Linc Energy Limited (ASX:LNC) (PINK:LNCGY) wishes to announce that the sale process for its Teresa coal tenement, located in Queensland, Australia, is continuing with the Company having received a strong level of interest from a number of parties and now progressing to the final stage of negotiations with the top four bidding groups prior to binding offers.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that, after further discussions with ERG Resources L.L.C, a general agreement has been reached between the two groups which will allows the parties to progress the sale process of ERG's USA Gulf Coast oil and gas assets to Linc Energy over the coming weeks.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) refers to its announcement on 20 July 2011 in relation to its wholly owned subsidiary, Linc Gulf Coast Petroleum Inc. terminating its contract with ERG Resources LLC.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) wishes to advise that its wholly owned subsidiary, Linc Gulf Coast Petroleum Inc., has terminated the contract (previously announced on 6 June 2011) to acquire oil field assets in Texas and Louisiana from ERG Resources LLC.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) is pleased to announce that its wholly-owned subsidiary, Linc Energy (Alaska) Inc., has finalised today the purchase of Renaissance LLC, which holds an 84.5% interest in Renaissance Umiat LLC. Renaissance Umiat LLC holds a 100% working interest in the Umiat oil field and an 80% net revenue interest in the project. The purchase was previously announced on 16 June 2011.
Asian Activities Report for July 1, 2011 includes: Cougar Energy (ASX:CXY) updated on projects in China and Mongolia; Advanced Explorations Inc. (CVE:AXI) announced positive voting results for the proposed Joint Venture with Xinxing Ductile Iron Pipes Co., Ltd (SHE:000778); Silver Mines Limited (ASX:SVL) announced the first drilling results from its 100% owned Webbs Silver Project; Bow Energy Limited (ASX:BOW) said today that the Cuisinier oil field in Queensland has produced more than 63,000 barrels of oil.
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) said today that the Governor of Alaska, Sean Parnell, supported the acquisition by Linc Energy Ltd through its wholly-owned subsidiary, Linc Energy (Alaska) Inc., of a controlling interest in the One Billion Barrel (OOIP) Umiat oil field, which is located in the National Petroleum Reserve, Alaska (NPRA).
