Linc Energy Enters into Voluntary Administration
Singapore-listed Linc Energy Ltd. referred Friday to the Voluntary Suspension which was announced on March 30 and wishes to advise that it has appointed Stephen Longley, Grant Sparks and Martin Ford of PPB Advisory as Administrators, effective April 15. The appointment was made by the Company’s Directors pursuant to Section 436A of the Corporations
The Administrators are working with the Company’s management team to fully understand the options available to the Company, which may potentially include a restructure of the Company at an appropriate time.
Linc Energy is a global oil and gas company with a broad portfolio of oil, gas and coal assets. The Company applies conventional production techniques and its proprietary advanced technologies to extract value from the development of these resources.
Linc Energy’s business divisions include Oil and Gas operations primarily onshore in the U.S. (Alaska, Texas, Louisiana & Wyoming); exploration for conventional & unconventional (Shale) oil and natural gas in the Arckaringa Basin in South Australia; developing a proprietary technology for the extraction of Heavy Oil (Moving Injection Gravity Drainage – MIGD) in an efficient and cost effective manner; and a significant number of opportunities to deploy its proprietary unconventional gas extraction technology, Underground Coal Gasification (UCG), in key target markets including Asia and Africa.
Linc Energy is listed on the Main Board of the SGX-ST (Singapore) and the OTCQX (U.S.).
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- Linc Energy Enters into Voluntary Administration (Apr 15)
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