OIL AND GAS & ENHANCED OIL RECOVERY

Oil and Gas & Enhanced Oil Recovery

Oil and Gas

Acquiring global oil and gas assets builds on Linc Energy’s value creating business strategy. The company has plans to acquire enough oil producing assets to meet 100,000 barrels of oil per day.

Linc Energy has acquired significant oil and gas tenure in both Australia and the United States to further explore and develop traditional oil and gas opportunities to generate revenue to support its Underground Coal Gasification - UCG and Gas To Liquids - GTL energy projects.

In Australia Linc Energy, under acquired junior explorer SAPEX Limited, has over 65,000 square kilometres of oil and gas exploration tenure covering the Arckaringa and Cooper Basins.

In the United States Linc Energy, under its various American subsidiaries, has acquired significant oil and gas holdings in the Cook Inlet Basin, Interior and North Slope regions of Alaska, the Gulf Coast region covering Louisiana and Texas, and the Powder River Basin in Wyoming. These acquisitions have given Linc Energy immediate oil production quantities and operational cash flow.

Enhanced Oil Recovery

In tandem with the company’s North American oil and gas acquisition strategy and traditional oil production activities, Linc Energy will apply Enhanced Oil Recovery, or EOR, methods to sweep stranded oil from existing or older reservoirs.

The use of EOR techniques on older oil fields will allow Linc Energy to increase the amount of recoverable oil from a conventional field by 10 to 20 per cent to generate considerably higher cash flows.

Carbon dioxide produced during Linc Energy’s leading UCG process is captured as a much-needed and preferred flooding agent used in the EOR process to stimulate increased oil production. Linc Energy has deliberately sought to acquire oil and gas assets in close proximity to its coal leases to realise the benefits of a UCG to EOR to oil production energy chain.