
Linc Energy Limited
News
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that it has signed an exclusive agreement with the UK-based Fuel Cell Technology company AFC Energy Plc (AIM:AFC)(PINK:AFGYF) (listed on the London Aim Market) and its related company, B9 Coal.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce an initial resource statement in accordance with the JORC Code of 7.8 billion tonnes of coal at its Galilee tenement in Queensland.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that it has extended its Memorandum of Understanding (MOU) with BP Australia Pty Ltd. This MOU allows for BP Australia to be the first customer to purchase a minimum of 14,000 barrels per day of Ultra-Clean diesel to be produced at Linc Energy's first production plant to be commissioned in South Australia.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce the completion of an initial drilling program near the town of Orroroo in South Australia. The exploration area is within PEL 120 (St Vincent and Walloway Basin Block which forms part of the SAPEX leases). The location is approximately 90km (56 miles) south east of Port Augusta.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) announced the successful completion of an institutional placement of 41 million new ordinary shares at A$1.40 per share to raise A$57.4 million in capital. The placement was oversubscribed and Linc Energy received strong support from existing and new institutional investors.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that Mr Anton Rohner has been appointed to the position of Chief Financial Officer of the Company and will commence in November 2009. Mr Rohner brings over 19 years experience to the role; the most recent 10 years being in the energy industry, and prior to this in the Mining and Resources sector.
Wall Street ended its three-day rally after mixed economic data overnight. New claims for unemployment benefits in the US fell for the second consecutive week, but housing starts rose a less-than-expected 1.5 per cent compared with the prior month.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) Share Purchase Plan (SPP) closed at 5.00pm (AEST) 4 September 2009. Applications amounting to approximately AU$7.708 million worth of fully paid ordinary shares were received from eligible shareholders who participated in the SPP.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that it has completed the purchase of 92,059 acres of coal lease areas in the Powder River Basin in Wyoming, USA, the details of which were previously announced to the market on 14 May 2009.
Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is very pleased to report that initial results from its Galilee Basin tenement area have exceed expectations and provided the basis for a significant increase in the Company's coal mineralization exploration target from 3.0 - 3.4 billion tones to 5.0 - 5.5 billion tonnes in accordance with the JORC Code. MDLa 372 covers an area of some 261 km2.
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