Chile sees Chaucer Energy’s ISG as potential solution to energy supply problems

Chaucer Energy announced a new technology called In Situ Gasification (ISG). Chile has embraced ISG as a potential solution to its energy supply problems. Chaucer is offering up to 27.5 million shares at $0.20, with a minimum subscription of $4.5 million and a maximum raise of $5.5 million. The company has identified three potential projects areas in southern Chile and has been granted exploration mining concessions near the town of Maullin as well as two other separate areas in the Magallan Basin: Rio Perez and Isla Riesco.