Linc Energy Limited

Linc Energy Limited (ASX:LNC) is pleased to announce that it has submitted a permit application and commenced the approval process with the Wyoming Department of Environmental Quality (WDEQ) to build and operate a Underground Coal Gasification (UCG) demonstration plant in one of the richest coal resource sites in the world - Wyoming's Powder River Basin (PRB).

Linc Energy Ltd (ASX:LNC) is pleased to announce the completion and start-up of its fifth gasifier at Chinchilla, Australia, which was commissioned and producing UCG Syngas at approximately 1800 hours on Saturday 22 October 2011. This represents the final phase in the technological development of Linc Energy's UCG technology prior to its commercial roll-out.

Linc Energy Ltd (ASX:LNC) is pleased to announce that its wholly owned United Kingdom (UK) subsidiary, Linc Energy Operations Ltd, has signed a Memorandum of Understanding (MOU) with UK Coal Mining Ltd (LON:UKC), one of the largest land holders and biggest coal producers in the UK.

Linc Energy Ltd (ASX:LNC) is pleased to announce that its wholly owned subsidiary, Linc Gulf Coast Petroleum, Inc. ("Linc Gulf Coast"), has finalized its purchase of oil and gas assets from ERG Resources L.L.C. ("ERG").

Linc Energy Limited (ASX:LNC) is pleased to announce that the South Australian Government is pro-actively supportive of Linc Energy's Oil Shale exploration and development program.

Linc Energy Ltd (ASX:LNC) is pleased to announce the discovery of a significant oil shale deposit within the Stuart Range Formation located in Linc Energy's Petroleum Exploration Licence (PEL) 122 and projected to extend into the adjoining PEL 121 in the Arckaringa Basin in South Australia.

Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) today announced its intention to conduct an on-market buy-back of up to 5% of the Company's fully paid ordinary shares. The Company has elected to undertake an on-market securities buy-back as a capital management strategy due to the opportunity presented by the current share price.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) wishes to announce that the sale process for its Teresa coal tenement, located in Queensland, Australia, is continuing with the Company having received a strong level of interest from a number of parties and now progressing to the final stage of negotiations with the top four bidding groups prior to binding offers.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that, after further discussions with ERG Resources L.L.C, a general agreement has been reached between the two groups which will allows the parties to progress the sale process of ERG's USA Gulf Coast oil and gas assets to Linc Energy over the coming weeks.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) refers to its announcement on 20 July 2011 in relation to its wholly owned subsidiary, Linc Gulf Coast Petroleum Inc. terminating its contract with ERG Resources LLC.