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AUGUST 2012

CONTENTS AUGUST 2012

FROM THE TOP

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HOT TOPICS

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IN PROFILE

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IN FOCUS

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Linc Energy Oil Production Linc Energy increased its oil production for the June quarter, with gross figures reaching the 4,000 barrels a day target on the Gulf Coast, USA. Linc Energy CEO Peter Bond said the milestone put the company’s Oil & Gas Division on track to meet its end-of-year target of 6,000 – 7,000 barrels per day. “This is a meaningful shift to oil production growth as outlined in our original plan to develop

these Texas/Gulf Coast assets into strong cash producing fields,” Peter said. “We expect further increases in oil production from our Texas/Gulf Coast and Wyoming assets next year and beyond, and coupled with budget and organisational restructures we are expecting enhanced cashflow numbers from the Oil & Gas Division going forward,” he said.


01 FROM THE TOP

From the editor’s desk Welcome to the August edition of Linc Energy’s newsletter – Linc Up. This newsletter needs your contributions; please remember to email your feedback, ideas and photos to communication@lincenergy.com. Linc Up is designed as a platform to share both personal and professional success, company news, ideas and much more. Until next time…happy reading!

“The only way of finding the limits of the possible is by going beyond them into the impossible.” - Arthur C. Clarke

message from The TOP XGAP Global reset complete As most of you know, Mark Bragg and Martin West have been facilitating the XGAP discipline within our business since we introduced it in February 2011. For those who haven’t been in the business long, XGAP is short for Execution Gap, the gap between what you plan to do and what actually gets done. Execution is the single biggest factor in team and organisational performance. I believe we would all agree that the XGAP discipline has fostered a high level of transparency across all facets of the business and challenged us to become more focused as a Company. Whilst Mark and Martin will continue to facilitate our ELT re-sets going forward, I am now facilitating the Divisional and Team re-sets internally with support from Claire Armstrong and Caylyn Hood. So following completion of our ELT re-set on 29th June, we successfully completed all re-sets across Australia, Europe and America within three weeks in July. Two main themes predominated across all of the re-sets and they were ‘identifying and executing commerciality opportunities’ from our Operational teams and ‘how best to service our clients’ from the Corporate Services teams.

For example, during this last reset we heard that there was a level of frustration associated with lack of internal communications within the business. This is one of the reasons we have reintroduced our monthly staff information sessions which are being video-recorded so they can be seen by our global audience. Should you have any questions, feedback or suggestions regarding this discipline, please don’t hesitate to contact our team as we’re always keen to receive any comments that will add value to this process. Janelle van de Velde, President Shared Services

We now have everyone uploaded and using the new website (www.thexgapapp.com) which I believe is far more functional and intuitive than the previous website and is designed to help managers and their teams consistently execute on their performance objectives. If anyone has any concerns about how to use this tool, please reach out to Claire or Caylyn who will be happy to provide additional support. In addition to re-setting everyone’s 90 day contracts, these forums are beneficial for providing a forum where staff can be open and honest in providing feedback to management and other divisions as to what is working or not working.

Denver team during their XGAP reset.


HOT TOPICS 02 Alister McDermott pictured here during the Jet A1 Dash.

Jet A1 Dash – another successful event! Linc Energy took to the skies in May, successfully flying a Citation CJ2 jet more than 4200kms across Australia using our very own Jet A1 fuel.

The three-day Jet A1 Dash departed from Perth and concluded in Chinchilla, with the Linc Energy team hosting six events in Perth, Adelaide, Melbourne, Canberra and Chinchilla. A few points worth noting are: • This is the first time that fuel produced via UCG and GTL technologies has powered a jet aircraft; • The jet A1 fuel performed brilliantly. The jet ran exactly to plan and operated within the expected numbers; • Linc Energy jet A1 fuel was superior in terms of starting-up the jet, which is a big positive for engine maintenance; • The fuel burn at height was about 5

to 10% lower than normal, which is early days on fuel efficiency but very encouraging; in fact Linc Energy is already receiving enquiries for the purchase of the jet A1 fuel and diesel on the back of the event; and • The event created a great buzz in the media, with an excess of 70 media articles, radio and television coverage over a few short days.

During the event, Linc Energy was delighted with the support of our stakeholders who genuinely believe in our abilities to be part of the domestic energy solution. Of particular note was the support of Federal Minister for Resources and Energy Martin Ferguson at our Canberra event. The JetA1 Dash marked a special milestone for Linc Energy and one that required tremendous commitment from so many members of our team as well as our special guests that joined as passengers on the jet including: Author Paul Carter, and Brisbane Heat teammates Alister McDermott, Chris Hartley and Nathan Hauritz. Well done to all involved!


Heart & Sole Epilepsy Walk In November of 2011, Linc Energy Houston employee Nipal Bellmonde tragically lost her 21-year-old daughter, Danielle, to epilepsy. Since then, Nipal has teamed with the Epilepsy Foundation of South and Central Texas and founded the Heart & Sole Epilepsy Walk in her daughter’s honour, to raise awareness about this commonly misunderstood condition.

