Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) welcomes the Queensland Department of Environment & Resource Management's (DERM) announcement that recent comprehensive testing of water quality in Kogan Creek found no concerns.
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.
Bandanna Energy Limited (ASX:BND) and its farmin and co-venturer, AMCI (Alpha) Pty Ltd, have welcomed the release of the Queensland Government's draft Terms of Reference (ToR) for their proposed A$1.5 billion South Galilee coal project west of Rockhampton.
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).
Carbon Energy Limited (ASX:CNX) (PINK:CNXAF) has noted recent media commentary that could lead some observers to infer that water runoff from the Company's Underground Coal Gasification (UCG) facility at Bloodwood Creek near Dalby could be linked to non-hazardous levels of petroleum hydrocarbons and mercury allegedly found in Kogan Creek during testing by the Department of Environment and Resource Management (DERM).
