peter, do you want to know why?, page-81

Just to help clear a few things up for those of you seem a bit confused or in search of some truthful answers:

Eskom commissioned their gasifier and started syngas production on 20 Jan 2007. When they first produced electricity in 2007, it was only 100kw, just using a diesel generator (reciprocating engine) and the electricity was not fed into any electricity grid or sold for profit (it was used to power some lights around the site).

Eskom first fired syngas into 1 of the steam boiler units of the Majuba power station in October 2010 and fed the electricity into the national grid which provided some financial return (reduction in coal fuel cost). They are slowly ramping up the amount of Syngas fed to Majuba power station although it will only ever be co-fired with coal. Due to the design of old coal fired power stations, it is nigh on impossible to convert them to run entirely on Syngas. The maximum syngas provided will be about 50% of the fuel requirement (the other 50% will remain coal). The power station is made up of 6 steam boiler units providing a total of 4.1 GW.

Just because Linc bought Yerostigas, does not mean that Linc (or any of its shills) can honestly claim that they have had a plant running for 50 years. Angren was pretty much shut down when Linc bought it. All of the key personnel with the technology know-how had already left and the 200 staff that remained were just low level personnel who hung around to keep receiving their weekly paycheck (this is Uzbekistan remember). Certainly not people to provide any technology to Linc. IMHO, the purchase of Yerostigas was only to provide details to the market, of a 'plausible' (yet unsubstantiated) UCG technology provider, after Ergo Exergy cut ties with Linc in 2006.

The inference that 'Angren technology' did not work at Chinchilla is also incorrect. The first Chinchilla trial conducted by Ergo Exergy from 1999 to 2003 (well before Bond or any other current Linc staff were involved) was very successful, and at the time was the largest and longest trial ever conducted outside the former Soviet Union. In fact it was that trial that initiated a resurgent interest in UCG in the western world. You might be interested to learn that founder and Director of Ergo Exergy (Dr Michael Blinderman) was one of the head UCG technology experts at the Angren plant for more than 20 years. Like I previously said, such experts no longer work at Angren or with Yerostigas!

IMHO, the reason Linc are on to their 5th Gasifier at Chinchilla is because they gained no technology from Angren or the purchase of Yerostigas. This opinion is also born out by the fact that LNC is attempting to use 'CRIP' based UCG technology, whereas the Angren plant was based entirely on 'Linked Vertical Wells'. CRIP did not exist at Angren. Ergo Exergy used linked vertical wells for the first Chinchilla trial, not CRIP. Eskom uses linked vertical wells, not CRIP. In fact there has never been a commercial UCG operation, EVER, based on CRIP.

And finally, just like another poster on this thread has purported, Linc's liquid fuels were refined in the US, not in Chinchilla as claimed by the company. As I previously said in this thread, I would love to see some proof (or at least legitimate technical facts and figures) from Linc, as to what their gas and liquid production rates and compositions are. It still appears to me that Linc have not proved they have UCG technology or GTL technology.

I suspect that the more informed investors are already well aware of these inconvenient truths which are now reflected in the share price.

Enjoy the can of worms and all the best for now...

Gasious