ACQUISITIONS

Year

Month

Type

Details

Acres

Barrels
of oil
per day

Coal (tonnes)

2011

November

Coal Exploration Lease

Linc Energy secures 1.2 billion tonne coal exploration lease in Poland.

 53,374

 n/a

 1.2 billion

2011

October

Oil fields

Fourteen oil fields purchased from ERG Resources LLC, which includes 410 oil wells spread across 156 leases, of which 177 are operational.

13,400

3,300

 n/a

2011

June

Oil fields

Three oil leases purchased from Renaissance Umiat LLC

19,358

50, 000*

 n/a

2011

March

Investment

Linc Energy purchased a 10 per cent investment in PowerHouse Energy Inc, a UK listed aboveground coal gasification company.

n/a

n/a

 n/a

2011

February

Oil fields

Three oil fields purchased from Rancher Energy Corp.

27,856

190

 n/a

2010

July

Oil and gas leases

Oil and gas leases purchased from GeoPetro Alaska LLC for exploration

122,000

n/a

 n/a

2010

October

Investment

Linc Energy purchased a 12.1 per cent investment in AFC Energy, a UK listed hydrogen fuel cell company.

n/a

n/a

 n/a

2008

November

Petroleum Exploration Licences and Exploration Licences

Seven Petroleum Exploration Licences and four Exploration Licences purchased from SAPEX Limited for exploration.

65,000⁺

n/a

n/a

2007

October

Controlling interest

First purchase of a 60 per cent controlling interest in the only commercial UCG facility in the world Yerostigaz. Additional purchases were made again in 2007, 2008 and 2009, with Linc Energy’s current controlling interest being 91.6 per cent.

1,000

n/a

 n/a