MEDIA RELEASE
June 2006
Media Release
LINC ENERGY, LTD ANNOUNCES THE APPOINTMENT OF US EXECUTIVE TO MANAGEMENT TEAM
Linc Energy, (ASX:LNC) announced today that it had appointed Mr. Keith Allaun as the General Manager, Human Resources for the Company.
Mr. Allaun joins Linc Energy after a distinguished 20 year career in the Silicon Valley. Apple Computer, Netscape Communications, Hewlett-Packard, and Yahoo, Inc. are among the companies for which he has worked over the years. He was educated at Stanford University in California.
Mr. Allaun is expert at building and managing highly quality teams in fast-paced, competitive, environments. His role at Linc will allow him to leverage his expertise in organizational design and development in building a world-class team chartered with executing on the Linc Energy business plan.
"I am thrilled to be a part of this already strong team, and to help Linc deliver on its potential. This is a unique opportunity to contribute to an emerging sector in the energy field," said Mr. Allaun. " Having been in the venture capital industry for several years, I have reviewed hundreds of business plans. Linc's world-first application of Underground Coal Gasification (UCG) coupled with Gas-to-Liquids (CTL) technology is the most exciting, and promising, opportunity I've seen in years. It's an absolutely obvious solution to the problem of increasing world-wide energy demand."
Peter Bond, Managing Director and CEO of Linc Energy said, "Keith Allaun has a demonstrated track record of building successful teams and helping companies achieve greatness. We're fortunate that he has joined the Linc organization. He has already launched our international search for talent to contribute to Linc. One of the main reasons we focused on gaining Keith was because of his obvious talent at hiring and building world-class teams very quickly in fast growing environments. That's the environment Linc is experiencing, so having someone of Keith Allaun's calibre onboard early is crucial to Linc's business plan."
"One of the outcomes of our recent IPO is that it allows us to expand our management team. Keith will contribute to that in a way few others could."
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