LNC - Linc Energy

[dogeatdog]

That sucks, why do i have to email steve madison to read the report???

Totally agree Matt. If Linc have it on their web site, surely one should be able to read the bloody thing
Marvelous to wake up and be witness to a $3 + sp.. Made my day.

LNC holder.

 

[skivvy]

I agree with you Mr Z, linc does respond quite well to previous technical levels and for this I am happy, it helps to get the probability a little more in my favour. The recent move up was text book with moving averages crossing on increasing volume, RSI moving through the midline and a breakaway gap forming all at the same time. The test of current resistance around the most recent high of $3.05 is significant and a move through here will be a good reason technically to think that higher prices are ahead. A pull back to support around the $2.85 level may occur but I believe the recent price action is due to speculation building around the possible sale of the Theresa tenaments and the sp will build on the back of this speculation alone. If no good news flows or we see the broader market take a downturn then this stock will correct, I am weary of that. Linc has a lot of things going on and the possible sale of the Theresa tenaments may well be the catalyst to ignite the share price going forward with no looking back.

I have been a holder of linc over a few years now but have also traded in and out of the stock as well. I have picked up more shares recently as the technicals were to good to pass up and I also believe, as Mickel does that this stock is a real up and comer and will be a great performer over the next few years. Good luck to all holders.

 

[mattryanshares]

Totally agree Matt. If Linc have it on their web site, surely one should be able to read the bloody thing
Marvelous to wake up and be witness to a $3 + sp.. Made my day.

LNC holder.

Whats more i emailed steve, and joined the madison website with 2 seperate email address, authenticated the account but cant log in!!!
Have since sent email to them explaining what i think of there company and protocols!!!

 

[Jonathan111]

I wonder how Linc is going with its UCG JVs/partnering in india and china..


CIL extends bidding date for gasification project

Thursday, 17 Feb 2011Coal India has extended the deadline for submitting bids for underground coal gasification project on the request of several companies.

To tide over the predicament of commercially exploiting coal blocks located in difficult terrains, country’s biggest miner had put up two of its coal blocks on offer to be developed for underground coal gasification. However, due to requests from various players and consequently lesser number of bids, the company postponed the last date of submission and opening up of the bids from February 10 to February 28.

A source in Central Mine Planning and Design Institute a subsidiary of Coal India, which has the mandate for overseeing the bidding process said that “It is a new initiative and will be requiring a new technology so companies have requested us to extend the date.”

The Thesgora C block, located in the Pench Kanhan coalfield in Chindwara district of Madhya Pradesh, falls under the command area of Western Coalfields.

The second block, named Kaitha block, under Central Coalfields command area, is located in the Ramgarh coalfield in the Ramgarh district of Jharkhand. The company is looking for private players that can develop the blocks and produce gas from them for a period of 25 years.

While the first two years would comprise exploration and preparing a mining plan, the next three years are assigned to run the blocks and produce gas from them on a pilot basis.

After that, these companies will run the block for a period of 20 years. The firms will be solely responsible for producing the gas and transporting them to the desired players.

Mr Anish De CEO of Mercados Energy Markets an energy consultancy company said that “The technology for coal gasification existed for quite sometime but not in India. Russians are the leaders in it. No Indian company has expertise in underground coal gasification.”

According to World Coal Association, UCG is a method of converting unworked coal into a combustible gas which can be used for industrial heating, power generation or the manufacture of hydrogen, synthetic natural gas (syngas) or diesel fuel.
http://www.steelguru.com/raw_material_news/CIL_extends_bidding_date_for_gasification_project/191519.html

 

[Jonathan111]

Linc Energy has confirmed that it will push ahead with the start up of phase two of the Alaskan natural gas drilling program by the middle of this year

I thought they may have been able to start sooner than mid year... :bloated:
I wonder why it would take so long... Too cold?

http://www.rigzone.com/news/article.asp?a_id=104057

 

[Jonathan111]

This doesnt sound too good.. Unless Linc win the CIL tender

Maybe Linc has the money to go it alone?


ASX ann

Carbon Energy announces MoU with Adani Group in India
Carbon Energy Limited (ASX:CNX) is pleased to announce that it has signed a Memorandum of Understanding (MoU) with Adani Enterprises Ltd (Adani), a member of the Adani Group of India, for the purpose of establishing a joint venture in India to pursue Underground Coal Gasification (UCG).
The first opportunity that Adani and Carbon Energy will explore has arisen as a result of Coal India Limited (a Government of India Undertaking) operating a tender process in which Indian coal firms have sought UCG technology partners to participate in joint venture development of UCG interests. The MoU facilitates the partnership between Carbon Energy and Adani to jointly participate in this tender submission.
Andrew Dash, Managing Director, noted that partnership with Adani brings significant benefit to Carbon Energy. “Carbon Energy will now be pursuing projects on three continents with the addition of India to our existing interests in Australia and in Chile. Adani is a major player in the Indian coal and power industries and has already established itself in Queensland, Australia. We are looking forward to working with Adani to build Carbon Energy’s UCG project base in India”.
Harsh Mishra, Adani Group’s President - Corporate Planning commented “Adani has selected Carbon Energy as our technology partner for this important submission to Coal India as it is the leading proponent of UCG globally and it has superiority in UCG technology based on extensive research conducted in conjunction with Australia’s CSIRO. ”
The Memorandum of Understanding is for a period of 18 months during which it is anticipated that Adani and Carbon Energy will jointly prepare and submit a bid to establish a UCG project on Coal India tenements in India. If the bid is successful, Adani will bear all costs throughout the exploration phase, including Carbon Energy’s reasonable costs, until exploration has been successfully conducted and a suitable UCG resource established. Adani and Carbon Energy then anticipate forming a joint venture company in India in which Adani will have a 75% share and commitment and Carbon Energy will have a 25% share and commitment.

