Linc Energy Limited (ASX:LNC) Continues And Expands Its MOU With BP Australia
Linc Energy Limited (ASX:LNC) Continues And Expands Its MOU With BP Australia

Brisbane, Nov 16, 2009 AEST (ABN Newswire) - Linc Energy Limited (ASX:LNC)(PINK:LNCGY) is pleased to announce that it has extended its Memorandum of Understanding (MOU) with BP Australia Pty Ltd. This MOU allows for BP Australia to be the first customer to purchase a minimum of 14,000 barrels per day of Ultra-Clean diesel to be produced at Linc Energy's first production plant to be commissioned in South Australia.

The Memorandum of Understanding between BP Australia and Linc Energy is one of only a limited number offered in the market and provides BP with the opportunity to purchase up to 70 per cent of the initial 20,000 barrels of ultra-clean diesel and other clean fuels to be produced at the plant in a take or pay agreement.

Linc Energy's Chief Executive, Mr Peter Bond said "we are delighted to continue our good relationship with one of the world's largest energy companies by signing this MOU with a specific focus on South Australia. This dovetails nicely with our vision to produce ultra-clean diesel from our first commercial facility in South Australia."

Contact

Information for Media:
Mr Peter Bond
Chief Executive Officer
Tel: +61-7-3229-0800
Email: pab@lincenergy.com.au

ASX Contact:
Mr Craig Ricato
Company Secretary
Tel: +61-7-3229-0800
Email: craig.ricato@lincenergy.com.au

Information for investors:
Ms Janelle van de Velde
Manager, Investor Relations & Corporate Communications
Tel: +61-7-3229-0800
Email: janelle.vandevelde@lincenergy.com.au



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