Adani Enterprises Limited

Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) announce that it has signed a Memorandum of Understanding with Adani Enterprises Ltd (BOM:512599) (NSE:ADANIENT), a member of the Adani Group of India, for the purpose of establishing a joint venture in India to pursue Underground Coal Gasification.

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 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.

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 Limited (ASX:LNC) (PINK:LNCGY) has become aware of the media and market speculation overnight as a consequence of an article published in The Economic Times in India regarding an impending sale of one of Linc Energy's non-core assets in Queensland to Adani Enterprises.