ASX Code: LNC
OTCQX Code: LNCGY
ASX Announcement
25 June 2013
RESPONSE TO MARKET SPECULATION
In response to speculation in the media today regarding Linc
Energy’s possible involvement in a transaction to acquire a producing hard coking coal mine in Queensland, Linc Energy confirms its previous advice to the market that it intends to divest or demerge its non core Coal Division
assets from the corporate group in the near term.
To facilitate the divestment or demerger of its Coal Division, Linc Energy is continuing to evaluate
a number of options, including the possibility of working with joint venture partners who have synergies with Linc Energy's existing coal portfolio.
Linc Energy confirms that it has not made any binding offer or reached any concluded agreement
with any entity in relation to the matters subject to current media speculation.
Peter Bond, CEO of Linc Energy said; "Linc Energy is focused on
developing its core business of oil production and the commercialisation of UCG on a global scale.
As such,Linc Energy is committed to divesting its Coal Division, and is actively pursuing a course to achieve this."
Linc Energy will update the market in the event of any material change to the current circumstances.
