ucg technology questions, page-4

GI,

On the last question, what does the possibility of 'superior' technology have anything to do with it? I am only interested who has the best cost/performance results. Linc are sinking squillions into what? What do they have to show for it.

If anything, you are highlighting how 'expiremental' Linc are being with their technology.

I am sure experimental is not a category Linc wants to fall into, especially in the investors eyes who they are currently heavily relying on to keep funding the experimentation. Ok so maybe it isnt experimenting, lets call it research. So it is 2010, and what are the results of that research?

Just like any development program, public or private, there is only so long funds will be sunk into a project without results. But we are not talking a government program here are we? We are talking a publicly listed company that lives off market capital bought by its prospective capital. That prospectivity can be damaged when expectations are not met.

Your agenda oozes out through your rhetoric. Nonetheless it is a good set of points you raise. Maybe a little bit above this forum without any papers or information that allows a direct comparison.

As an investor, I am far more concerned with risk (perceived or real) - than who has the absolute best technology. As I mentioned above, the lack of progress at Linc Energy since LW left is disappointing. To contextualise my criticism on progress, it is now 2010 and they have had several years and 100s millions dollars go through that place with no income generating projects put in place. Instead they have delivered a drawn out set of expectations that have not been met; not met by the people who set them.

My capital is not interest in alchemy. Is yours?

At the moment, I think Cougar represents the best path to commercialisation for UCG. No illusions of grandeur there, just burn it, build it and bank it.

Linc had better focus on selling those deposits because their "possibly more advanced" technology is not exactly generating them any forseeable income is it. Their prospectivity capital having been knee-capped by the man at the helm. That way they can stop sponging off the market to carry out their experiments. Sooner they come up with the sale the better.

Cheers,

SF

(PS: I only hold Linc and Cougar as UCG companies - I dont hold Linc for its UCG prospectivity either)