WILDHORSE ENERGY (WHE): Cluff Natural resources Energy has...

WILDHORSE ENERGY (WHE):

Cluff Natural resources Energy has recently been awarded two underground coal gasification licenses in the UK, evidence of growing interest in this form of energy generation. The concept is simple. Instead of hauling the coal to surface and burning it there, it is burnt underground with the resulting gas used at surface to, for example, generate power. Wildhorse has a pioneering project in Hungary, a country with large coal reserves and one that is uncomfortably reliant upon Russian gas supplies.

Wildhorse is now working with E.ON to evaluate the feasibility of constructing a 50MW plant in Hungary.

Following a report that has concluded that underground coal gasification is providing Hungary with an opportunity to develop its extensive stranded coal reserves and that ‘no risks were found that would limit its development’ the Parliament is expected to give approval before the end of October.

In a move to cement its advantage as a European leader in this nascent field Wildhorse has acquired a second licence in Poland while a due diligence study appears to have cleared the way for development of the separate uranium project.

Keep buying at these levels...

Multi bagger in the making.
Time will prove me right.