PCE pinnacle vrb limited

Len Walker and co. couldn't get Linc off the ground even after...

  1. 446 Posts.
    Len Walker and co. couldn't get Linc off the ground even after the pilot burn. If the pikot burn was so good why did CS Energy force Linc to shut down the pilot burn? Was it the technology from canada that didn't work propoerly or was it bad management or a combination of both? Considering that the latest MD (Bond) managed to get it off the ground when it was all but sunk I think the answer is obvious. Walker and co are now trying to get Pinnacle (Cougar) off the ground and they don't even have an approved mdl, even the tennements aren't theirs. Atleast Linc owns the tenements. Where is the value in Pinnacle? It will take Pinnacle 9months to get an MDL (which is required for a pilot UCG plant) or 12 - 18months to get an ML if they skip a pilot plant and go straight into a commercial plant. Linc is atleast 2years ahead of Pinnacle. And given the fact that Walker had control of the company from its beginning in 1997 to May 02 and couldn't commercialise it, I think he still won't be able to commercialise UCG with Pinnacle. Look at the factual history and also ask Walker why he was asked to leave in 2002 by CS Energy.
 
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