umiat oil field update no 4

7 May 2013 UMIAT OIL FIELDUPDATE NO.4
CONCLUSION OF INITIAL WINTER APPRAISAL PROGRAM WITH
PLANNING ALREADY COMMENCED FOR PHASE 2 IN Q4 2013
Linc Energy (ASX: LNC) (OTCQX: LNCGY) is pleased to announce the conclusion of its initial winter appraisal program at the Umiat Oil Field in Alaska.
The purpose of undertaking the initial winter appraisal program at Umiat was to progress the Alaskan development and production approval process by applying modern drilling techniques to obtain a fresh, full core of the Lower Grandstand (LGS) formation and test production efficiency
using conventional modern well completion techniques. The substantial learning from this year’s program will provide essential technical information which will allow Linc Energy to optimise production efficiency moving forward. Planning for Phase 2 of the Umiat appraisal program in the 4th quarter of 2013 is already well underway and drill rig and equipment will be stored on site during the summer months to allow early
commencement immediately upon the opening of the Alaskan winter drilling season in December
later this year.