Linc Energy Limited

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to provide the following update on its key activities: Completion of Rancher Acquisition Linc Energy's wholly owned subsidiary, Linc Energy Petroleum (Wyoming) Inc., has completed the previously announced purchase of three producing oil fields (approximately 27,856 acres) from Rancher Energy Corp., a Nevada Corporation currently in bankruptcy.

Linc Energy (ASX:LNC) (PINK:LNCGY) is pleased to announce that it has signed an exclusive agreement with PowerHouse Energy Inc (PowerHouse), a leading provider of onsite clean energy systems that use traditional and renewable forms of fuel (waste, biomass and coal) to generate electricity and synthetic gas in an environmentally responsible way.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that Chief Executive Officer Peter Bond, will drive a diesel car from Queensland to Perth, a distance of over 5,500 kilometres, on ultra clean diesel fuel created from the company's own Underground Coal Gasification and Gas to Liquids technologies.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly owned subsidiary, Linc Energy Petroleum (Wyoming) Inc., has acquired three producing oil fields (approximately 27,856 acres) from Rancher Energy Corp., securing immediate oil production and a significant CO2 enhanced oil recovery opportunity.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) advise that immediately following the completion of the the Company's gas exploration well (LEA #1) in the Point Mackenzie Block of the Cook Inlet Basin in 2010, external contractors were engaged to conduct advanced petrophysical well log analysis and Linc Energy staff commenced planning of the gas flow testing program to define the commercial outcome.

Linc Energy Ltd (ASX:LNC) (PINK:LNCGY) announce it will conduct an aggressive oil and gas exploration program to the value of A$9 million on its petroleum and exploration tenements in the Arckaringa Basin, South Australia.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) confirm that it is business as usual for the Company's Chinchilla Underground Coal Gasification to Gas to Liquids demonstration facility in south west Queensland.

Linc Energy Ltd (ASX:LNC) (PINK:LNCGY) announce that it has been successful in its tender to the Alaska Mental Health Trust Authority for the grant of 181,414 acres of Underground Coal Gasification coal exploration licences in Alaska.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce it will continue its Memorandum of Understanding (MoU) with BP Australia Pty Ltd, which entitles BP Australia to take at least 70 per cent per day of produced synthetic diesel fuel from Linc Energy's Underground Coal Gasification (UCG) to Gas to Liquids (GTL) facility proposed for South Australia.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) advises that despite recent widespread flooding across Queensland, including the lower lying areas of Chinchilla (Queensland), Linc Energy and its staff in Chinchilla have managed to escape flood damage to the site and staff homes.