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Old 03-29-2011, 02:47 AM
Sparty Sparty is offline
Join Date: Mar 2009
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Default Linc Energy CEO, Peter Bond, Buys More Linc Energy Stock

Linc Energy CEO, Peter Bond, Buys More Linc Energy Stock
Linc Energy (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that its Chief Executive Officer and Managing Director, Peter Bond, has purchased approximately 1,575,000 Linc Energy options. In addition to these options, Mr Bond has purchased approximately 855,862 ordinary shares on market. These purchases of Linc Energy stocks and options will be added to Mr Bond?s already considerable holding of approximately 40% of Linc Energy stock.

Mr Bond said, ?It is rare that all the planets align to let me buy Linc Energy stock as often as I?d like, but given that there is so much potential and upside to come, I see Linc Energy as a standout investment.?

Linc Energy is an innovative, forward-thinking company developing a significant energy business based on the production of cleaner energy solutions.
Linc Energy has successfully combined two known technologies, Underground Coal Gasification (UCG) and Gas to Liquids (GTL) and has demonstrated its vision of being a leading supplier of a new source of cleaner liquid transport fuels for the future.
UCG technology provides access to coal, deep underground and by in-situ gasification produces a high quality synthesis gas (syngas) containing carbon monoxide and hydrogen.
Aboveground, in the GTL process, syngas is processed via Fischer-Tropsch technology to produce high quality, sulphur free synthetic hydrocarbons.
Linc Energy plans to combine its UCG and GTL technologies commercially at sites in Australia and around the globe as it realises its vision of becoming the world?s leader in providing cleaner synthetic diesel and jet fuels from stranded coal resources.
UCG produced syngas can also be used as a feedstock to generate gas turbine combined cycle power, resulting in reduced greenhouse gas emissions.
With significant coal deposits suitable for UCG technology, Linc Energy can provide alternative sources of liquid fuels and power generation well into the foreseeable future.

Linc Energy represents a new future for liquid fuels production and high efficiency energy generation.
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