Linc Energy is a Brisbane-headquartered company which has proposed to develop a "commercial Underground Coal Gasification (UCG) to Gas to Liquids (GTL) operation" in the Arckaringa Basin.
In January 2011, Linc Energy Ltd announced that it had been awarded the full 181,414 acres of underground coal gasification leases that it sought from the Alaska Mental Health Trust Authority, which granted the Alaska exploration licences for an undisclosed sum. Linc says the decision came after over six months of geological assessment and tender submissions, and that the company will "aggressively" conduct coal exploration for underground coal gasification over the next two years. Linc Energy posted a net loss of $16.26 million in the 2010 financial year.
Articles and Resources
- ↑ Linc Energy, "Linc Energy Ltd (ASX:LNC) Commits Underground Coal Gasification (UCG) Project To South Australia", Media Release, November 19, 2008.
- ↑ "Linc acquires Alaskan exploration licences" Finance News Network, Jan. 27, 2011.
Related SourceWatch Articles
Linc Media Releases
- Linc Energy, "Linc Energy Commits UCG Project to South Australia", Media Release, November 19, 2008.
- Martin Ferguson (Minister for Resources and Energy), "Speech to the 3rd Annual Coal-to-Liquids and Gas-to-Liquids Conference", February 26, 2008.
- Meredith Booth and Christopher Russell, "SA's $1bn clean fuel jobs bonus", The Advertiser, November 20, 2008.
- Mark Parnell (Greens SA), "Rann Government shifts from clean wind to dirty coal", Media Release, November 20, 2008.
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