Peter Bond, Linc Energy few days ago..“The reality is that UCG...

Peter Bond, Linc Energy few days ago..

“The reality is that UCG is now developing as a global industry. Queensland may have given birth to what is a fast growing energy platform, but it is other nations that are short of gas yet have substantial coal resources that will benefit, such as Poland, China, Hungary, Ukraine, South Africa and Vietnam to name a few.

“This is an exciting time for Linc Energy and its Clean Energy Division. With Asia requiring huge amounts of gas and Linc Energy’s ability to produce clean (synthetic) natural gas, this move signifies a material step towards the recognition of UCG as a viable, economic and efficient process of gas production on a global scale. -

See more at: http://www.lincenergy.com/investor_linc.php?articleId=148#sthash.5XCYbtr8.dpuf

Reminder...few weeks back

Wildhorse said that its search for a strategic partner for the underground coal gasification project was continuing and that it had decided to reduce its costs in line with securing a partnership.

Linc Energy a possible new strategic partner?

The ASX announcemet by WHE on 7th Aug says it all.....

"the company has recently entered into a non-binding, indicative term sheet with a third party in respect to the steps to progress, and the broad parameters of, a potential conditianal corporate level transaction..."
Note that this is not with E.ON, but with another 3rd party entity.

With UCG going global and Uranium price to double
WHE at 1.9c is a multi bagger in the making

I expect JV announcement plus UCG approval soon