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Old 06-12-2014, 08:37 AM
Sparty Sparty is offline
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Default Linc Energy (SGX: TI6) Genting buys another 10,750,000 shares

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GENTING EXERCISES CALL OPTION TO ACQUIRE A FURTHER 10,750,000 LINC ENERGY SHARES -

The initial public offering of the Company was sponsored by Credit Suisse (Singapore) Limited, DBS Bank Ltd. and J.P. Morgan (S.E.A.) Limited.

  • Genting to acquire 10,750,000 shares at S$1.20 per share
  • Completion of issue of shares and payment of consideration expected to be completed shortly

Company Profile Linc Energy is focused on both conventional and unconventional oil and gas production. The Company owns a diverse and world-class commodity portfolio that includes oil, gas, shale and coal. Conventional oil and gas is focused onshore USA (Alaska, Texas, Louisiana and Wyoming) with current production expected to grow significantly from the Company's existing reserves.

Unconventional oil and gas is focused on our world leading capability in Underground Coal Gasification, the process of converting coal into a valuable synthetic gas in situ.

Linc Energy has constructed and commissioned the world's only UCG to GTL demonstration facility. The Company also owns and operates the world?s only commercial UCG operation in Uzbekistan, which supplies syngas to a nearby power station.

Linc Energy is listed on the SGX (Singapore) and the OTCQX (USA).
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