Wildhorse Energy Ltd, a specialist in coal gasification and uranium projects across Central Europe, has signed a Memorandum of Understanding setting out installation terms for a new ASU courtesy of Air Liquide.
Under terms of the document, Air Liquide will evaluate the technical and commercial conditions for installation of a new state of the art air separation unit on Wildhorse Energy's UCG project in Mecsek Hills, Hungary. In addition the French industrial gas provider will also develop a final proposal for oxygen supply to WHE based upon its prior evaluation.
Wildhorse Energy's Managing Director, Matt Swinney, described the move as a $quot;significant milestone.$quot; He elaborated, $quot;This agreement represents a significant milestone in completing our ongoing PFS on the Mecsek Hills UCG Project and in turn towards achieving our target of becoming a leading unconventional energy supplier in Central Europe.$quot;
Swinney continued, $quot;We believe that Air Liquide's decision to undertake an MOU with WHE demonstrates its support to our strategy, ambitions and prospects in the region. With our PFS due for completion during Q1 2012, we are very much looking forward to working closely with Air Liquide, the world leader in its field, as we develop our Mecsek concession towards production.$quot;