Perth, July 31, 2008 (ABN Newswire) - SAPEX Limited (ASX:SXP) advises that it has today commenced the court processes required by section 411 of the Corporations Act for the convening of the shareholders and optionholders meetings to approve the merger with Linc Energy Limited as previously announced on 12 June 2008.
SAPEX Limited is an energy explorer for oil & gas, coal-seam-gas and potential coal-to-liquids in the Arckaringa and St Vincent Basins onshore South Australia.
SAPEX is currently in a merger process with Linc Energy. A Summary of the process was provided in the company's Quarterly Report which was released to the Australian Stock Exchange on Friday 25 July 2008.
About LINC ENERGY LTD
Linc Energy is an innovative, forward thinking energy company and Australia's leader in clean coal technology. The company's vision is to become a dominant player in the supply of more environmentally friendly power, diesel and jet fuel.
Linc Energy aims to achieve this vision by bringing together, for the first time anywhere in the world, two proven production processes known as Underground Coal Gasification (UCG) clean coal technology and Gas to Liquids (GTL).
These processes will economically convert vast "stranded" coal deposits into ultra clean liquid fuels.
Linc Energy will also use the Syngas produced from UCG clean coal technology as feedstock for gas turbines to generate much needed environmentally friendly electricity.
The company has a unique leading edge capacity to provide a viable, more sustainable and smart alternative source of liquid fuels and power generation well into the foreseeable future.
Linc Energy represents a new future for liquid fuels production and power generation.
Contact
Andrew J Andrejewskis Managing Director TEL: +61-8-8363-3311 info@sapex.com.au
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