Linc jumps on Chinese UCG to GTL deal

AFTER months of negotiations, Linc Energy has inked a deal to form a joint venture with Golden Concord Holdings to commercialise underground coal gasification to gas-to-liquids in China.

16 April 2012
comments
share

As part of the deal, Golden Concord's subsidiary GCL Projects will take a 5% stake in Linc through an $A120 million private placement at $4.50 per share, valuing Linc at about $2.3 billion.

An invaluable asset to Australasia's oil and gas sector

Subscribe today and enjoy full access to EnergyNewsBulletin.net - the most comprehensive source of energy sector news and information.

EnergyNewsBulletin.net Package

From $306 *per user, per year (excluding GST)

SUBSCRIBE NOW

Full access to EnergyNewsBulletin.net resources on desktop and mobile
Industry-leading insights into the future of energy
Expert market views on digitalization and renewables
In-depth features on advancements in technology
A ﬁrst look at latest commodity price updates and breaking news
2 daily newsletters covering hot topics in operations and investment
Access to the complete Energy News Bulletin archive since 2006

Try EnergyNewsBulletin.net for 30 days for ONLY $1

START YOUR TRIAL

best value

Resource Sector Investment Package

From $485 *per user, per year (excluding GST)

SUBSCRIBE NOW

All the benefits of EnergyNewsBulletin.net package, plus Unlimited access to MiningNews.net
Access to all MiningNews.net articles and additional features
MiningNews.net daily newsletters
Exclusive monthly newsletter from RESOURCESTOCKS featuring select commodity market analysis and latest company profiles.