Leigh Creek Energy: Difference between revisions
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'''Leigh Creek Energy''' is an [[Australian Securities Exchange|ASX]] listed Australian company which is developing an in-situ [[coal gasification]] (ISG) project at [[Leigh Creek|Leigh Creek, South Australia]]. The company's flagship Leigh Creek Energy Project intends to produce gas at the site of the former Leigh Creek coal mine and distribute it to the eastern states of Australia via existing pipeline networks. Project planning commenced in 2011, and an exploration license was obtained by the company in November 2014. The project also intends to develop a fertiliser production facility using waste gas streams and [[ammonium nitrate]] explosives for use by South Australia's [[mining]] sector. The LCEP will also generate [[electricity]] via [[gas turbine]]s to supply the project and Leigh Creek township.<ref>{{Cite web|title = Leigh Creek Energy Limited > Our Business > Leigh Creek Energy Project|url = http://www.lcke.com.au/Our-Business/Leigh-Creek-Energy-Project|website = www.lcke.com.au|accessdate = 2015-10-16}}</ref><ref>{{Cite web|title = Gas lifeline thrown to embattled Leigh Creek - InDaily {{!}} Adelaide News|url = http://indaily.com.au/business/2015/10/14/gas-lifeline-thrown-to-embattled-leigh-creek/|website = InDaily {{!}} Adelaide News|accessdate = 2015-10-16|language = en-US}}</ref> As of April 2016, the company's Managind Director, CEO and CFO is David K. Shearwood, and its non-executive directors are Justyn Peters and Gregory English.<ref>{{Cite web|url |
'''Leigh Creek Energy''' is an [[Australian Securities Exchange|ASX]] listed Australian company which is developing an in-situ [[coal gasification]] (ISG) project at [[Leigh Creek|Leigh Creek, South Australia]]. The company's flagship Leigh Creek Energy Project intends to produce gas at the site of the former Leigh Creek coal mine and distribute it to the eastern states of Australia via existing pipeline networks. Project planning commenced in 2011, and an exploration license was obtained by the company in November 2014. The project also intends to develop a fertiliser production facility using waste gas streams and [[ammonium nitrate]] explosives for use by South Australia's [[mining]] sector. The LCEP will also generate [[electricity]] via [[gas turbine]]s to supply the project and Leigh Creek township.<ref>{{Cite web|title = Leigh Creek Energy Limited > Our Business > Leigh Creek Energy Project|url = http://www.lcke.com.au/Our-Business/Leigh-Creek-Energy-Project|website = www.lcke.com.au|accessdate = 2015-10-16}}</ref><ref>{{Cite web|title = Gas lifeline thrown to embattled Leigh Creek - InDaily {{!}} Adelaide News|url = http://indaily.com.au/business/2015/10/14/gas-lifeline-thrown-to-embattled-leigh-creek/|website = InDaily {{!}} Adelaide News|accessdate = 2015-10-16|language = en-US}}</ref> As of April 2016, the company's Managind Director, CEO and CFO is David K. Shearwood, and its non-executive directors are Justyn Peters and Gregory English.<ref>{{Cite web|url=http://www.lcke.com.au/About-Us/Our-People-Board |title=Leigh Creek Energy Limited > About Us > Our People - Board |date=2016-04-15 |access-date=2016-04-30 |deadurl=unfit |archiveurl=https://web.archive.org/web/20160415063546/http://www.lcke.com.au/About-Us/Our-People-Board |archivedate=April 15, 2016 }}</ref> |
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== History == |
== History == |
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Revision as of 17:08, 2 May 2016
Leigh Creek Energy is an ASX listed Australian company which is developing an in-situ coal gasification (ISG) project at Leigh Creek, South Australia. The company's flagship Leigh Creek Energy Project intends to produce gas at the site of the former Leigh Creek coal mine and distribute it to the eastern states of Australia via existing pipeline networks. Project planning commenced in 2011, and an exploration license was obtained by the company in November 2014. The project also intends to develop a fertiliser production facility using waste gas streams and ammonium nitrate explosives for use by South Australia's mining sector. The LCEP will also generate electricity via gas turbines to supply the project and Leigh Creek township.[1][2] As of April 2016, the company's Managind Director, CEO and CFO is David K. Shearwood, and its non-executive directors are Justyn Peters and Gregory English.[3]
History
According to the Sydney Morning Herald, the company "undertook a back-door listing on the ASX earlier this year using the shell of the former Marathon Resources."[4]
In October 2015, two non-executive directors of Leigh Creek Energy resigned. The outgoing directors were former South Australian politician and political lobbyist, Chris Schacht[5] and Peter Williams.[6] Both were previously directors of Marathon Resources,[7][8] and their departure marked "the transition of the company from its previous endeavours, to the new management direction as an energy company."[6]
Current non-executive director Justyn Peters is a former executive general manager of Linc Energy Ltd. Between 2006 and 2012 he managed a trial in-situ coal gasification project in Chinchilla, Queensland. As of April 2016, the company has entered administration, is facing trial on five charges related to breaches of environmental regulations and the process of "underground coal gasification" has been banned in Queensland.[9]
Leigh Creek Energy holds petroleum licences over the large coal deposit which spans approximately seven kilometres at Leigh Creek.[4]
In October 2015, David Shearwood stated that the company aimed to be producing gas via in-situ coal gasification at Leigh Creek within three years.[4]
References
- ^ "Leigh Creek Energy Limited > Our Business > Leigh Creek Energy Project". www.lcke.com.au. Retrieved 2015-10-16.
- ^ "Gas lifeline thrown to embattled Leigh Creek - InDaily | Adelaide News". InDaily | Adelaide News. Retrieved 2015-10-16.
- ^ "Leigh Creek Energy Limited > About Us > Our People - Board". 2016-04-15. Archived from the original on April 15, 2016. Retrieved 2016-04-30.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ a b c "Coal makes way for gas. Leigh Creek Energy eyes $1bn project as Alinta bows out". The Sydney Morning Herald. Retrieved 2016-04-30.
- ^ "Share Price & Information - ASX". www.asx.com.au. Retrieved 2015-10-17.
- ^ a b "Leigh Creek Energy Limited ASX Announcement" (PDF). 2015-10-15. Retrieved 2016-04-30.
- ^ "Peter Williams is chairman of Marathon Resources". ABC News. 2011-07-26. Retrieved 2016-04-30.
- ^ "The Hon. Chris Schacht - The Australia China Development Company". The Australia China Development Company. Retrieved 2016-04-30.
- ^ "Coal gasification ban 'a surprise' to Linc Energy administrator". ABC News. 2016-04-27. Retrieved 2016-04-30.