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LNC - Linc Energy

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mattryanshares said:
LINC ENERGY CONTINUES MOU WITH BP AUSTRALIA
Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it will continue its Memorandum of Understanding (MoU) with BP Australia Pty Ltd.
The MoU entitles BP Australia to take at least 70 per cent per day of produced synthetic diesel fuel from Linc Energy’s Underground Coal Gasification (UCG) to Gas to Liquids (GTL) facility proposed for South Australia. This is the equivalent of about 14,000 barrels each day.
“I look forward to continuing our strong relationship with one of the world’s most recognised energy companies,” said Bond.
Linc Energy owns and operates the world’s only UCG to GTL facility and has proven the in-situ conversion of solid coal to gas for cleaner synthetic fuel production. The facility is based near Chinchilla in Queensland.
“Linc Energy is leading the way in UCG for cleaner energy products. Our Chinchilla Demonstration Facility places the company in an ideal position to commercialise UCG to fuel the future for generations to come. And with Linc Energy’s push into the USA expanding each quarter, I expect UCG to GTL (fuel) to play a big part in North America’s and Australia’s energy mix in the very near future,” he said.
For more information visit www.lincenergy.com.au or contact our office on +617 3229 0800.
Click to expand...

Nothing new here.
Both companies have nothing to lose with this scenario.
Better news would have been a BP/Linc JV, to get the business moving.
I'm frustrated Linc continue to keep tight lipped, regarding the condition of the Chinchilla site, following the unfortunate floods :banghead:

LNC holder.
 
Atomic said:
well its a start , read the ann and its says bp will take 70% of daily production,
so daily production os approx 20k barrels @ $100 (rounded) = $2million ,
then 2M x 365 days per annum = $730 ,

ruff math but hey , i like em anyway
Click to expand...

Yes it would be a nice start Atomic, but me thinks the left side of the equation( into the forseeable future) makes the right side =..... not much.

Were not frustrated, were not frustrated, were not frustrated.....
 
teabagger said:
Yes it would be a nice start Atomic, but me thinks the left side of the equation( into the forseeable future) makes the right side =..... not much.

Were not frustrated, were not frustrated, were not frustrated.....
Click to expand...

teabagger
was meant to read
$2million x 365days = $730million , again ruff math.
but that excluding any other revenue streams so, again need to more math on the potenial earnings of linc
 
27 January 2011
LINC ENERGY ACQUIRES MORE COAL IN ALASKA
● Linc Energy acquires 181,414 acres of UCG coal exploration licences in Alaska
Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that it has been successful in its tender to the Alaska Mental Health Trust Authority for the grant of 181,414 acres of Underground Coal Gasification (UCG) coal exploration licences in Alaska.
Linc Energy has been advised by the Director of the Trust Land Office (on behalf of the Alaska Mental Health Trust Authority) that, following a competitive bidding process, Linc Energy has been awarded 100% of the UCG exploration program licence area for which it tendered.
 
Whats happened to LNC today?? Apparently good news yesterday with with new coal licenses in Alaska and in response today the share prices drops 20 cents and sells as low as 2.36???

Whats happened? What did i miss???
 
mattryanshares said:
Whats happened to LNC today?? Apparently good news yesterday with with new coal licenses in Alaska and in response today the share prices drops 20 cents and sells as low as 2.36???

Whats happened? What did i miss???
Click to expand...

That was yesterday's news and the market didn't react very much to it yesterday. I can only think there must be some other reason for today's negative sentiment. OTOH could be an opportunity to top-up today.
 
Probably a decent trade on offer with share price landing in the support zone. If that's broken next level would be ~$1.70-$1.90. If we ever get there the fundamentals will make it a bit of a no-brainer.

20110128 LNC.png
 
YELNATS said:
That was yesterday's news and the market didn't react very much to it yesterday. I can only think there must be some other reason for today's negative sentiment. OTOH could be an opportunity to top-up today.
Click to expand...

This is the link to DERM Media Release today-
http://www.cabinet.qld.gov.au/MMS/StatementDisplaySingle.aspx?id=73436

Part of the Media Release with the reference to LNC highlighted-

"Ms Jones today said that the independent scientific panel report into the Cougar Energy operations at Kingaroy supports the department’s decision to close down the trial at the Kingaroy site.

The report stated that "the Cougar Energy trial not be reignited" and "Cougar Energy did not act sufficiently rapidly to shut down the facility when changes to infrastructure were first observed."

Ms Jones said the independent Scientific Expert Panel report into Linc Energy’s trial plant near Chinchilla recommended that Linc Energy pilot continue as planned and said the company was able to demonstrate a significant technical capacity.

The Minister said DERM had not finalised its investigations into Carbon Energy’s plant at Kogan and an Environmental Protection Order preventing further gasification by Carbon Energy’s UCG plant would remain in place.

