhere, and raising hundred million plus in THIS environment, if they don't know explicity about 1 & 2. Q3 I do not know, but can't imagine that this would all of a sudden come to their awareness...this late in the game.

cheers