Linc Energy Limited

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) 3rd Underground Coal Gasification (UCG) generator trial at Chinchilla began in August 2008 and has now been operating continuously for almost seven months, making it in its own right one of the longest-running western world UCG trials to date.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) 3rd Underground Coal Gasification (UCG) generator trial at Chinchilla began in August 2008 and has now been operating continuously for almost seven months, making it in its own right one of the longest-running western world UCG trials to date.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) 3rd Underground Coal Gasification (UCG) generator trial at Chinchilla began in August 2008 and has now been operating continuously for almost seven months, making it in its own right one of the longest-running western world UCG trials to date.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) 3rd Underground Coal Gasification (UCG) generator trial at Chinchilla began in August 2008 and has now been operating continuously for almost seven months, making it in its own right one of the longest-running western world UCG trials to date.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) can report that it has increased its coal resource estimate for its Chinchilla project area which currently lies within MDL 309, EPC 635 and EPC 897.

Linc Energy Limited (ASX:LNC)(PINK:LNCYF) wishes to confirm that it is still in active negotiations with our Chinese counterparts concerning the purchase of its Emerald (Teresa) coal tenements in Queensland.

This announcement is in response to an article on page 23 of The Australian newspaper today in relation to sale of Linc Energy Ltd's (ASX:LNC)(PINK:LNCYF) Emerald (Teresa) coal exploration permits.

Linc Energy Ltd (ASX:LNC)(PINK:LNCYF) Quarterly Activities Report to Dec 31, 2008

Yesterday the Australian market closed slightly lower led by Rio(ASX:RIO) and BHP(ASX:BHP), although metals prices were higher on the dropping of US dollar and rising Chinese imports. The benchmark S&P/ASX200 index closed down 26 points, or 0.73%, to 3531.4, while the broader All Ordinaries index fell 24.1 points, or 0.69%, to 3468.2.

Linc Energy Ltd (ASX:LNC)(PINK:LNCYF) announced today that negotiations have progressed particularly well over the past three to four week and it remains confident that it will complete the sale of its Emerald (Teresa) coal tenements for AU$1.5 billion.