why the big selloff, page-67

Steven,

“well, at 1.6 billion mc, what is a spec pilot plant worth?”

What you should be asking is: What value do you put on the biggest UCG company in the world and what potential do you put on UCG?

Mikayla,

“Alot of money will find its way to CXY. CXY will eventually become the number one player. Technicals are very important and technically CXY via Ergo Exergy and Len Walker are far more superior technically.”

LNC has its own in house UCG expertise and does not require an external service provider like Michael Blinderman who, I have been told, learnt everything he knows from Yerostigaz, now owned by LNC.

An ex employee of LNC once stated that Len was asked to leave LNC by CS Energy, their JV partner at the time due to a lack of progress with the project. If that is true, I hope history won’t repeat otherwise the deal with Direct Invest might fall through.

Ballbreaker,

Yes we know about GLF, but thanks to the efforts of PPH it has been discovered that above ground gasification CTL plants cost about $3 Billion to build, by using UCG LNC’s commercial plant will cost about $800 million. The WTW GHG emissions from above ground gasification CTL plants are about 108% worse than traditional oil refining, by using UCG LNC can reduce that to about 8%. The cost of a barrel of deisel from above ground gasification CTL plants are about $50 more once carbon trading comes in. LNC’s price is about $28 per barrel. That why there is so much excitment about what LNC are doing.

Gary,

LNC is using the biocleancoal algae option to remove CO2.

From the Australian article:

Most of these companies claim their technologies are clean, but this is because the diesel produced is free of sulphur and other contaminants.
In a recent speech, Mr Ferguson said coal-to-liquids technology would "soon be real" in Australia, referring to a pilot project by Linc Energy at Chinchilla in western Queensland that uses an underground process to turn coal to gas, which is then converted to liquid fuel.
Linc aims to produce in large quantities, predicting 20,000 barrels of diesel a day from its operation.
The company is in the process of completing an environmental impact assessment, and plans to begin construction of a commercial plant next year.
A spokesman for Linc said its underground technology was vastly cleaner than the above-ground coal-to-liquids technologies that were developed in NaziGermany and have been used around the world, including in South Africa during the apartheid era.
"Above-ground coals-to-liquids create 98 per cent more CO2 than the regular production of diesel," the spokesman said.
"Our below-ground process produces only around 8per cent more emissions than regular diesel production - and the fuel that we produce is cleaner," he said.
"Producing liquid fuels from coal in an above-ground process definitely has a far higher carbon footprint than producing normal diesel, but our underground processes are significantly cleaner because the coal is not mined and the gasification process does not require an energy-intensive process of heating the CO2."