DOCSLIB.ORG

ASX Announcement

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ASX Announcement Quarterly Report 1 April 2013 – 30 June 2013 For personal use only Linc Energy Ltd 32 Edward Street Telephone: +61 7 3229 0800 website: www.lincenergy.com Brisbane Qld 4000 Fax: +61 7 3229 6800 email: [email protected] ASX (LNC) OTCQX (LNCGY) ACN 076 157 045 HIGHLIGHTS • Major Highlights OIL & GAS CLEAN ENERGY NEW EMERALD SAPEX (Shale) COAL • Gulf Coast – newly • Conclusion of commercial • Teresa Environmental • Arckaringa JV reprocessed 3D seismic at terms with Exxaro Impact Statement (EIS) process progressing Cedar Point Field identifies representing first submitted to DEHP in • 10 prospects with over commercial UCG deal in June 2013 and the Assessment of technical data and 4.1 MM barrels proved and South Africa company is taking steps planning for probable reserve potential towards gaining its • Confirmation of Mining Lease additional drilling • Initial production of first framework to and seismic to two wells ranging from 900 commercialise UCG to GTL • Teresa Pre-Feasibility further define the to 1000 BOEPD each technologies with Study completed in shale oil potential YakutMinerals in Russia June 2013 has continued • Reservoir size indicates stable and accretive future • $20m of income expected • Ground gravity production for the field in September Quarter in survey commenced relation to Exxaro in Eromanga basin • Cedar Point targets drilled transaction (next to Cooper with strong production Basin) growth evident post • Work in Ukraine Quarter end progressing with DTEK • Technical review of new 3D seismic • Alaskan rebate funding • ISP Report acknowledges program an d new plans advanced and Linc Energy’s four (4) to six (6) expected to generate demonstrated capability well shale drilling receipts next quarter in UCG operations program planned of ~$27.5m Decommissioning of old G3 UCG panel to commence in order to demonstrate rehabilitation of UCG through the full life cycle A DIRECTORS COMPANY SECRETARY Chairman and Director Managing Director Mr Brook Burke (Non-Executive) Mr Peter Bond Mr Ken Dark Mr Craig Ricato Director (Non-Executive) (Non-Executive) Mr Jon Mathews Linc Energy is focused on conventional and unconventional oil and gas production. The Company owns a diverse and world-class commodity portfolio of oil, gas, shale and coal. Linc Energy’s conventional oil and gas assets are focused onshore USA (Alaska, Texas, Louisiana and Wyoming) with current production expected to grow For personal use only significantly from the Company’s existing reserves. The Company’s unconventional oil and gas is driven by our world leading capability in Underground Coal Gasification (UCG). Linc Energy has constructed and commissioned the world’s only UCG to Gas-to-Liquids demonstration facility in Queensland, Australia. The Company also owns and operates the world’s only commercial UCG operation in Uzbekistan, which has been supplying syngas to a nearby power station for over fifty years. Linc Energy is listed on the ASX (Australia) and the OTCQX (USA). CORPORATE These developments continue to highlight the Key Highlights determination of Adani to develop the • US$200m Convertible Bond issued Carmichael mine project in the earliest possible timeframe. • Repaid Fortress debt facility during Quarter The Adani Group remains on target to start overburden removal operations at the • $128 million group cash on hand with Carmichael coal project in third Quarter of funding plans advanced to maintain or 2014 with exports to occur in first Quarter enhance cash balance after covering next 2017. The ramp up to full production (60 Quarter spending plans. Mtpa) is expected by 2023. • Ten new drilling targets at Cedar Point Adani expects to finalise the Carmichael mine providing strong production uplift post EIS in last Quarter of 2013 and the NGBR EIS by Quarter end. third Quarter of 2014. Adani has also undergone an extensive exploration program • Cedar Point potential to add over on the asset with the goal to finalising the 4 million barrels to existing proved mine plan ahead of development and reserves construction work towards the first Quarter of • Progressed Alaskan rebate funding 2014. (~$27.5m) and potential Reserves Based Adani is also planning a new development in Lending uplift (~$44m) supported by the Port of Abbot Point precinct improved production. Expect to close predominantly for its own use with some third during next Quarter. party cargo as well (T0 development) with an • Executed Master