Mattybuoy Posted August 27, 2008 Report Share Posted August 27, 2008 Linc Energy (ASX:LNC) is due to produce the first diesel from its trial UCG (Underground Coal Gasification) to GTL (Gas To Liquids) plant in Queensland in about a week's time. This is the first attempt to commercialise CTL (Coal To Liquids) technologies in the Western world outside South Africa, and it seems to be working. Linc now has a market cap well in excess of A$1bn, and has had no problems getting substantial funding. The projected production cost for a barrel of diesel is $35. http://www.lincenergy.com.au I think this is just the first of many many iniatives we will see going forward around the world. There a bunch of other ASX stocks following in the slipstream, most notable of which are Carbon Energy (ASX:CNX) and Cougar Energy (ASX:CXY). Then, if you want London exposure there are two companies, both with projects in Australia. Altona Resources (LSE:ANR) and Spitfire Oil (LSE:SRO). Link to comment Share on other sites More sharing options...
Mattybuoy Posted September 8, 2008 Author Report Share Posted September 8, 2008 On Friday Linc announced the sale of a "surplus" metallurgical coal deposit to the Chinese for A$1.5bn. This will enable the company to fund all its activities for the forseeable future including the development of the initial 20,000 bpd Chinchilla UCG->GTL plant. http://www.lincenergy.com.au/pdf/asx-94.pdf Updated broker research: http://www.lincenergy.com.au/pdf/analyst-17.pdf Link to comment Share on other sites More sharing options...
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