Linc Energy has Government backing for its investment in South Australia November 21, 2008

The South Australian Minister for Mineral Resources Development Paul Holloway has welcomed Linc Energy’s (ASX: LNC) decision to step up its investments in South Australia.

The Minister issued a News Release in support of Linc’s announcement that it intends to develop its first commercial UCG/GTL plant in the Arckaringa Basin in South Australia.

Mr Holloway said the decision by Queensland-based Linc Energy to develop its first commercial underground coal gasification and gas-to-liquid plant in South Australia’s Arckaringa Basin was great news for the State’s economy.

Peter Bond, Linc Energy’s CEO, said “The whole Linc team is very happy to be focussing on the Arckaringa Basin in SA as it truly is a world class asset. Having government support is very important and we are grateful for the open dialogue we have had with Minister Holloway.”

Click here to see the full announcement, including the government’s release.

For further information, please contact:

Mr Peter Bond
Chief Executive Officer
Phone: +61 7 3229 0800
E-mail: pab@lincenergy.com.au

or

James Moses
Fortbridge Consulting
Ph: 0420 991 574
E: james.moses@fortbridge.com