Agreement, Licence ultimate capacity of about 70 Mtpa and is Agreement with Exxaro undertaking, jointly with NQBP, BHP and GVK a Cumulative Impact Assessment. The T0 • Exxaro receipt of $20m expected during expansion is targeted for completion next Quarter contemporaneously with the Carmichael mine. • Executed Letter of Intent and Services Separately, some 30 kilometres south of Agreement with YakutMinerals Mackay, Adani and Dudgeon Point Project • Arckaringa Process ongoing with latest Management, a subsidiary of the Brookfield offers under review and discussion. Infrastructure Group, are the preferred proponents for the proposed Dudgeon Point Adani Royalty Coal Terminal, a dedicated coal export facility adjacent to the existing terminals of Hay Point Since the last update to the market, the and Dalrymple Bay. Both proponents were Queensland Government has provided Adani awarded equivalent areas for the development with the ability to proceed with the North of two new coal terminals on 14 December Galilee Basin Rail (“NGBR”) standard gauge rail 2011. The proposed terminals will provide line to Abbot Point. It has now been declared a export capacity of up to 180 million tonnes per controlled action and will be subject to an EIS year. The Dudgeon Point Coal Terminal was at the Federal and State level in parallel. The declared a significant project by the State Government has declared the rail project Queensland Government in October 2011. The as a coordinated project. proposed coal terminal at Dudgeon Point is For personal use only Adani, through its wholly owned subsidiary still subject to the requisite EIS and bankable Galilee Transmission Company Pty Ltd, has feasibility studies. The EIS is targeted for also applied for Transmission Authority to approval by end of 2014 with construction to allow the distribution of power to the be completed by the first Quarter of 2018. Carmichael mine. Linc Energy Ltd Quarterly Report 1 April 2013- 30 June 2013 Page 3 of31 CORPORATE Following the recent developments outlined proposed Carmichael mine to Moranbah or above, Adani now has the option of constructing the standard gauge NGBR to proceeding with the construction of a Abbot Point. 185 kilometre narrow gauge rail line from the For personal use only Linc Energy Ltd Quarterly Report 1 April 2013- 30 June 2013 Page 4 of31 OIL & GAS Exploration and Production Gulf Coast – Focus on Cedar Point CEDAR POINT FIELD In Cedar Point, the Company has completed The Company anticipates that these reservoirs two wells with combined initial production will be capable of sustaining excellent rates of 800 barrels of oil per day (BOPD) and production rates over several years in contrast 7 million cubic feet of gas per day. The to previously experienced decline rates at Company is currently completing a third Barbers Hill. Historical average cumulative welland mobilizing a second rig to the field to production per well in the Cedar Point field accelerate the 10+ well drilling program. has been 600,000 barrels of oil equivalent. With this in mind, Linc Energy intends to shift Further to this initial drilling success, the its primary focus from Barbers Hill to Cedar Company has utilised its recently reprocessed Point by reducing rig count in Barbers Hill to 3D seismic to develop additional drilling one rig, while increasing Cedar Point to two opportunities in the Cedar Point Field. Linc For personal use only rigs. The net effect of this strategy will result Energy geoscientists have been able to in steady production growth, lower finding correlate the seismic signatures to historical and development costs, and an overall well data and have identified large reservoir decrease in capital expenditures. potential for each of the prospects. Linc Energy Ltd Quarterly Report 1 April 2013- 30 June 2013 Page 4 of31 OIL & GAS The quality of the reprocessed data has • Chambers Co. Ag. #53 Completing allowed the Company to identify at least 10 drilling and recompletion prospects with Alaska mean reserve potential of over 4.1 million Snow Road barrels. Linc Energy will continue to evaluate the Cedar Point data as well as similar data in Umiat Winter 2014 Appraisal Program the adjacent Atkinson Island field. Linc Energy has secured the drilling rig at the Quarter average daily oil sales were Seabee pad in order to commence operations 4,605 BOPD. Post Quarter the average has at the earliest possible date for the 2014 increased significantly as a result of the winter appraisal program. Company’s Cedar Point Drilling Program. The Company