Tuesday, November 29, 2011


LINC ENERGY SECURES 1.2 BILLION TONNE COAL CONCESSION IN POLAND

 Linc  Energy  obtains  1.2 billion tonne  coal exploration lease in Poland Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce it has secured  a significant coal exploration concession “Polanka-Wielkie Drogi” (PWD) in Poland in the south eastern part of the Upper Silesia  Coal Basin (see attached map). The coal is  of a  subbituminous quality, covering an acreage of 216 square kilometres. The Company expects to commence exploration activities in early 2012.

Chief Executive Officer, Peter Bond, said, “This Polish coal lease is a key asset to providing Linc Energy’s platform into mainland Europe and we will be looking to  drill and complete a pre-feasibility on Underground Coal Gasification (UCG) over the coming months.”

“Based on data published by  Polish Mining and Geological Authorities, the  coal  deposit is estimated to be in the order of 1.2 billion tonnes,” Mr Bond said. Linc Energy is in the process  of setting up a project office in Krakow to support the exploration Programme in Poland.

No comments: