Linc Energy Limited

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that it has commenced exploration and appraisal drilling of its Galilee Basin tenement area.
Prior to the commencement of drilling, Linc Energy commissioned Xenith Consulting Pty Ltd to review historical data within its Galilee Basin tenement area to confirm the exploration targets.

Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that it has signed a purchase agreement to acquire a 100% interest in 92,059 acres of coal tenement lease areas in the Powder River Basin in Wyoming USA from GasTech Inc, a company based in Casper Wyoming.

Yesterday the Australian shares market appeared to be decoupled from Wall Street. The local shares shrugged off the bad lead of US stocks and finished firmer with rising in all sub-sectors, as traders put more of their attention to the local news. The benchmark S&P/ASX200 was up 2%, or 74.8 points, at 3743, while the broader All Ordinaries surged 1.9%, or 68.6 points, at 3695.8.

Linc Energy Limited (ASX:LNC)(PINK:LNCGY) officially opened its Chinchilla Demonstration Facility on Wednesday 22nd April 2009 with strong support from international project partners and Government representatives.

Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that it has recently agreed to negotiate on an exclusive basis with one party in relation to the coal tenement sale process.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce the successful completion of negotiations with its project partners, Marubeni Corporation, the Vietnam National Coal - Mineral Industries Group (Vinacomin) and Song Hong Energy of the Civil Works Contract and Works Contract to undertake Stage 1 of the Underground Coal Gasification (UCG) Tonkin project in the Red River Delta region of Vietnam.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) is pleased to advise the appointment of Mr Rob Stratford as Chief Financial Officer, effective April 20, 2009.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) Following the acquisition of SAPEX Limited in late 2008, good progress has been made this year to complete the integration of the two businesses and in determining exploration work programs to begin to identify how the significant value of the exploration tenements in South Australia will be unlocked.

The Australian share market closed marginally lower as financial stocks plunged. The benchmark S&P/ASX200 fell 14 points, or 0.4 per cent, to close at 3465.8, while the broader All Ordinaries was down 11.4 points, or 0.33 per cent, to 3405.0. Analysts said it will be difficult for the market to rally as the previous two weeks. The rise in the period took the S&P/ASX200 index up by more than 10%.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) is pleased to announce that its negotiating team was formally notified on Friday, 20th March 2009 that, other than Australian governmental approvals, all necessary approvals have now been obtained by the parties with whom negotiations have been continuing since late 2008 for the proposed purchase of the Emerald (Teresa) coal tenements.