peter, do you want to know why?, page-73

George,

See attached article for 6MW

http://www.eskom.co.za/content/Mining%20Mirror_08_2007_UCG_Majuba.pdf

As I mentioned Ergo don't sell their technology, they licence it.

The fact is George, whilst you can argue the Linc have had "several pilots on the one site" its in the same geological structure and actually the same coal seam unlike Ergo who has now used their technology in 4 different geological settings, in 4 different coal seams and in 3 different countries. Linc's reactor 2,3,4, and 5 using Yerostigaz is in the same geological setting and coal seam Ergo proved UCG would work back in 2000 when Ergo was Linc's technology partner. Linc really hasn't proven anything with their UCG technology in relation to its use in any other geological setting outside Chinchilla or Australia where Ergo has.

This is significant because if you go back as far as the deal with Marubini for Vietnam, Linc still hasn't fired up a pilot plant outside of Chinchilla, yet Ergo has been able to fire up Kingaroy (Cougar) and now Huntly (NZ). What happened to Vietnam and why haven't they fired up one in Wyoming?

Wyoming is really interesting because GasTech had several approvals in place already for UCG trial and it was in a known region where the US UCG trials were held.

With the hundreds of millions invested into Linc so far and the access to coal assets the both own and have agreements to access, why haven't they fired up a second pilot plant somewhere?

I'm not saying Linc's UCG doesn't work, its just not really that far proven in different geological settings and hey have had both the money, time and opportunity to do this...my question is why haven't they?? They are selling the company on their technical and IP capabilities..eg the recent China deal. And link aren't the only kids on the block with GTL technology, in fact their GTL technology is yet to be really proven. There are several international companies with proven GTL technology.

I'm not having a go at Linc as I am at the pathetic management (Bond) who has over promoted, over promised, over committed and completely under-delivered. Linc has such great potential but Bond's obvious EGO is impairing his business acumen and responsibility to shareholders.