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 Ltd
Linc Energy Limited (ASX:LNC)(PINK:LNCYF)(OTCQX:LNCGY) 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 08 8331 9661 info@sapex.com.au
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