Australian underground coal gas company Linc Energy announced in its quarterly report that it intends to divest its three coal assets.

Linc Energy confirmed that it has received written offers from different parties and is currently working with them to make formal binding sales agreements.

Linc Energy will keep stakeholders updated with the coal sale transactions in due course.

In the same report, Linc said it has successfully demonstrated the ability to generate cleaner electricity from alkaline fuel cell technology from the synthesis gas produced from its Chinchilla Demonstration Facility’s Underground Coal Gasification (UCG) operations.