continues permitting activities, Linc Energy continued its Barbers Hill drilling community and agency consultation, and efforts while launching the Cedar Point Drilling creation of the project Description and Plan of Program. Drilling results including initial Development. production rates for wells drilled during the Alaska State Bill 21 was enacted into law in Quarter are listed below: June 2013. The bill significantly enhances the Drilling project economics of Umiat. Specifically, the new law accelerates return of capital Barbers Hill – 7-day Initial Production Rate investments through rebates, tax credits and • Conoco #2 346 BOPD incentives. • LE Fitzgerald #8 336 BOPD Core analysis continues at Weatherford • LE Fitzgerald #9 335 BOPD Laboratories with promising and informative results. The core data will be utilized in the • Chambers Co. Ag. #52 331 BOPD design of the 23H horizontal well completion • Higgins #21 227 BOPD that will be executed this winter. Flow test • Kirby Pet. Co. B-50 206 BOPD results from the 23H well will be incorporated • Kirby Pet. Co.
Load more

Recommended publications
  • GOVERNMENT Steps up Fight to Curb Global Warming
    THE NETL CARBON SEQUESTRATION NEWSLETTER: ANNUAL INDEX SEPTEMBER 2005 – AUGUST 2006 This is a compilation of the past year’s monthly National Energy Technology Laboratory Carbon Sequestration Newsletter. The newsletter is produced by the NETL to provide information on activities and publications related to carbon sequestration. It covers domestic, international, public sector, and private sector news. This compilation covers newsletters issued between September 2005 and August 2006. It highlights the primary news and events that have taken place in the carbon sequestration arena over the past year. Information that has become outdated (e.g. conference dates, paper submittals, etc.) was removed. To navigate this document please use the Table of Contents below, the Bookmarks tab or the Acrobat search tool (Ctrl+F). To subscribe to this newsletter, please visit http://listserv.netl.doe.gov/mailman/listinfo/sequestration. To access the newsletter archive, see: http://www.netl.doe.gov/publications/carbon_seq/subscribe.html. HIGHLIGHTS ............................................................................................................................................ 2 SEQUESTRATION IN THE NEWS .............................................................................................................. 5 ANNOUNCEMENTS ................................................................................................................................ 29 SCIENCE................................................................................................................................................
    [Show full text]
  • Underground Coal Gasification Techniques, Problems and Its Solutions Dr
    ISSN: 2277-3754 ISO 9001:2008 Certified International Journal of Engineering and Innovative Technology (IJEIT) Volume 2, Issue 3, September 2012 Underground Coal Gasification Techniques, Problems and its Solutions Dr. S.M Ali, Punyashree Pattanayak, Shubhra projects have started in Australia, China, South Africa and Abstract-Underground coal gasification (UCG) is an industrial others such as India, Canada and the UK are not far behind process, which converts coal into product gas. UCG is Large-scale operations (>1GW) were developed by the an in-situ gasification process carried out in non-mined coal seams using injection of oxidants, and bringing the product gas to Soviets in the 1970's and at least one plant in Uzbekistan still surface through production wells drilled from the surface. The operates today. Low natural gas prices in the 1990's product gas could to be used as a chemical feedstock or eliminated much of the ongoing development in US, although as fuel for power generation. The technique can be applied to in Europe, a substantial program of development in deeper resources that are otherwise unprofitable or technically seams was maintained until the present day. Extensive trials complicated to extract by traditional mining methods, and it also in Europe, the US, Russia, Australia, have proven the offers an alternative to conventional coal mining methods for some resources. The development work on UCG undertaken in the technology on many occasions. UCG in combination with West over the past 20 years has focussed on technology CCS (Co2 capture and storage) shows considerable promise improvements undertaken within an R&D framework.
