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What is it really worth?, page-116

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Hawker074

104 Posts.

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08/03/19

09:55

Post #: 37695135
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Originally posted by woltage: ↑

Oh dear, this guy

They aren't using new technology, UCG (underground coal gassification), same thing as ISG, is decades old.

From the LCK website:

"ISG is not a new technology or process, and because it has successfully operated in many demonstration sites and commercial operations in several countries over many decades, its benefits are well documented."

Decades old technology, yes, but primarily used in Russia. Pulling the following from memory: UCG was invented by the Russians to create diesel during WW2, when oil was hard to come by. How stringent were/are Russia's environmental regulations?

LCK will be using the same UCG process as Linc (who also used Russian technology, and also spruiked UCG as "decades old"). CSIRO are an entity who HAVE improved on the process (used by Carbon Energy, CNX), I suggest you look them up to see how they're going.

Anyhoo, my main point is: Don't listen to this guy (he's a blatant ramper, let him lose all his money but not yours) and DYOR.

LCK only have environmental approval for their demonstration plant. From LCK November presentation: South Australian legislation specifically contemplatesand outlines approval pathway for ISG projects (S 35,Petroleum and Geothermal Energy Act, 2000). I suggest people read it.

It's all about environmental approval...

Expand

http://www.energymining.sa.gov.au/petroleum/projects/prj_leigh_creek_energy_isg

have a read

LCK Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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What is it really worth?, page-116

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What is it really worth?, page-116

Top Stories

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