Linc Energy subsidiaries file Chapter 11

On May 29, 2016, US subsidiaries of Linc Energy Ltd. (OTCQX: LNCGY) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code.

The US subsidiaries filing are: Linc USA GP, Linc Energy Finance (USA) Inc., Linc Energy Operations Inc., Linc Energy Resources Inc., Linc Gulf Coast Petroleum Inc., Linc Energy Petroleum (Wyoming) Inc., Paen Insula Holdings LLC, Diasu Holdings LLC, Diasu Oil & Gas Company Inc., Linc Alaska Resources LLC and Linc Energy Petroleum (Louisiana) LLC.

Linc Energy is a global business with oil and gas operations primarily onshore in the USA (Alaska, Texas, Louisiana & Wyoming); exploration for shale oil and gas in the Arckaringa Basin in South Australia; developing a proprietary technology for the extraction of heavy oil; and a number of opportunities to apply its proprietary Underground Coal Gasification (UCG) technology in target markets including Asia and Africa.

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