Yesterday but tiny volume, this indicates to me that the herd has not yet arrived, strong fundamentals at this point but still need the funding. Given that Algy is directly involved here and INEOS' recent announcement I'm 100% certain this will be solved in the coming months. I'm ready to pump a bit more in here, just need to figure out what to sell!
wordog ! Good Day In the excellent video you posted Thursday 20.03, AC did state that the UCG recovery Technology, Geology and Resource estimates were not in question " The coal is there in abundance " due to data accumulated over many many years from the NCB whilst mining into Coal seems running offshore also the date accumulated whilst offshore Drilling for O&G ,,,so no brainer there on the resource , Also AC stated " We have the licence,s and we have the people in place ", it was obtaining planning permission ( time-scales ) that was the biggest hurdle to jump, also he quoted £400,000 for a detailed report Sir Algy Cluff is no spring Chicken, So why would such an experienced esteemed entrepreneur like him go chasing dreams, Pie in the sky projects in the latter years of life unless he was more or less certain that his efforts were to bear fruit and leave a legacy to the country and industry that has served him so well over the course of his life, IMHO I have no doubt,s about his commitment, HMG/Scotish Parliment/Industry connections , Oil and Gas E&P experience to make this UCG business a reality and contribute not only gas feedstock to the uk energy needs but to pioneer the manpower skills and expertise for generations to come I just hope the market and DECC share my thoughts and confidence, If so ,,, Well !! this successful investment will multibag again and again GLA and Keep Smiling Thanks again wordog for your posts
This is a no brainer for me. The only issue is the funding, take away the costs mentioned and there won't be enough to refil the brew machine. I would bet on some form of commitment from INEOS on the Kincardine licence, after which others will follow suit elsewhere.
Key finance options:
Farm out Company part ownership Placing and/or institutional investment.
I understood that the environmental impact study had already been commissioned, so around May next year ( give or take a bit) we shall see results. Until then I'm expecting some more news on the financing which will be what really gets this going.
Cluff Natural Resources (LON:CNLR) is another group in the unconventional gas arena, but this time UCG or "underground coal gasification". Its Kincardine UCG licence sits in the Firth of Forth, a stone’s throw from Grangemouth, and recently it unveiled a maiden resource for the site. The technology sees a borehole inserted into the coal seam below the seabed, which is then ignited with the resulting gas piped ashore to local plants. Cluff's maiden estimate represented the equivalent of 1.4 billion cubic feet (BCF) of natural gas-in-place. Cluff shares eased 2.56% to 4.75p. something is brewing
14As a follow up to my recent post where I discussed the INEOS developments in relation to unconventional gas and shale license farm-in deals in recent months, I thought it would be worth examining what the next move would be for INEOS. Immediately adjacent to the existing PEDL133 Licence area which is subject of a farm-in between IGAS (Dart Energy) and INEOS, there lies an offshore unconventional play in the Firth of Forth with deep underground coal gasification licence area of 3687 hectare held by Cluff Natural Resources.
This location is logistically perfect for the INEOS site, it lies "offshore" which in many ways is easier to work with and less susceptible to protestor interference. Deep Underground Coal Gasification is more in tune with the coalbed methane unconventional gas production techniques as it does not involve fracture stimulation, or chemical injection. This would afford an easy extension to the planning application currently being evaluated by the Scottish Government and as such, would be a good fit should INEOS look to further develop these resources. There is a certain political will to work with INEOS within the Central Belt, given this is the only refinery in Scotland so irrespective of where these resources would fit in terms of facility activities, it is likely that INEOS's involvement will carry the necessary leverage.
It should be noted that this is the speculative view of the writer only.
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