 

[dogeatdog]

This deal may inadvertently help Linc in the longer term, bringing further exposure to the concept of GTL etc, as a credible source of producing energy.
Adani are obviously a huge player, but competitors may choose to collaborate with Linc, to distance themselves from both Carbon energy, and Adani. (IMO)

Crap week so far for the Linc sp. Volatility to be expected I guess.

Linc holder.

 

[skivvy]

Yes it seems odd for Adani to form a MOU with Carbon Energy after only recently going through all the dealings in buying the Galilee tenament from Linc in August last year. Not sure of why they went this way, but for me this is no big deal and does not change the outlook for Linc. A bit disappointing that they didnt choose Linc but anyway moving on.

 

[dogeatdog]

Yes it seems odd for Adani to form a MOU with Carbon Energy after only recently going through all the dealings in buying the Galilee tenament from Linc in August last year. Not sure of why they went this way, but for me this is no big deal and does not change the outlook for Linc. A bit disappointing that they didnt choose Linc but anyway moving on.

Totally agree skivvy, no big deal.
I'm also wondering if PB would be concerned about technology transfer. If Adani are funding the MOU with Carbon energy, they may expect to garner GTL technology, to go it alone in the future.
Historically, the Japanese were good a that game, and now the Chinese, Indians and Koreans are becoming savvy, to save on R&D.

 

[Mickel]

Totally agree skivvy, no big deal.
I'm also wondering if PB would be concerned about technology transfer. If Adani are funding the MOU with Carbon energy, they may expect to garner GTL technology, to go it alone in the future.
Historically, the Japanese were good a that game, and now the Chinese, Indians and Koreans are becoming savvy, to save on R&D.

Agree that PB would be concerned about technology transfer and for that reason I don't think he would agree to a 25/75 partnership.Perhaps that's why Adani went with Carbon Energy who have much less cash than LNC.
You mentioned GTL technology with Carbon Energy. As far as I'm aware CNX has no GTL experience at all.
Some of the reports previously quoted on this thread mentioned that India had no UCG experience.They mentioned that most experience was developed in Russia/Soviet Union then stated that CNX was the leading player because of its links with CSIRO research.
They totally omitted to state that LNC now controls the former Soviet state company that developed UCG technology and that LNC has been building on that initial technology for 10 years- much longer than CNX has been trialling theirs.
The statements may convince the Indian media that Adani have selected the best, but it won't fool other players that are looking to get into UCG IMHO.

 

[bloubul]

a bit out of topic but still relevant...

Very interesting and concerning expose on CSG industry on last nights 4 Corners program (you could replay on ABC's iview). Apart from the scary images of methane gas leaking through water bore holes and gas wells on some farms with CSG operations and chemicals used in the fraccing process, it's really frustrating that the QLD government does not seem to have a grip on CSG operations which seems to operate under different set of rules applied to UCG sector. One particular well leak which had serious flaws and which they have unsuccessfully tried to plug was only reported to DERM about 13 months after it first had issues.... and they are still operating without even a slap on the wrist.
What concerns me as LNC shareholder is the hypocrisy of the QLD government and in particular the inept minerals minister Stephen Robertson.... nicely passing the buck to environment minister. How could they shut down all UCG operators and trials based on a single Cougar Energy contamination which now seems far less detrimental to the environment than what I saw on 4 Corners.

I'm not implying that all CSG companies are foul, but QGC and AGL seems to be dragging the rest through the methane mud.

 

[Mr Z]

I found it a bit of an emotional hatchet job pretty well devoid of any qualified input. Its is a pity that the sentiment is 'lets kill the industry' rather than lets settle the issues.

In one of those scenes of a burning well you could hear the propane bottle releasing gas, it sounded like a total fitup for the camera. Anyway... I was left with a list of unanswered questions at each site they showed. Call me skeptical of the jurnos motives... I would need to dig into it quite bit more before I'd buy their line.

 

[Dr Value]

Hi Guys

Long time holder of LNC and have followed this thread pretty much daily for quite a while now. Love the work that you're all putting in.

