The Aus article also states that it is Carbon Energy-
"Carbon Energy requested a trading halt on Monday after the report was released.
It said it agreed that a decommissioning plan for underground coal reserves should be developed.
"However, the requirement to demonstrate decommissioning before a commercial facility can commence reflects a 'no-risk is acceptable' approach which sets a higher standard than that applied to other resource industry projects in Queensland," the company said.
The company said it agreed with most but not all of the report, noting that it had conducted further work since being asked to supply information 12 months ago.
The company said it had ceased all gasification at the trial site as a prerequisite for the decommissioning phase, which has been under way since October last year, and had also engaged with the government on the draft framework for decommissioning.
"It should also be noted that decommissioning of UCG has already been successfully demonstrated in the US," it said. "
PB also said in their announcement- “We have already begun preparations for decommissioning of a gasifier at Chinchilla and see that as a very straightforward process,” Mr Bond said.
And in the same announcement Adam Bond, President Linc Clean Energy stated- “Although the Company does not agree with some content in the Report we welcome the independent recommendations of the ISP and we look forward to demonstrating our decommissioning processes as planned, in due course.”
LNC Price at posting:
$1.07 Sentiment: LT Buy Disclosure: Held
