Linc Energy Limited

Linc Energy Limited's (ASX:LNC) (PINK:LNCGY) sale of coal tenements at Emerald, Pentland and Galilee is progressing albeit more slowly than hoped. The Company continues to pursue sale outcomes that reflect full and fair value for these high quality assets on behalf of its shareholders. Discussions and negotiations are continuing with a number of overseas interests and Australian based mining houses. The interested parties are in some cases negotiating to buy all three assets and in other cases individual assets.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly owned subsidiary, Linc Energy (Alaska), Inc., has executed an agreement with GeoPetro Alaska LLC to acquire onshore oil and gas leases in the resource abundant Alaskan Cook Inlet Basin, securing potential short-term revenue opportunities.

ABN Newswire stocks to watch today include: Brickworks Limited (ASX:BKW), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and The NewSat Limited (ASX:NWT) (OTC:NWTLY).

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce interim results from the first round of drilling in its Arckaringa Basin Petroleum Exploration Licenses (PEL's) aimed at assessing the suitability of the Permian Mount Toondina coal seams for Underground Coal Gasification (UCG) and, indirectly, also assessing the Coal Seam Gas (CSG) potential at the selected locations.

Australian shares ended lower on Thursday after a weaker-than-expected ABS retail sales data and Myer's disappointing result for first half FY2010. The benchmark S&P/ASX200 index closed 26.3 points, or 0.57 per cent lower, at 4621.6, while the broader All Ordinaries index gave up 29.1 points, or 0.62 per cent, to 4644.1.

Linc Energy Limited (ASX:LNC) (PINK:LNCYF) is pleased to report that the construction of Chinchilla Underground Coal Gasification (UCG) Generator 4 is now complete and the generator is now operational and producing synthesis gas (syngas).

Linc Energy Limited (ASX:LNC) is a leader in Underground Coal Gasification (UCG). They produce a synthetic gas which can be used either for power generation or turned back into a liquid for synthetic fuel production. The company objective is to commercialize underground coal gasification first in South Australia.

ABN Newswire Stocks to Watch today include: iSOFT Group Limited (ASX:ISF), Mt Isa Metals Limited (ASX:MET), Rex Minerals Limited (ASX:RXM), NewSat Limited (ASX:NWT) (PINK:NWTLY), Carbon Energy Limited (ASX:CNX) (PINK:CNXAF), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and Beach Energy Limited (ASX:BPT) (PINK:BEPTF).

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce the appointment of Jon Mathews to its Board of Directors. Mr Mathews has been appointed as a Non-Executive Director, effective immediately.

ABN Newswire Stocks to Watch today include: Linc Energy Limited (ASX:LNC)(PINK:LNCGY), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), iSOFT Group Limited (ASX:ISF), Havilah Resources Limited (ASX:HAV), Drillsearch Energy Limited (ASX:DLS)(PINK:DRLLF), Metallica Minerals Limited (ASX:MLM) and Otto Energy Limited (ASX:OEL)(PINK:OTTEF).