Leigh Creek Energy

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 Managing 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 Linc's trial in-situ coal gasification project in Chinchilla, Queensland. In April 2016 the company entered voluntary administration,[9] after being committed to stand trial in March 2016 on five charges related to breaches of environmental regulations[10] and the process of "underground coal gasification" has been banned in Queensland.[11][12]

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

  1. ↑ "Leigh Creek Energy Limited > Our Business > Leigh Creek Energy Project". www.lcke.com.au. Retrieved 2015-10-16.
  2. ↑ "Gas lifeline thrown to embattled Leigh Creek - InDaily | Adelaide News". InDaily | Adelaide News. Retrieved 2015-10-16.
  3. ↑ "Leigh Creek Energy Limited > About Us > Our People - Board". 2016-04-15. Archived from the original on April 15, 2016. Retrieved 2016-04-30.
  4. 1 2 3 "Coal makes way for gas. Leigh Creek Energy eyes $1bn project as Alinta bows out". The Sydney Morning Herald. Retrieved 2016-04-30.
  5. ↑ "Share Price & Information - ASX". www.asx.com.au. Retrieved 2015-10-17.
  6. 1 2 "Leigh Creek Energy Limited ASX Announcement" (PDF). 2015-10-15. Retrieved 2016-04-30.
  7. ↑ "Peter Williams is chairman of Marathon Resources". ABC News. 2011-07-26. Retrieved 2016-04-30.
  8. ↑ "The Hon. Chris Schacht - The Australia China Development Company". The Australia China Development Company. Retrieved 2016-04-30.
  9. ↑ Legal action against Linc grinds to halt The Advertiser, 15 April 2016. Retrieved 2016-05-06.
  10. ↑ Linc Energy to stand trial over alleged gas breach at Chinchilla trial site ABC News, 11 March 2016. Retrieved 2016-05-06.
  11. ↑ UCG banned immediately in Queensland, laws to follow, Mines Minister Anthony Lynham says ABC News, 18 April 2016. Retrieved 2016-05-06.<
  12. ↑ "Coal gasification ban 'a surprise' to Linc Energy administrator". ABC News. 2016-04-27. Retrieved 2016-04-30.
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