Ann: Linc Energy Increases its Coal Lease holding, page-4

re: Ann: Linc Energy Increases its Coal Lease... a few things that struck me with this deal is: -----


----------"The purchase consideration payable to GasTech is US$20,000,000, payable in ordinary, fully paid shares in Linc Energy Ltd.---------

The shares are to be issued in four equal instalments valued at US$5,000,000 each, with the first instalment being payable on the Closing Date and subsequent instalments on each 6 month anniversary. The Closing Date for the transaction is expected to occur in the first quarter of 2010."

"Linc Energy now holds more State coal leases than any other company, with a coal acreage footprint of 173,327 acres. This puts Linc Energy into a very strong position to undertake commercial UCG operations in Wyoming and move quickly to the construction of a commercial Gas to Liquids facility in the USA."




"As such, this coal acreage provides the Company with a number of opportunities to exploit both the deep coals by UCG and shallower coals by

--------------- traditional extraction methods with an appropriate partner."---------



" As part of this process Linc Energy and GasTech have also entered into a side letter where, if necessary at the time of acquisition, the parties will manage any share sale and reduce downward price pressure. Under the side letter GasTech has agreed to restrictions regarding the share sale period and the maximum daily sale volume, and Linc Energy has agreed to introduce GasTech to a third party Australian broker and

------------ will guarantee that GasTech achieve a price equivalent to the value which the shares were issued."----------------