Perth, Aug 21, 2008 (ABN Newswire) - SAPEX Limited (ASX:SXP) advises that Linc Energy (ASX:LNC) has commenced a drilling program for coal assessment in the Arckaringa Basin, South Australia.
Under the terms of a Memorandum of Understanding (MOU) to farmin to identified coal areas, Linc will drill approximately 20 holes in Exploration Licence (EL) 3325 for approximately a total of 5900 metres to assess and better define the inferred coal resources in accordance with JORC principles for Underground Coal Gasification purposes.
EL 3325 ( East Wintinna) is located some 135 km north-east of Coober Pedy.
Following the completion of this drilling program a similar program will be undertaken in EL 3326, located some 70 km SE of EL 3325.
About Linc Energy Limited
Linc Energy is a globally focused, diversified energy company with a strong portfolio of coal, oil and gas deposits. It is Linc Energy's purpose to unlock the value of its resources to produce energy to fuel the future.
A publicly listed company, Linc Energy is the global leader in Underground Coal Gasification (UCG), which delivers a synthesis gas feedstock to supply commercially viable energy solutions – such as electricity, transport fuels and oil production – through gas turbine combined cycle power generation, Gas to Liquids (GTL) Fischer-Tropsch processing and Enhanced Oil Recovery.
Linc Energy has constructed and commissioned the world's only UCG to GTL demonstration facility located in Queensland, Australia. This facility produces the world's only UCG to GTL synthetic diesel fuel. Linc Energy also owns the world's only commercial UCG operation, Yerostigaz, located in Uzbekistan. Yerostigaz has produced commercial UCG synthesis for power generation for 50 years.
Linc Energy is on a rapid global expansion path to commercialise its portfolio of resources, with established offices across three continents in the United States, the United Kingdom and Australia.
Contact
Andrew J Andrejewskis Managing Director 08 8331 9661 info@sapex.com.au
Linc Energy Limited