    [Show full text]
  • Asx Announcement
    ABN: 60 076 157 045 ACN: 076 157 045 Smellie & Co Building, 32 Edward Street (GPO Box 1315) BRISBANE QLD 4001 Telephone: (07) 3229 0800 Facsimile: (07) 3229 6800 ASX ANNOUNCEMENT 5 October 2010 LINC ENERGY ENTERS INTO MOU WITH GFZ (GERMANY) FOR CARBON CAPTURE AND STORAGE (CCS) IN UCG CAVITIES • Linc Energy signs MOU with leading European research centre, GFZ, to develop carbon capture & storage technology for UCG projects Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it has entered into a Memorandum of Understanding (MOU) with a leading German carbon capture and storage (CCS) research centre to develop and apply CCS technology to Company’s Underground Coal Gasification (UCG) operations. Signed with Helmholtz Centre Potsdam GFZ German Research Centre for Geosciences (GFZ) based in Potsdam, Germany, the MOU establishes a framework for an exclusive working relationship for potential UCG and CCS projects. Under the terms of the agreement, GFZ will work on combined UCG and CCS exclusively for Linc Energy over the next 3 years and will conduct research to confirm the extent of CO2 storage available in remaining UCG cavities once the UCG process is complete. Linc Energy has agreed to contribute €24,000 per quarter towards the UCG-CCS research and will retain ownership of all intellectual property developed. Academic evidence exists which indicates that UCG cavities are capable of absorbing significant quantities of CO2. This research also suggests that UCG cavities could absorb up to 400 times more carbon than traditional CCS methods due to the effect of the UCG process on the surrounding coal seam.
    [Show full text]
  • Underground Coal Gasification (UCG).”
    Positioning UCG for Energy Independence Interstate Oil and Gas Compact Commission Kentucky, 25 May 2010 Potential of UCG “The Lawrence Livermore National Laboratory (USA) has estimated variously; that recoverable reserves could be increased by at least 300% to 400% and that 1.6 trillion tons of un-mineable coal in the USA may be recoverable with Underground Coal Gasification (UCG).” “Industry Review and an Assessment of the Potential of UCG and UCG Value Added Products,” PricewaterhouseCoopers, 2008. Potential of UCG “The Clean Air Task Force recommends the rapid development and deployment of Underground Coal Gasification (UCG) to reduce carbon emissions and electricity prices.” Source: US Clean Air Task Force for Federal Policy addressing climate change, September, 2009. About Us Our Technology Our Assets and Projects Desired Regulatory Environment (USA) In Summary 4 About Linc Energy • At the forefront of the development of Underground Coal Gasification (UCG) for cleaner power generation and fuel production • Commenced 1996; Listed in Australia in 2006; over 13,000 shareholders; Listed on the OTCQX in USA in 2007 • Over 120 staff (46 corporate; 80 technical), in six offices across two countries • Commenced UCG in 1999. Since developed four generators, a Gas to Liquids (GTL) plant, on site laboratory, and waste water treatment plant • Strategic goal to commercialize UCG in coal rich countries around the world. About Us Our Technology Our Assets and Projects Desired Regulatory Environment (USA) In Summary 6 Coal Gasification Simplified Coal + Water + Heat + Pressure = Synthesis Gas C H2O CO + H2 • It is not coal burning • Syngas is not natural gas • Surface gasification was once widely used as „town gas‟ • Multiple uses (power, liquid fuel, petrochemical).
    [Show full text]
  • Underground Coal Gasification and Coal Chemicals Around the World
    FUELLING THE FIRE The chequered history of Underground Coal Gasification and Coal Chemicals around the world ‘Fuelling the Fire: the chequered history of Underground Coal Gasification and Coal Chemicals around the world’ is a Friends of the Earth International report produced by Friends of the Earth Scotland and published in July 2016. Friends of the Earth International is the world’s largest grassroots environmental network, uniting 74 national member groups and some 2 million members and supporters around the world. We challenge the current model of economic and corporate globalisation, and promote solutions that will help to create environmentally sustainable and socially just societies. Our vision is of a peaceful and sustainable world based on societies living in harmony with nature. We envision a society of interdependent people living in dignity, wholeness and fulfilment in which equity and human and peoples’ rights are realised. This will be a society built upon peoples’ sovereignty and participation. It will be founded on social, economic, gender and environmental justice and be free from all forms of domination and exploitation, such as neoliberalism, corporate globalization, neo-colonialism and militarism. We believe that our children’s future will be better because of what we do. Friends of the Earth International has member groups in Argentina, Australia, Austria, Bangladesh, Belgium, Belgium (Flanders), Brazil, Bulgaria, Cameroon, Canada, Chile, Colombia, Costa Rica, Croatia, Curaçao (Antilles), Cyprus, Czech Republic, Denmark,
    [Show full text]
  • Moreton Resources Ltd and Innovation and Science Australia (Taxation) [2018] AATA 3378 (10 September 2018)
    Moreton Resources Ltd and Innovation and Science Australia (Taxation) [2018] AATA 3378 (10 September 2018) Division: General Division File Number: 2016/0604 Re: Moreton Resources Ltd APPLICANT And Innovation and Science Australia RESPONDENT DECISION Tribunal: Deputy President S A Forgie Date: 10 September 2018 Place: Melbourne The Tribunal decides to: affirm the decision of the respondent dated 21 December 2015 confirming its decision dated 21 August 2015 that activities in respect of which Moreton Resources had applied for registration were not R&D activities as defined in s 355-20 of the Income Tax Assessment Act 1997. .................[sgd]....................................................... Deputy President S A Forgie © COMMONWEALTH OF AUSTRALIA 2018 TAXATION – RESEARCH AND DEVELOPMENT TAX INCENTIVE – underground coal gasification pilot project - whether R&D activities – decision affirmed Legislation A New Tax System (Goods and Services Tax) Act 1999 Acts Interpretation Act 1901 s 23(b) Corporations Act 2001 s 249D Environmental Protection Act 1994 (Qld) ss 7, 11, 146(1), 146(2), 147, 147(1), 147(2), 148, 148(1)(c), 148(3) 148(4), 149, 154(2), 155, 156, 187, 188, 193, 193(2), 193(3)(b), 194(2)(b), 358, 360(1)(c), 360(2), 361, 361(1), 361(2), 426, 430, 430(2) and 430(3) Environmental Protection (Greentape Reduction) and Other Legislation Amendment Act 2012 Income Tax Assessment Act 1997 ss 355-5, 355-5(2), 355-20, 355-25, 355-25(1), 355-25(1)(a), 355-25(1)(a )(i); 355-25(1)(a )(ii), 355-25(1)(b), 355-25(1)(f), 355-25(2), 355-25(2)(f),
    [Show full text]
  • Underground Coal Gasification
    David W. Camp Joshua A. White Underground Coal Gasification: An Overview of Groundwater Contamination Hazards and Mitigation Strategies March 2015 Lawrence Livermore National Laboratory LLNL-TR-668633 Disclaimer This document was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor Lawrence Livermore Na­ tional Security, LLC, nor any of their employees makes any warranty, expressed or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or useful­ ness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or Lawrence Livermore National Security, LLC. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or Lawrence Livermore National Security, LLC, and shall not be used for advertising or product endorsement purposes. v Acknowledgements This work was funded by a 2012 Applied Science Grant from the Office of Surface Mining Reclamation and Enforcement. This work was performed under the auspices of the U.S. Department of Energy by Lawrence Livermore National Laboratory under Contract DE­ AC52-07NA27344. The authors wish to thank Duane Matt and other members of the OSM Underground Coal Gasification Working Group for their support and recommendations. We also thank the Clean Air Task Force (CATF) for earlier funding that allowed LLNL to begin investi­ gating groundwater contamination issues.
