EXPLORATION ACTIVITIES
During the quarter Linc Energy expanded its drilling program to prove the extent of the coal resource beyond its initial expectations with approximately 30 open holes and 10 diamond core holes so far drilled. Drilling results expected to be available by end of February.
The drilling depths have been between 140 metres and 200 metres, intercepting the Macalister Seam.
The refurbishment of drill rig Linc Energy purchased is almost complete with the drill rig being fully operational by the end of January. Linc’s drill rig will complete the expanded drilling program at EPC 635 near Chinchilla and will tart drilling on its other tenements in particular, EPC 635, EPC 704, EPC 897 and EPC 898.
At this point in time, there is no interim drilling results to release however the Company expects to release these results in the coming weeks as they become available. (See list of Company’s current coal tenement holdings below).
SECOND QUARTER ACTIVITIES REPORT
Level 7, 10 Eagle St.,
(GPO Box 1315),
Brisbane, QLD 4001
Telephone: (07) 3229 0800
Facsimile: (07) 3229 6800
ABN: 60 076 157 045
ACN: 076 157 045
1 October 2006 to 31 December 2006
Australia’s leader in clean coal technology www.lincenergy.com.au
Tenure Status Sub-Status Granted Expires Principal Holder Linc Interest Sub-Blocks Basin
MDL 309 GRAN - 25 Nov 99 30 Nov 08 Linc Energy Ltd 100% 154Ha Surat
EPC 635 GRAN - 24 Dec 98 24 Dec 06 Linc Energy Ltd 100% 32 Surat
EPC 704 GRAN - 17 Sep 01 16 Sep 07 Linc Energy Ltd 100% 111 Surat
EPC 897 GRAN - 5 Aug 05 4 Aug 10 Linc Energy Ltd 100% 54 Surat
EPC 898 GRAN - 5 Aug 05 4 Aug 10 Linc Energy Ltd 100% 85 Surat
EPC 899 GRAN - 5 Aug 05 4 Aug 10 Linc Energy Ltd 100% 87 Surat
EPC 938 GRAN - 15 May 06 14 May 11 Linc Energy Ltd 100% 80 Surat
EPC 902 GRAN - 3 Dec 04 2 Dec 09 Linc Energy Ltd 100% 111 Surat
EPC 854 GRAN - 30 Aug 04 29 Aug 07 Linc Energy Ltd 100% 82 Galilee
MDL 361 APPL - - - Linc Energy Ltd 100% 2712Ha Pentland
EPC 908 GRAN - 9 Feb 05 8 Feb 10 Linc Energy Ltd 100% 300 Biloela
EPC 909 GRAN - 28 Apr 05 27 Apr 10 Linc Energy Ltd 100% 289 Biloela
EPC 910 GRAN - 9 Feb 05 8 Feb 10 Linc Energy Ltd 100% 160 Ipswich
EPC 980 GRAN - 4 Nov 05 3 Nov 10 Linc Energy Ltd 100% 59 Bowen
EPC 526 GRAN RENL 27 Apr 93 26 Apr 06 Linc Energy Ltd 99% 25 Pentland
EPC 1046 GRAN - 16 Nov 06 15 Nov 11 Linc Energy Ltd 100% 32 Surat