"The order was issued in July 2010 following the release of waste water to land at the site," she said.

"While investigations indicate no ongoing environmental harm has occurred, these investigations will continue into the cause of this incident."

Ms Jones said the department is working through all recommendations of the Scientific Expert Panel reports.

The Panel will provide its final advice to Government on the technical viability and environmental sustainability of a large scale UCG industry in Queensland at the end of the trial."
 
Media Release from QLD Government

We are pleased to advise that an announcement was made today by the Queensland Government specifically referencing the operations of competing UCG companies in Queensland. We note the very positive comments also contained in the media release regarding Linc Energy confirming the continued operation of our Chinchilla pilot plant in Queensland. In the Media Release, the Queensland Minister for Climate Change and Sustainability advised that a recent report by an independent Scientific Expert Panel commissioned by the Government recommended that “[the] Linc Energy pilot continue as planned” and concluded that “[Linc Energy] was able to demonstrate a significant technical capacity”. [Emphasis added]
We confirm that the Company is not subject to any environmental evaluation notices in relation to its Chinchilla operations and that DERM informed Linc Energy on 16 December 2010 of its decision to accept the Linc Energy submissions in relation to all recent requests for information without any further action.
Please click here to view the full copy of the Media Release issued this morning by the Minister for Climate Change and Sustainability, The Hon Kate Jones.
Email: linc@lincenergy.com.au
Phone : (07) 3229 0800
Fax : (07) 3229 6800
 
Mickel said:
This is the link to DERM Media Release today-
http://www.cabinet.qld.gov.au/MMS/StatementDisplaySingle.aspx?id=73436

Part of the Media Release with the reference to LNC highlighted-

"Ms Jones today said that the independent scientific panel report into the Cougar Energy operations at Kingaroy supports the department’s decision to close down the trial at the Kingaroy site.

The report stated that "the Cougar Energy trial not be reignited" and "Cougar Energy did not act sufficiently rapidly to shut down the facility when changes to infrastructure were first observed."

Ms Jones said the independent Scientific Expert Panel report into Linc Energy’s trial plant near Chinchilla recommended that Linc Energy pilot continue as planned and said the company was able to demonstrate a significant technical capacity.

The Minister said DERM had not finalised its investigations into Carbon Energy’s plant at Kogan and an Environmental Protection Order preventing further gasification by Carbon Energy’s UCG plant would remain in place.

"The order was issued in July 2010 following the release of waste water to land at the site," she said.

"While investigations indicate no ongoing environmental harm has occurred, these investigations will continue into the cause of this incident."

Ms Jones said the department is working through all recommendations of the Scientific Expert Panel reports.

The Panel will provide its final advice to Government on the technical viability and environmental sustainability of a large scale UCG industry in Queensland at the end of the trial."
Click to expand...
So it seems any bad news about the other UCG players is a bullet for llinc as well.
Trying to read between the lines but with no insight !!!
Have i missed something big with lincs' sp ?
Keep reminding myself that linc is global energy producer, not just a driller or digger!!!
It has an operational facility in europe. It is expanding into canada securing its position into the north americas market , an upcoming South Australian operation coming online , is aligning itself with the major players with supply uptake agreements, cutting edge tech which can be rapidly deployed to site (modular plant design). EOR ,EOR is like wringing the ducks neck for another golden egg!!!!!
What have have i missed ,?????
 
All resources were down! Fear of the asx crossing the 4800 mark profit taking, lyc was down 9cents as well! I took a flogging! Monday will be a good day????
 
mattryanshares said:
I dont get it either? Is Linc associated with Cougar Energy?
Something is going on be it panic or something else?
Click to expand...

My understanding is that the Qld goverment is monitoring the environmental impacts of three UCG trials in Qld - one by Cougar, one by Linc and the other by Carbon Energy.

Put very simply, current reports by the Qld goverment are very negative about Cougar's project and they have not authorised it to proceed any further, while Carbon Energy's is still subject to their further review. However, they have commented very favourably on and appear very happy so far with Linc's project.

I don't think Cougar has any connection with Linc, and in fact they are competitors in the UCG field. As such, the announcements this week from the Qld government will strenghthen Linc's competitive position in Queensland.

As is often the case however, the market doesn't see things that way and it tends to tar all players with the same brush, so the decline in Linc's share price this week can be seen as an opportunity to make an entry or to top-up at a favourable price.

This is only my view and interpretation, if I'm wrong, please correct me.
 
YELNATS said:
My understanding is that the Qld goverment is monitoring the environmental impacts of three UCG trials in Qld - one by Cougar, one by Linc and the other by Carbon Energy.

