If russia annexes eastern Ukraine (where the coal is) then in time Poland could supply western Ukraine gas from UCG and turn geopolitics on its head.
If Poland is putting up the money for the trial and fast tracking to commercial production this would be a great news story for Linc.
If Linc has to pay for everything in the project then this looks like fairy floss from PB. Sugar hit news headline with no commercial substance. Linc has insufficient funds, great assets and good ideas. Linc needs cash not more ideas to move forward.
Which will be built first? Wyoming, South Africa or Poland? Which will go commercial first? I say nothing will be built till Linc receive some kind of cash injection from asset sale, dilution via share issue, Farm in deal in Umiat or Arck, or a left field lucky strike of major oil find in Arckaringa or Gulf coast. Maybe with Adani funds they could advance a UCG project after 2020?
The concept and potential is as usual fantastic. What money to make it happen?
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If russia annexes eastern Ukraine (where the coal is) then in...
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