Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly-owned subsidiary, Linc Energy (Alaska) Inc., has acquired a controlling interest in the Umiat oil field, which is located in the National Petroleum Reserve, Alaska (NPRA), approximately 140 miles southwest of Prudhoe Bay and approximately 80 miles west of the Trans-Alaska Pipeline System.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that it has spudded its first oil well, Haystack 1, in the Arckaringa Basin, South Australia as part of its extensive 10 well oil exploration program in the region.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly-owned subsidiary, Linc Gulf Coast Petroleum Inc., has acquired 14 producing oil fields (consisting of 156 leases covering approximately 13,400 acres) from ERG Resources LLC., for a price of US$236 million. The acquisition secures immediate oil production of approximately 3,300 barrels per day, and a significant CO2 enhanced oil recovery opportunity.
Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) is pleased to announce that the Company's joint project with Mulpun Energy, a subsidiary of Antofagasta Minerals S.A., has reached a major development milestone with sign off by both parties following the achievement of key Phase 1 deliverables. The project will now move forward with the formalisation of the Joint Venture Company.
Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) developer of Australia's first syngas-fuelled power station is pleased to advise that the testing and commissioning program for its 5 MW Power Station is continuing to progress well.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) wishes to respond to a report appearing in today's Dow Jones Newswires in relation to the potential sale of its Teresa coal asset.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has completed its first objective in the exploration program of the Point Mackenzie Block, Cook Inlet Basin by drilling and testing the LEA#1 wildcat well. This block of petroleum leases was acquired from GeoPetro Resources (AMEX:GPR) in March 2010 along with the Trading Bay Block acreage. A condition of the acquisition included drilling to test a geologic structure identified by GeoPetro from reprocessed seismic data upon the LEA#1 site.
