Linc Energy Not Affected By Cougar Energy Shutdown

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16th July 2010, 06:09pm - Views: 1100


ABN: 60 076 157 045
ACN: 076 157 045
Smellie & Co Building, 32 Edward St
(GPO Box 1315)
BRISBANE QLD 4001
Telephone: (07) 3229 0800
Facsimile: (07) 3229 6800


ASX ANNOUNCEMENT/ MEDIA RELEASE


16 July 2010



Linc Energy not affected by Cougar Energy shutdown

Linc Energy (ASX:LNC) (OTCQX:LNCGY) confirms that it is continuing to operate its
UCG demonstration plant at Chinchilla and is not affected by the Cougar Energy
shut down.

Linc Energy is compliant with the groundwater monitoring and reporting
requirements set out in the Environmental Authority for UCG at its Chinchilla
demonstration facility, which has been in operation since 1999.

Linc Energy notes concerns stated today by the Queensland Department of
Environment and Resource Management ("DERM") regarding groundwater
associated with Cougar Energy's UCG site.

Linc Energy stands by its nearly 11 year comprehensive water monitoring process
and has consistently met regulatory requirements.

"The Linc Energy Chinchilla demonstration facility is the most comprehensively
monitored UCG site anywhere in the world and is, in fact, the best source of
groundwater monitoring data in the Surat basin region. That is why we have a total
of eight Environmental Engineers and Hydrogeologists on our team".

"The Chinchilla site, though not our main UCG focus these days, still remains an
important part of the development of UCG in the world. We are very proud of both
our achievements at Chinchilla and the rapid pace which we continue to develop our
UCG projects in other parts of the world", said the Linc Energy's CEO Peter Bond.

Whilst disappointed with the lack of consultation from DERM prior to its
announcement, Linc Energy will continue to work closely with DERM and intends to
fully cooperate in all aspects of environmental compliance.

With respect to comments made by DERM in its media statement concerning
"exceedance of salt levels in groundwater" at its Chinchilla site; Linc Energy
considers that the levels detected are consistent with regional salinity and are not
associated with its UCG operations.



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ASX
ASX ANN
ANNOU
O N
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CEMEN
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MEDI
DIA
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RELEASE
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CONTINUED...





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Peter Bond

Chief Executive Officer


Information for Media: ASX Contact: IIn
nffo
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attiion
on ffo
or
r iin
nve
ves
stto
ors
rs:
:
Mr Greg Meyer Mr Craig Ricato Mr
Mr Gl
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Media Manager Company Secretary Ma
Man
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Phone: +61 7 3229 0800 Phone: +61 7 3229 0800 Ph
Pho
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e:: +
+6
61
1 7
7 3
322
229
9 08
0800
E-mail: E-mail: E-mail:
[email protected] [email protected] g
glle
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@ ilinc
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en
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erg
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com.au




Company Profile

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erg
g
gy
y
y
generation.


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