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been involved in transforming underperformingcompanies into valuable assets, in both Australia and overseas. From late 2004, and in just three years, Bond hastransformed Linc Energy from a small start-up, to a successful IPO on the AustralianSecurities Exchange (ASX) - and onto becoming anAU$2 billion ASX200 company. Mr Bond is also amember of the BRW Australian Rich List and isknown for his philanthropic efforts.and storage (CCS) opportunities and considering thesefor application to exhausted UCG cavities. Academicresearch suggests that UCG cavities could absorb up to400 times more carbon than traditional CCS methodsdue to the effect of the UCG process on thesurrounding coal seam. From an economical andenvironmental standpoint, UCG to CCS is a very worthycontender in the pursuit of reducing global carbonemissions. Basically, once operations are complete,UCG cavities remain ready for re-use and carbondioxide can be injected with no requirement foradditional infrastructure or drilling6. The company has now signed an exclusive agreementwith Helmholtz Centre Potsdam GFZ GermanResearch Centre for Geosciences to develop and applyCCS with its UCG technology. The research willconfirm the exact quantity of carbon dioxide that isable to be stored in any single UCG cavity. As nationscontinue to seek the amount of energy required tosustain their industries and economies, UCG cavitiescould become just as attractive as the cleanerdownstream products available from UCG syngas -that is cleaner power and transport fuels. Also, with by-products from the UCG process able to be used forenhanced oil recovery processes, greater energysolutions are possible.Following the oil spill in the Gulf of Mexico, PresidentBarack Obama addressed his constituents stating thateach day the United States sends nearly US$1 billionof its wealth to foreign countries for their oil7. Now, asindustrial nations tally their coal, oil and gas reservesand contemplate the remaining years of supply, UCGoffers a genuine opportunity for countries like theUnited States to gain greater energy independence andtap into coal reserves previously consideredinaccessible. I believe UCG offers coal-rich nations theability to produce cleaner power and transport fuelswithin their borders, whilst also offering mechanismsto achieve a carbon neutral footprint. I also believe,with cheap UCG syngas and by-product options, thetechnology supports the recovery of a significantamount of oil from once-thought irrecoverable anddepleted oil reservoirs. It is now time to take note thatUCG is truly the new energy frontier. nFor more informatinon, visit: www.lincenergy.com.auABOUT THE AUTHORPeter Bond is Chief Executive Officer of Linc Energy Ltd. He began his career in mining thirty years ago, after training as a metallurgist at BHP. At the age of 23, his entrepreneurial streak shone and he personally raked and hand cleaned over 1,000 tonnes of coal, which he sold to a brick company for AU$17,000.After years in the coal industry, Mr Bond went on to own his own coal company. Since then he has 096G-20 MEMBERSAbove:Linc Energy'sworld-class ChinchillaDemonstration Facility isthe birthplace of cleanerenergy for the westernworld

G-20 MEMBERS0981 'What is the role of coal in the UnitedStates?', US Energy InformationAdministration Independent Statisticsand Analysis:http://www.eia.doe.gov/energy_in_brief/role_coal_us.cfm - accessed 14October 2010.2 Chapter 5 'Coal', Australian EnergyResource Assessment, 2010,Geoscience Australia.3 'How independent are we on foreignoil?', US Energy InformationAdministration Independent Statisticsand Analysis:http://www.eia.gov/energy_in_brief/foreign_oil_dependence.cfm - accessed 14October 2010.4 Underground Coal Gasificationchapter, Survey of Energy Resources,2007, World Energy Council.5 Compared with coal-fired powergeneration.6 Kempka, T., Nakaten, N., Azzam, R.,and Schl├╝ter, R., 2009, 'Economicviability of in-situ coal gasification withdownstream CO2storage, MiningReporter, Germany, pp43-50.7 'Remarks by the President to theNation on the BP Oil Spill', Office of thePress Secretary, The White House, 15June 2010:http://www.whitehouse.gov/the-press-office/remarks-president-nation-bp-oil-spill - accessed 14 October 2010.REFERENCES