Linc Energy Limited

Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce the progress that Adani has made since they completed the acquisition in August 2010. In the last three months Adani has opened a Brisbane office, filed a Mining Lease application (MLa 70441), commenced extensive drilling on the site, filed an Initial Advice Statement and appointed consultants to conduct the Environmental Impact Statement (EIS). Late last month, the Carmichael coal mine and rail project was declared a significant project by the State Government.

Linc Energy (ASX:LNC) (OTCQX:LNCGY) is pleased to announce the appointment of Mr Oliver Yates as Acting Chairman to take effect following Mr Brian Johnson's retirement at the conclusion of today's Annual General Meeting.

Linc Energy (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that it is currently working with potential buyers of the Teresa coal resource whilst continuing to develop and de-risk the asset even further with four more core holes drilled in the resource and more detailed work around port and rail access.

Linc Energy (ASX:LNC) (OTCQX:LNCGY) is pleased to report that it has completed the drilling of the LEA #1 exploration well in the Point Mackenzie Block of the Cook Inlet Basin in Alaska, USA.

Further to the recently announced expansion of the Board, Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that Mr Brook Burke, currently a Senior Legal Counsel in the Company's Brisbane office, has been appointed to the role of Company Secretary.

Further to its previous announcement of 14 July 2010, Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that it has now spudded its first gas exploration well (LEA #1) on the Company's oil and gas leases located in the Cook Inlet Basin.

Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it has exercised its option to acquire 10 per cent of AFC Energy (AIM:AFC), a UK-based and London Stock Exchange AIM market listed hydrogen fuel cell company focused on the development and construction of low cost hydrogen fuel cells for the cleanest power generation.

Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it has entered into a Memorandum of Understanding (MOU) with a leading German carbon capture and storage (CCS) research centre to develop and apply CCS technology to Company's Underground Coal Gasification (UCG) operations.

Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it has more than doubled its Underground Coal Gasification (UCG) Gasifier 4 syngas flow rates, with the workover processes recently completed with its newly acquired coil tubing unit equipment.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) today announces that Mr Brian Johnson has advised the Board that he intends to stand down as Chairman and resign from the Board at the Annual General Meeting in November this year.