Ironfist,Thanks for the post on the LNC thread. Below are some...

Ironfist,

Thanks for the post on the LNC thread. Below are some interesting quotes from the announcement:

“If the process can be applied to the brown coals and the product gas used in combined cycle power plants, the potential exists for achieving low power costs in association with lower greenhouse gas emissions, as well as the production of a low cost feed gas for the liquids plant.”

Key phrase: “If the process can be applied to the brown coals” - I guess nothing is certain in this game, is it.

“In the event that Cougar Energy gives notice that the potential for a UCG project exists in Designated Areas within EL4416, the parties will form a 50:50 Joint Venture to pursue its development.”

Where are they going to get the money from? Not another capital raising. How many shares will that take it up to, a billion?

It is nice to see that Dr Walker is now starting to follow LNC’s lead though.