Linc Energy extends MOU

Brisbane, Australia’s Linc Energy Ltd. will extend a memorandum of understanding (MOU) with a major European-based oil company for a further 12 months, covering the potential future off-take agreement for the supply of up to 70% of the synthetic fuel produced from Linc’s proposed Chinchilla facility. The company plans to turn stranded coal deposits in various locations, beginning with Chinchilla, into clean power and ultra clean diesel by bringing together two proven production process of UCG clean coal technology and gas-to-liquids. (June 29, 2007)