Linc Energy Ltd

Stock Exchange Listing ASX: LNC, OTCQX: LNCGY Company profile Linc Energy is an innovative, forward-thinking company developing a significant energy business based on the production of cleaner energy solutions. The Company has successfully combined two known technologies, Underground Gasification (UCG) and (GTL) and has demonstrated its vision of being a leading supplier of a new source of cleaner liquid transport fuels for the future. UCG technology provides access to coal, deep underground and by in-situ gasification produces a high quality synthesis gas () containing carbon monoxide and hydrogen. Aboveground, in the GTL process, syngas is processed via Fischer-Tropsch technology to produce high quality, sulphur free synthetic hydrocarbons. Linc Energy plans to combine its UCG and GTL technologies commercially at sites in and around the globe as it realises its vision of becoming the world’s leader in providing cleaner synthetic diesel and jet fuels from stranded coal resources.

Click here to access the company's 2009 Annual Report

Recent Developments

Oil shows at Maglia-1 in the Arckaringa Basin; Start up of UCG Generator 4 and production of syngas at Chinchilla, Queensland; Increase in its Galilee tenement coal tonnage to 7.8 billion tonnes coal resource (in accordance with JORC code); Increase in its coal lead holdings in the USA to 173,327 acres held across Wyoming, Montana and North Dakota. Future Outlook

Continue exploration program in ; continue the development of Linc Energy’s first commercial UCG operation in the Walloway Basin (South Australia) and continuing to build on Linc Energy’s portfolio of coal resources.

Significant Contractual Arrangements

Memorandum of Understanding with BP Australia as its first major customer to purchase a minimum of 14,000 bpd of ultra- clean diesel to be produced at Linc Energy’s first production plant to be commissioned in South Australia.

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