Linc revealed it had signed a heads ofagreement with Wildhorse Energy to buy the latter's entire UCGbusiness and coal tenements in exchange for A$4.04 million (US$3.64 million) worth ofLinc shares.
The tenements cover about 355 squarekilometres throughout Hungary and Linc said they had the potentialfor fast track commercial UCG opportunities.
“Hungary is an exciting jurisdictionfor us given the current gas pricing and the recent passing of UCGspecific legislation,” Linc chief executive Peter Bond said.
“This