Put very simply, current reports by the Qld goverment are very negative about Cougar's project and they have not authorised it to proceed any further, while Carbon Energy's is still subject to their further review. However, they have commented very favourably on and appear very happy so far with Linc's project.

I don't think Cougar has any connection with Linc, and in fact they are competitors in the UCG field. As such, the announcements this week from the Qld government will strenghthen Linc's competitive position in Queensland.

As is often the case however, the market doesn't see things that way and it tends to tar all players with the same brush, so the decline in Linc's share price this week can be seen as an opportunity to make an entry or to top-up at a favourable price.

This is only my view and interpretation, if I'm wrong, please correct me.
Click to expand...

I agree wholeheartedly Yelnats.

The Qld Govt has a bias towards the Coal Seam Gas industry despite the fact that UCG can extract about 20 times as much energy from the same coal seam. This was clearly indicated when the Govt ruled in favour of CSG on some overlapping tenament areas. (I think CSG had petroleum leases and UCG had mining leases).

This was one of the reasons that LNC established other developments in Australia and subsequently around the world. (ie they wouldn't be beholden to one Govt with a bias against UCG).

Two other points-
1. The Cougar MD, Dr Len Walker started Linc Energy around 1996. Some time after Peter Bond came on board, they had a falling out (as I understand) and Walker left and set up Cougar Energy. They have no current relationship apart from each having UCG trials.
2.LNC's technology and practices are far superior (and more costly) than Cougar's. This is particularily so with the wellheads where LNC's are more stable and secure. This, as I understand, was one of the main failings of Cougar.

LNC holder
 
It will be interesting to see how the $2 billion figure is made up, is it cash upfront? or is it really $2b.

Good to see hunger for more coal. The loosers will be more eager to make a deal elsewhere.

http://af.reuters.com/article/energyOilNews/idAFSGE70S00C20110129

GVK Power submits $2 bln bid for Hancock Coal's mine - report
Sat Jan 29, 2011 6:08am GMT Print | Single Page[-] Text [+] MUMBAI Jan 29 (Reuters) - GVK Power & Infrastructure has submitted a $2 billion preliminary bid for a controlling stake in a coal mine owned by Australia's Hancock Coal, a report in the Economic Times newspaper said on Saturday.

The Indian firm, which focuses on energy and transportation projects, is among six bidders shortlisted in an auction process conducted by privately held Hancock Coal for the sale of its Kevin Corner mine in Queensland state, the paper quoted three sources close to the development as saying.

Kevin Corner is estimated to have coal reserves of around 4.3 billion tonnes, according to Hancock Coal's website.

The mine currently has a capacity to produce 30 million tonnes a year and is likely to be productive for the next 30 years, the paper said.

GVK is the only Indian company that has been short-listed. The other bidders include Chinese and Japanese power companies, according to one of the sources.

The auction, which is currently at a preliminary stage, could see an outcome within a month's time, a banker close to the deal was quoted as saying.

GVK has been scouting for coal mines for the past two years as it plans to secure its fuel supply for the power projects it currently operates but has so far failed to clinch any deal.

The spokesperson from GVK and an official from Hancock declined to comment on the newspaper report.

(Reporting by Nandita Bose; Editing by Miral Fahmy) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
 
The rapid decline in the Linc sp seems based on no obvious reasons. However the lack of info regarding the condition of Lincs Chinchilla demo plant. No news on the drilling results from Lea 1 in Alaska, is probably frustrating investors, including myself.
It's great the company are buying up the rights in Alaska etc, for the future, but some times it pays to walk before you run. (IMHO)
Linc remain a long way off generating a revenue stream, let alone the company target of 1 billion.
Having said all that, we are only one month into the year.

Fingers crossed that the upheaval going on in Egypt etc, doesn't spread to Saudi or turn into major civil upheaval, for the sake of the global markets, and the citizens within those countries of course.
 
dogeatdog said:
The rapid decline in the Linc sp seems based on no obvious reasons. However the lack of info regarding the condition of Lincs Chinchilla demo plant.
Click to expand...


Hi Dogeatdog, if you are very concerned about the condition of the plant, you can try emailing Linc with some specific questions, they are pretty informative.

I am interested to see the asx short sell data for the 28th Jan 11, to see if the share price had a helping hand. It must come out on monday..
http://www.asx.com.au/data/shortsell.txt


Regards,
Jonathan
 
mattryanshares said:
I dont get it either? Is Linc associated with Cougar Energy?
Something is going on be it panic or something else?
Click to expand...

Hey Mattry. The only association between Linc and Cougar, maybe Linc taking over Couger for their coal reserves, when their shares hit the dirt on Monday, following Fridays announcement by the environmental agency. (Pure speculation on my part)

As for your "flogging". Hang in there. You'll be rewarded one day. IMHO :)
 

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