Quarterly Activities Report and Appendix 5B
Brisbane, April 30, 2012 AEST (ABN Newswire) - Linc Energy Limited (
ASX:LNC) is pleased to provide its Quarterly Activities Report and Appendix 5B for the quarter ended 31 March 2012.
HIGHLIGHTS
Oil & Gas
- Continuation of Umiat permitting activities, community and agency consultation and development of the Project Description and Plan of Development in anticipation of the 2012-13 drilling season
- Drilling and completion of the Welch Foundation #3 well at Hoskins Mound, Texas
- Continuation of drilling program with new wells commenced at Barbers Hill and Black Bayou, Texas
- Recommenced re-completions on the J.B. Watkins #154 well at Black Bayou and the Constantin #2 well at Leeville, Lousiana
- Operations remain on track to achieve targeted increases in production over 2012 ? MoU entered into with ExxonMobil for CO2 in Wyoming
Clean Energy
- Significant progress made towards securing cornerstone investor and joint venture partner in China - GCL Projects Ltd
- Successful continuation of operation of multiple gasifiers into the Downstream Processing Facility at Chinchilla
- Progress towards completion of necessary applications for the proposed gasifier 6 UCG Demonstration Project in Wyoming
- Progress of UCG in Poland including conclusion of land access agreements and identification of exploration drilling sites and establishment of Krakow project office to support activities
Coal
- The development of the proposed Teresa coal asset continues to proceed to plan
- All required equipment and services have been sourced in preparation for initial 91 hole drilling program on the Teresa project site planned for April 2012
- Terms of Reference for the Teresa project as part of the Environmental Impact Statement process requirements was made available for public consultation
Sapex
- Identified shale oil opportunities in the Arkaringa Basin
- More than 1,000km of 3D Seismic have identified traditional oil opportunities
- In the final stages of securing two new Cooper Basin petroleum leases
- Aim to do more 3D seismic on key sites to define future drilling targets of both shale oil and traditional oil
To view the complete Linc Energy Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-LNC-241548.pdf
Contact
Linc Energy Limited
T: +61-7-3229-0800
F: +61-7-3229-6800
WWW: www.lincenergy.com.au
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