Linc Energy
QUEENSLAND, Australia, June 6, 2011 -
Linc Energy has acquired, through its US subsidiary, 14 producing oil
fields on 156 leases spanning 13,400 acres in the Gulf Coast Region of Texas
and Louisiana in the United States, from ERG Resources LLC, at a purchase
price of US$236 million.
BRISBANE, Australia, August 3, 2010 - Linc Energy Chief Executive Officer Peter Bond today announced the sale
of one of his Company's non-core coal tenements in the Galilee Basin in
northwest Queensland to Adani Mining Pty Ltd, a subsidiary of Adani
Enterprises Ltd, for $A500 million in cash and a $2 per tonne royalty
(indexed for C.P.I.) for the first twenty years of coal production, creating
a total cash stream of approximately $3.0 billion.
BRISBANE, Australia, June 29, 2010 - Linc Energy the world leader in Underground Coal Gasification (UCG)
technology, and AFC Energy (LSE: AFC), the world's leading developer of
low-cost alkaline fuel cells, have successfully trialled hydrogen fuel cell
technology to produce electricity at Linc Energy's Chinchilla Demonstration
Facility in Queensland.
