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Def Sec Infosystem
HUNGARY Energy News
A USD 520 mn clean coal technology project planned in Hungary with Japanese participation
30 Jan 2014
A delegation of the Japanese New Energy and Industrial Technology Development Organization (NEDO) is expected to arrive in Hungary in February to talk about opening a USD520 million complex (a thermal power plant...)
More evidence that Hungary means serious business with Clean Coal Technology. First the UCG legislation announced a few weeks ago and now a $520 million dollar Clean Coal Technology Project.
WHE first mover advantage is looking more and more promising.
Nice summary by Beaufort Securities
Wildhorse Energy (WHE, 3.4c – Speculative Buy)
The inclusion of UCG within the existing Hungarian mining law as a mining method is likely to benefit Wildhorse’s UCG projects in Hungary. The UCG technology offers multiple economic and environmental benefits and the current update would facilitate Wildhorse in availing them. The prominent coal reserves in Hungary add further prospectivity to the project. Securing of a strategy partner would play a crucial role in the company’s further progress on the UCG projects.
We feel that the company possesses a strong near-term upside potential and thus, reiterate a Speculative BUY on the stock
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