Linc Energy Limited

Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it has awarded a pre-feasibility study contract on a proposed Underground Coal Gasification (UCG) for power generation project in South Australia to UHDE Shedden and Sinclair Knight Merz (SKM). The pre-feasibility study is anticipated to be completed by the end of the year and will primarily focus on a commercial UCG power project with numerous UCG gasifiers to feed synthesis gas (syngas) to a gas-fired power plant.

Bowen Energy Limited (ASX:BWN), an Australian coal and uranium exploration company, said today that India's Bhushan Steel (BOM:500055) has made an on-market takeover bid at a price of A$0.10 per share for all of the fully paid ordinary shares in the company.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to advise their intention to declarea fully franked dividend of A$0.10 cents per share on 8 October 2010.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that the transaction with Adani Mining Pty Ltd ("Adani"), a subsidiary of Adani Enterprises Ltd (BOM:512599), for sale of the Galilee Tenement (EPC 1690) has now been completed and A$500 million in cleared funds has been deposited into Linc Energy's bank account today.

Bandanna Energy Limited (ASX:BND) and its farmin and co-venturer, AMCI (Alpha) Pty Ltd, have welcomed the release of the Queensland Government's draft Terms of Reference (ToR) for their proposed A$1.5 billion South Galilee coal project west of Rockhampton.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce the sale of its noncore coal tenement in the Galilee Basin, EPC 1690, to Adani Mining Pty Ltd ("Adani"), a subsidiary of Adani Enterprises Ltd (BOM:512599), for A$500 million in cash and a A$2 per tonne royalty (indexed for C.P.I) for the first twenty years of coal production, creating a total estimated revenue stream of approximately A$3 billion to be paid to Linc Energy.

Bandanna Energy Limited (ASX:BND) has stepped up its drilling activity with the addition of a sixth drill rig. Three rigs are now currently drilling in Bandanna's Golden Triangle area and three, operated by AMCI, are drilling in the South Galilee Project area.

Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has become aware of further media and market speculation this morning as a consequence of articles published in today's Australian, The Age and Sydney Morning Herald newspapers regarding an impending sale of one of Linc Energy's non-core assets in Queensland to Adani Enterprises (BOM:512599).

Linc Energy Ltd (ASX:LNC) (PINK:LNCGY) has introduced the use of its recently acquired coil tubing unit to its Underground Coal Gasification (UCG) operations at its Chinchilla Demonstration Facility.

Linc Energy (ASX:LNC) (PINK:LNCGY) releases Quarterly Report For The Period Ended 30 June 2010.