Some how I don't recall saying the Uzbekistan technology was totally different (After all it's still UCG) but I did say they've proven it works (for 40 years in fact) to do what you obviously doubt but what I did say is it's thought to be inferior to the Carbon Energy/CSIRO more recently developed technology.
Don't listen to everyone that posts here, that even goes for a joker like myself!
Have you actually read any of the history of cnx or searched for information on this subject (UCG)?
I've taken a bit of the leg work out of it for you just incase you only only get your info here so here's a little info taken from the last Carbon Energy Limited
Annual General Meeting of Shareholders
Andrew Dash Managing Director
Better you understand what it is you're attempting to talk about I think.
25 November 2010 12 Month Review -Progress
In December 2009 Carbon Energy, in a world first, obtained independent certification of its UCG syngas reserves in accordance with SPE Guidelines;
GROSS GAS VOLUMES (PJ)
?
1P Reserve (Proven) 11.0
?
2P Reserve (Proven + Probable) 743.9
?
3P Reserve (Proven + Probable + Possible) 1,042.8
The reserve estimates were compiled by Mr Timothy Hower of MHA Petroleum Consultants, Colorado, USA, a qualified person underASX Listing Rule 5.11. The 2P reserves identified by MHA are centred on the southern half of Carbon Energy?s MDL 374 and are contained withinanarea which is approximately 20% of the MDL. Consequently, there is significant potential to add to these reserves within the MDL through additional exploration drilling.
11
1. resource
12 Month Review -Progress
?
Panel 1 Technical learning's from the controlled decommissioning to demonstrate the full life cycle of a UCG panel commenced in June.
?
Panel 2 Re-engineered anchor point, below and aboveground construction completed in August 2010.
?
Panel 3 Completed September, on schedule and on budget.
When commissioned in 2011, allows the Company to demonstrate multi-panel operation required for higher volume projects.
12
2. technology
12 Month Review -Progress
13
2. technology
?
Construction of phase 1 -5MW Power station
?
Panel 2 aboveground infrastructure connection to Power station in place
?
Gas engines tested
?
Powerline inter-connection to local grid -to be completed
14
?
Agreement signed in December 2009 with Antofagasta Minerals S.A. to jointly assess and develop a coal deposit in Mulpun (near Valdivia)
?
Located in southern central Chile, 800km south of Santiago Focusing on Power Generation
Chilean electricity demand growing by 8% p.a
Currently reliant on imported coal, LNG and Diesel
?
Site evaluation completed for the trial project including seismic assessment and syngas production modeling.
?
Completing a detailed work plan and budget for the initial trial project,
?
Local Environmental Approvals received in August 2010
?
Market study completed
12 Month Review -Progress
3. markets
2011 ?next 12 months
5MW Power Station (Phase 1)
?
Commissioning of Panel 2
?
Commissioning of Gas Engines
?
Electricity Generation ?power our site
?
Electricity connection into local Grid
25MW Power Station (Phase 2)
?
Development Agreement already in place with Arcadia Energy Trading
?
Power Purchase Agreement under negotiation
?
Project planning already commenced
15
2011 ?next 12 months
Blue Gum Energy Park (Phase 3)
?
Land Purchased
?
Mining lease application underway
?
Development Agreement signed with
Arcadia Energy for the Development
of a 300 MW Power Station
?
Work to continue on the next phase
pre-feasibility for the production of
Ammonia and Synthetic Natural Gas
16
2011 ?next 12 months
17
Chile Power Project
?
Completion of a detailed design plan and budget for the initial trial project.
?
Front End Engineering and Design due to commence 1stQuarter 2011.
?
Finalisation of Joint Venture structure
?
Initial drilling for pilot project due to commence Q1 2011
?
Construction of above ground facilities
?
Commencement of Commercial Pilot
Summary ?Strategy on track
QueenslandExpanded Resource achieved (JORC compliant) and Gas Reserves
UCG Panels 2 & 3 ?successfully constructed
5MW Power Plant ?due to be commissioned
25MW Power Plant ?project planning in advanced stages
Land purchased (Blue Gum) for future expansion and Mining Lease approvals underway.
InternationalMulpun Energy project underway ?pilot panel to be constructed 2011
Market opportunities are significant and discussions are advanced with key focus on North America, Europe.
18
Thank You
Carbon Energy
Low-cost, low-emission energy has arrived
Andrew Dash -Managing Director
25 November 2010
As for your comment on whether the company has enough money to continue to see it through to generating electricity, well you may have noticed had you read the above info the generators are ready (Been Tested) basically waiting for the DERM approval of which then panel 2 can be fired up, once fired up, the generators which then one would assume, will produce electricity and since there is already a contract signed to sell electricity into the grid, then cnx should be the first company in Australia to earn income from electricity generated from UCG syngas.
Cheers
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