    [Show full text]
  • Vass Brothers American Mining Insurance Company
    A Publication Dedicated to Coal People Worldwide MAY 2012 Vol. 34 No. 4 Electric Power Show Issue Featuring Conference Highlights and Exhibitor Profiles Magazine Coal People Magazine 2012 May Issue Mine Safety Vass Brothers American Mining Insurance Company SETCO Offers Complete Tire Assembly to HAUL THE HEAVIEST LOADS TOUGH TESTED PROVEN Published by Al Skinner, Inc. Editor/Publisher Al Skinner E-mail: [email protected] Managing Editor Christina Karawan E-mail: [email protected] Corporate Office Phone (304) 342-4129 Toll Free (800) 235-5188 Fax (304) 343-3124 Contributing Editor Art Sanda E-mail: [email protected] Contributing Writers Solving Your Bill Archer Christine Pietryla Circulation Manager Angela McNealy Toughest Tire E-mail: [email protected] (address changes and corrections) Production Department Problems E-mail Artwork or Inquiries to: [email protected] or call (800) 235-5188 Advertising Sales Call Toll Free (800) 235-5188 Lisa Roper SETCO’s newest design, the S-Mine tire, has Phone (864) 278-8227 improved shape and tread design which will E-mail: [email protected] provide the best traction as well as longevity Chuck Roper and productivity. Air holes are molded into Phone (864) 546-8978 E-mail: [email protected] the sidewalls for a much softer ride. Web Designer SETCO CAN EASILY Chuck Jelderks • Change the entire dimension on a tire • Vary the rubber depth for maximum load and carry Mailing Address • Utilize its custom heat dissipating compound to • P.O. Box 6247 • Charleston, WV 25362 • 629 Virginia St., W • Charleston, WV minimize heat throughout the assembly to maximize 25302 load capacities while minimizing fatigue on the machines and Web Portal www.coalpeople.com operators.
    [Show full text]
  • The Criteria for Underground Coal Gasification in Indiana
    THE POTENTIAL FOR UNDERGROUND COAL GASIFICATION IN INDIANA Phase I Report to the Indiana Center for Coal Technology Research (CCTR) Evgeny Shafirovich1, Maria Mastalerz2, John Rupp2, and Arvind Varma1 1School of Chemical Engineering, Purdue University, West Lafayette, IN 47907 2Indiana Geological Survey, Bloomington, IN 47405 August 31st, 2008 Table of Contents 1 Project Description .................................................................................................................. 3 1.1 Project rationale ............................................................................................................... 3 1.2 Plan of work ..................................................................................................................... 4 1.3 Deliverables ..................................................................................................................... 5 2 Analysis of UCG Current State of Science and Technology ................................................... 6 2.1 USSR (before 1991), Russia, Ukraine and Uzbekistan (after 1991) ............................... 6 2.2 United States .................................................................................................................. 10 2.3 Western Europe .............................................................................................................. 11 2.4 Canada............................................................................................................................ 12 2.5 Australia ........................................................................................................................
