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Subsalt Potential
Linc Energy has an extensive seismic reprocessing program underway over the salt domes at
Cedar Point, Barbers Hill, Port Neches and Black Bayou fields. The enhanced ability to image
salt-related structures and to identify deep sub-salt potential has dramatically improved the
prospectivity of the deeper targets. Within the Port Neches 3D seismic reprocessing project, Linc
Energy is analysing a subsalt prospect in the lower Hackberry formation. Planning for the basis of
well design to intercept targets above the subsalt will manage the risk profile. Current plans are
to drill the well in the fiscal year, including evaluating the potential to promote a non-operated
interest in the well to an industry partner.


Umiat Activity Success
As previously announced, Linc Energy completed the Umiat 23H horizontal well. Data from the
well will be used to optimize the full field development strategy. The Company will update the
market on the results of its technical analysis upon completion. Linc Energy is also evaluating the
advantages of introducing an industry partner to assist us in the future development. The
Company is committed to bringing the Umiat resource to market, and as such will perform
required reservoir studies, field development, well design, EIS work and facilities planning over
the course of this year.



Wyoming Production and CO2 EOR Project Status
Quarterly production in Wyoming of 182 BOEPD is the complement to Gulf Coast production
resulting in overall production of 4,474 BOEPD in the Quarter.
Linc Energy is currently evaluating various commercial opportunities with regards to the
Wyoming assets including the option of a partial or full sale to an industry partner. The evaluation
of this option will be compared to the longer term potential of developing the CO2 EOR project in