Linc Energy Limited

Following inaccurate and misleading reports in local and national media over the weekend, Linc Energy (ASX:LNC) (PINK:LNCGY) again confirms that it is continuing to operate its UCG demonstration plant at Chinchilla and is not affected by the Queensland Department of Environment and Resource Management ("DERM") shut down of the Cougar Energy Kingaroy operation.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) confirms that it is continuing to operate its UCG demonstration plant at Chinchilla and is not affected by the Cougar Energy (ASX:CXY) shut down.

Further to the announcement made on 2 March 2010, Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly owned subsidiary, Linc Energy (Alaska), Inc., has completed the transaction with the successful acquisition of approximately 122,000 acres of State of Alaska and Alaskan Mental Health Trust oil and gas leases located in the Cook Inlet Basin, Alaska from GeoPetro Alaska LLC (NYSE:GPR).

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has become aware of the media and market speculation overnight as a consequence of an article published in The Economic Times in India regarding an impending sale of one of Linc Energy's non-core assets in Queensland to Adani Enterprises.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY), the world leader in Underground Coal Gasification (UCG) technology, and AFC Energy (LON: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.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce the following update to the market.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) announced today that its Underground Coal Gasification (UCG) team had successfully commenced and commissioned its 'oxygen injection' process at Chinchilla over the weekend. The Company's UCG team experienced an effective step change in the key quality gas measures within hours of commencing the oxygen enrichment process, including an increase in gas flow rates.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) announced today that the 'Henry Resource Tax Proposal' has not hindered its current ongoing coal asset sale discussions with most parties, stating the coal purchase is more about securing supply.

ABN Newswire stocks to watch today include: Murchison Metals Limited (ASX:MMX) (PINK:MUMTF), Burleson Energy Limited (ASX:BUR), Texon Petroleum Limited (ASX:TXN) and Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF).

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that it has today entered into a Convertible Loan Agreement (Agreement) with the New York institutional investor SpringTree Special Opportunities Fund, LP (SpringTree), managed by SpringTree Global Investors, LLC, for the provision of additional funding which will replace the undrawn AU$20 million Yorkville Advisors (formerly Cornell Capital Partners LP) facility.