Linc Energy Ltd

Stock Exchange Listing

ASX: LNC, OTCQX: LNCGY

Company profile

Linc Energy is a diversified energy company leveraging innovative technology to unlock the value from its resources. Linc Energy has a strong portfolio of , gas, and oil tenements across and the United States and looks to unlock the value and energy potential of these through Underground Coal Gasification (UCG) activities, the sale of valuable coal assets, oil and gas operations, and enhanced oil recovery. UCG converts deep underground coal deposits into high quality, low cost synthesis gas (), without removing the coal from the ground. Using UCG technology Linc Energy can create products high in demand, with high economic value, by producing syngas for cleaner power generation, superior fuel production through specialised (GTL) processes, and chemical manufacture. With an Australian market capitalisation of about $800 million, and over 360 staff across three continents, Linc Energy now plans to bring UCG to the Australian and United States markets to unlock stranded energy from its resources.

Click here to access the company's 2009 Annual Report

Operations

Australia During 2011, Linc Energy will conduct drilling for oil and gas on tenements in ’s Arckaringa Basin. Drilling will also be conducted in the Walloway Basin, also in South Australia, for a suitable location for UCG. Activities continue at Linc Energy’s world-class Chinchilla Demonstration Facility, where the advancement and operation of UCG and GTL technologies support their commercialisation for cleaner energy solutions. United States Drilling will soon be conducted on Linc Energy’s Wyoming tenements for water monitoring purposes and the establishment of a UCG demonstration gasifier. Drilling on oil and gas tenements in Alaska will also be conducted to establish the natural gas potential of the resource. Yerostigaz Linc Energy has the controlling ownership of the only commercial UCG operation in the world, located in Uzbekistan. Operations continue to produce 1,000,000 Nm3 of quality syngas per day for the nearby power station. Work continues with Linc Energy and its partners to develop a trial UCG site in the Red River Delta region to then commercial for much needed power to the area.

This profile is provided by Linc Energy Ltd; ASX takes no responsibility for the information included. Participation in this event should not be taken as an endorsement by ASX of the company.

Smellie & Co Buliding, 12 Edward Street, Brisbane, Queensland, 4000 Telephone: +61 7 3229 0800 Email: [email protected] Website: www.lincenergy.com.au Linc Energy Ltd

Recent Developments

Funding secured with the sale of Galilee Basin coal tenement to India’s Adani Mining Pty Ltd for $A500 million, plus $A2 per tonne production royalty to be received over the next 20 years Over 20 world-first achievements in UCG technology with the design, construction, and commission of UCG Gasifier 4 at Linc Energy’s Chinchilla Demonstration Facility Exploration on tenements in South Australia revealed the most significant ‘oil show’ in the history of the Arckaringa Basin to date. Further oil exploration is planned for 2011. Securing a strong tenement position in the United States to diversify resource risk. Linc Energy now has coal, oil and gas tenements across the states of Alaska, Montana, North Dakota, and Wyoming.

This profile is provided by Linc Energy Ltd; ASX takes no responsibility for the information included. Participation in this event should not be taken as an endorsement by ASX of the company.

Smellie & Co Buliding, 12 Edward Street, Brisbane, Queensland, 4000 Telephone: +61 7 3229 0800 Email: [email protected] Website: www.lincenergy.com.au