$LCK - LEIGH CREEK - 60% Recovery Opportunity?

$LCK - LEIGH CREEK - 60% Recovery Opportunity?

Big sell off over the last couple of days so will have a punt at the recovery. Bought in at .27 and stops are in place. Support at .25 so don't see too much short term risk and with Australia moving into Winter this gas company could regain some of its lost momentum. Worth a watch.

About Leigh Creek

Leigh Creek Energy Limited is a gas company. The Company focuses on the development of its Leigh Creek Energy Project (LCEP). The LCEP is located within PEL 650 at Leigh Creek in central South Australia, approximately 550 kilometers north of Adelaide. The Company focuses on producing electricity, methane and fertilizer from remnant coal resources at Leigh Creek utilizing in situ gasification (ISG) technologies. The LCEP intends to extract the energy in coal through ISG methods to produce methane for sale into the eastern Australian gas pipeline network. The LCEP will also utilize waste gasses through an adjacent fertilizer plant to provide supply to farmers across South Australia reliant on imports. The Company also holds a range of exploration license applications (mining and petroleum), however all of these tenements are at an early-stage of evaluation.