Pretty disappointing day today. Starting to get a bit edgy waiting for some news re: coal sale. In fact Linc have been a little quiet of late which isn't usually Bond's style. Given there is so much going on with the company you almost expect an announcement each week these days. The waiting game continues

 

[Brian Acheson]

Hi
Re: bloubuls comments
I was told about 12 months ago the ABC radio in QLD was saying the Queensland Government did not get the any revenue from UCG or GTL industries e.g. Cougar, Carbon and Linc as revenue from them went to the Federal Gov not State but State Government did get revenue from CSG industry. If this is correct it could explain why the Queensland Government is making a show of diligently protecting the environment with their hold on Cougar and Carbon without affecting their income by intervening with the CSG boys. I don’t know how right it is some might be able to check this out.

News out that PB will be in Sydney on the 7th and 8th March in the Linc diesel car then Canberra on 9th, Adelaide on the 10th and 11th then Perth on the 13th. I wonder is PB going to use one of these venues to release news of coal sale.

Brian

 

[dogeatdog]

Sitting here in Holland, watching the US markets off sizably, and the UN evacuating staff from Libya.
Looks like a bumpy ride for the Aussie, and Asian markets today :dunno:
Hold onto your hats.

Lnc holder.

Good luck to all those effected by the earth quake in NZ

 

[mexican]

Looks like we just filled the gap Mr.Z!

 

[Mr Z]

Yeah... came out of $2.61 in fine style! Not huge volume but encouraging none the less Looks like we might close out over the 50DMA ---> always a good thing.

 

[Mickel]

I found it a bit of an emotional hatchet job pretty well devoid of any qualified input. Its is a pity that the sentiment is 'lets kill the industry' rather than lets settle the issues.

In one of those scenes of a burning well you could hear the propane bottle releasing gas, it sounded like a total fitup for the camera. Anyway... I was left with a list of unanswered questions at each site they showed. Call me skeptical of the jurnos motives... I would need to dig into it quite bit more before I'd buy their line.

I watched the 4Corners program again last night after reading your post, Mr Z. I think the noise you heard was the wind against the "Mike" rather than a propane bottle releasing gas. I also know one farmer in that area and he confirms that the farmers in that area are very worried about chemicals polluting the water table and also substancially reducing the water levels in the bores.
There was some evidence on the program from a leading scientist confirming that some of the chemicals used in "fraccing" are deadly and the companies are in breach of State and Federal regulations for deficient paperwork in relation to these chemicals.

I'm inclined to agree with the recent posts of Brian and Bloubul.

 

[Mr Z]

I watched the 4Corners program again last night after reading your post, Mr Z. I think the noise you heard was the wind against the "Mike" rather than a propane bottle releasing gas.

I doubt that, the mics are well protected from the wind and don't pickup wind noise like a handycam does. It had the distinct sound of gas coming out under pressure and it would surprise me if you get that from a normal well. In fact it surprised me that the well looked like such a wreck site, it looked more like a water bore gone wrong than something a gas company left behind. If they are leaving sites in that state they are begging for a slapping and all things considered you'd have to expect that they are a lot more careful than that. Anway that whole scene made me frown and think I'd be fact checking before I bought what was presented.

I also know one farmer in that area and he confirms that the farmers in that area are very worried about chemicals polluting the water table and also substancially reducing the water levels in the bores.

I don't doubt they are worried and I have no doubt they don't fully understand what they are dealing with which must be concerning. By the same token I don't see these companies risking huge investments by making fundamental mistakes like poisoning ground water. After all they can't run from it and the compensation costs would be huge if the charges leveled are correct, there is a great incentive to get it right.

There was some evidence on the program from a leading scientist confirming that some of the chemicals used in "fraccing" are deadly and the companies are in breach of State and Federal regulations for deficient paperwork in relation to these chemicals..

Some of the chemicals that farmers put on farms are deadly, it is about how they are used and in what concentration. It is not like fracking is new or not well understood, the oil industry have been doing it for many decades. I would have thought that if it is that bad they'd have been shut down long ago! Maybe it is evil, but no coherent argument was put forward. A long that line they presented no qualitative evidence that the ground water was in fact being impacted.

There where claims of a 10 meter drop in ground water levels but no more discussion about that, was it a local effect, was it across the basin, does it mean that the water has gone or is now just more inaccessible... etc etc... no real discussion of the issue in any detail.

Like I said I found it devoid of fact based discussion and heavy on emotion.

I think that one of the main issues here is the way that mineral rights work in this country, the money that was being made seemed to be galling the farmers as much as anything. Makes me wonder how much the whole thing would change if the payouts where stupendous. As always there was no mention of the capital investment and the risks taken, people look at mining like it is some one way, no risk gravy train to stealing the nations treasures that belong to us all... well the successes belong to us all, you shareholders can lump the losses.

Anyway... I'd have been happier to see some willingness to solve the issues, whatever they turn out to be in reality, rather than club the industry to death. We are staring down the barrel of another huge energy crunch and will will need to use everything we have in the short term if we are to have any hope of transitioning to an more sustainable future. Sad fact is that renewable energy ain't there yet!

 

[mattryanshares]

A new announcement has been released for LNC
Summary: LNC Acquires Oil Producing Asset in Wyoming, USA
Announcement number: 229507
Release time: 2/25/2011 12:58:00 PM
Price sensitive: Yes