    [Show full text]
  • ASX Announcement LINC ENERGY RECEIVES
    ASX Announcement ASX Code: LNC OTCQX Code: LNCGY 6 November 2013 LINC ENERGY RECEIVES SHAREHOLDER APPROVAL TO PROCEED WITH LISTING ON SGX (SINGAPORE) • Linc Energy gains strong shareholder support for de-listing from the Australian Securities Exchange (ASX) and move to the Main Board of the Singapore Exchange Securities Trading Limited (SGX) • Singapore is an international capital markets centre and an emerging oil and gas hub and listing on the Main Board of the SGX will help identify oil & gas and energy investors from around the world who appreciate and recognise the value in Linc Energy’s conventional and unconventional Oil, Gas, Shale and Coal assets and its unique Underground Coal Gasification (UCG) technology Linc Energy Ltd (ASX: LNC) (OTCQX: LNCGY) is pleased to announce that at today’s Extraordinary General Meeting, Linc Energy’s shareholders approved resolutions to delist from the Australian Securities Exchange and, subject to final regulatory approval, list on the SGX. Commenting on the approval, Ken Dark, Chairman of Linc Energy said, “I wish to thank shareholders for supporting our move to the SGX. This change is the outcome of a strategic review into realising the value in Linc Energy and I am confident the move to the SGX will facilitate this value creation.” Chief Executive Officer and Managing Director of Linc Energy, Peter Bond added, “Since listing on the ASX in 2006, Linc Energy has grown into a diversified global energy group. Today, we have a portfolio of conventional and unconventional oil, gas, shale and coal assets, located across Australia and the USA, with our unique proprietary underground coal gasification (UCG) technology on the cusp of commercialisation.” “Whilst our story continues to evolve, we remain focused on developing our assets and unlocking share price value as we do so.” “Singapore is an international capital markets centre, as well as an emerging oil and gas hub, and is the ideal platform to facilitate Linc Energy’s long term Asian growth strategy.
    [Show full text]
  • Underground Coal Gasification (UCG) November 2015
    Underground Coal Gasification (UCG) November 2015 November 2015 Dr Mariann Lloyd-Smith Contents Summary ................................................................................................................................. 3 1.0 What is Underground Coal Gasification? ........................................................................ 3 1.1 The UCG Process ............................................................................................................. 3 1.2 Decommissioning ............................................................................................................ 4 2.0 Uses for Syngas .............................................................................................................. 5 3.0 Treatment of Syngas ....................................................................................................... 5 4.0 History of UCG ................................................................................................................. 6 5.0 Environmental Impacts .................................................................................................... 6 5.1 UG Contaminants ............................................................................................................. 7 5.2 Groundwater Contamination ............................................................................................ 7 5.3 Air Pollution ..................................................................................................................... 8 5.4 Climate Impacts ..............................................................................................................
    [Show full text]
  • Linc Energy Ltd
    Linc Energy Ltd Stock Exchange Listing ASX: LNC, OTCQX: LNCGY Company profile Linc Energy is a diversified energy company leveraging innovative technology to unlock the value from its resources. Linc Energy has a strong portfolio of coal, gas, and oil tenements across Australia and the United States and looks to unlock the value and energy potential of these through Underground Coal Gasification (UCG) activities, the sale of valuable coal assets, oil and gas operations, and enhanced oil recovery. UCG converts deep underground coal deposits into high quality, low cost synthesis gas (syngas), without removing the coal from the ground. Using UCG technology Linc Energy can create products high in demand, with high economic value, by producing syngas for cleaner power generation, superior fuel production through specialised Gas to Liquids (GTL) processes, and chemical manufacture. With an Australian market capitalisation of about $800 million, and over 360 staff across three continents, Linc Energy now plans to bring UCG to the Australian and United States markets to unlock stranded energy from its resources. Click here to access the company's 2009 Annual Report Operations Australia During 2011, Linc Energy will conduct drilling for oil and gas on tenements in South Australia’s Arckaringa Basin. Drilling will also be conducted in the Walloway Basin, also in South Australia, for a suitable location for UCG. Activities continue at Linc Energy’s world-class Chinchilla Demonstration Facility, where the advancement and operation of UCG and GTL technologies support their commercialisation for cleaner energy solutions. United States Drilling will soon be conducted on Linc Energy’s Wyoming tenements for water monitoring purposes and the establishment of a UCG demonstration gasifier.
    [Show full text]