Epilepsy Foundation Central & South Texas 10615 Perrin Beitel Rd, Suite 602 San Antonio, TX 78217

ISK d to as a eirs, am pate vent are sult e of the ALL TO MY SUE AND UTH ers, OM DS, ESS ess mate this s by ces. will

03 HOT TOPICS

Staff at the Houston office have formed a Linc Energy team for the Heart & Sole Epilepsy Walk. As of 2 August, the team has raised over $4000 for the cause, and continues to gain sponsorships on a daily basis. Danielle’s moving story is why the Epilepsy Foundation selected her legacy to honour, and why Austin, Texas has agreed to host the first ever Epilepsy Event. The Master of Ceremony is slated to be Texas Governor Rick Perry.

All monies benefit the Epilepsy Foundation Central South Texas, which provides free medical care for 130,000 uninsured patients in Texas who cannot afford medication, EEG’s, MRI’s and other medical expenses associated with their condition.

September 15, 2012

We hope Linc Energy staff around the world will get behind Nipal and this great cause. You can make a donation to Team Linc online at www.active.com/donate/HeartSole2012/teamlinc or contact Lauren Page in the Houston office for more information. ep

ile p s y

The walk will be held on September 15 and we will keep you updated on Linc Energy’s fundraising efforts. Good Luck Team Linc!

r u n .c o m

CFO Resigns to Take up New Position in Western Australia Linc Energy announced at the end of July that our CFO Anton Rohner has resigned to take up a position with another company in Western Australia. Anton will remain with Linc Energy to assist in the finalisation of the current end of financial year audit. The company has commenced a recruitment process for a new CFO with experience managing multinational operations and will keep staff updated when an appointment has been made. On behalf of the staff, we thank Anton for his contribution during his time at Linc Energy and we wish him all the best in his next endeavour.


In Profile 04

In Profile Michael Mapp President Coal

Location: Brisbane Year started at Linc Energy: February 2012 Family situation: Married with 4 children & 8 grandchildren

• W  hat is the single most important ‘thing’ that has contributed to your success? Values – if you operate with the right values it does not matter how hard the situation becomes, you will come out the other end with people still prepared to work with you and support you. • What is the best advice you have ever been given? “How I operate, is how we will operate”. This being the work behaviour I demonstrate as an individual greatly influences the operational behaviour and outcomes of others and the business. • How do you deal with stress? My hobbies are rodeos & breeding horses so I take every opportunity to immerse myself into that in my spare time. Having good people around me also helps, although they may feel pretty stressed about the delegation of work under this arrangement. • Who has been most influential on your career? Martin Albrecht. Martin was the CEO for Thiess when I joined them and he did what he said he would do. One example is when Martin stated people were a core value to him, his behaviours would back up his statement. He was the main driver behind the growth of Thiess into mining in Queensland and Indonesia. • What do you enjoy most about working at Linc Energy? Although I have only been here a short period I would have to say I enjoy the authority of being able to run the Coal business. Peter has outlined the direction he wishes for the Coal group and lets me look after the day to day processes to achieve this. As a President of the group you could not ask for more. • Tell us one thing you cannot live without. Being surrounded by good people. One thing I learnt early in my working life was that the best strength you can have is being able to identify your own weaknesses and then employ good people to fill these gaps. This is what keeps Carl & the HR team busy by filling all the gaps. • What is the most interesting place you have visited or lived? Having just spent close to 12 months working in Tanzania I would have to say there. It makes you really appreciate how good we have it here in Australia.


05 IN FOCUS

Save the Date Brisbane Office Christmas Party It’s beginning to look a lot like Christmas! This year we’re holding a Family Fun Day, so we encourage you to bring your partners & kids for a fun day out! Lunch will be provided and there will be lots of fun activities and entertainment available on the day. When: Sunday 2 December 2012 (lunchtime) Where: Allan Border Field, Albion What: Family Fun Day! Lunch & good times will be provided Who:

Brisbane Staff, Partners & Children

Adelaide, Europe, US and Chinchilla teams… watch this space for details!

Did you Know?

1. Linc Energy is on Facebook? Like our page at www.facebook.com/lincenergy or follow us on Twitter @LincEnergyLtd for up to the minute updates!

2. Brisbane office has introduced…. Whacky Fruit Toast Wednesday! All day every Wednesday from 8am til 4pm. 50 cents a slice with butter.

Happy Birthday! April babies

May babies

Samantha Adams Claire Armstrong Byron Brooks Ernest du Toit Carl Fisher Russell Horrocks Tom (yazeng) Liu Belinda Taylor Nicole Tetrault Tonya Woods Raymond Bradish Pamela Ruffino Michelle Malloy Rosendo Barrientes Jr Karla Sims Deatrice Pulliam

Simon Berry Grant Bollaert Casper Burger Andrey Chernishov Clive Cookson Greg Gleeson Sarah Goscomb Greg Harris Ecsteveila Hebei Douw Jacobs Sarah Locker Steven Luckraft Liezel Maloney Philip McKinlay Michael Morris

June babies Muller Retief Anthony Watson Cale Hummel David Hoyer Ronald Broussard David Tyree Brian Andersen James Wagner Caylyn Spear Lee Wilson Vicki Thomas

Sebastian Burgman Peter Cameron Greg Cochrane Abe Du Pont Sonya Lowry Karin Machell Jason O’Rourke Gregory Ott Romana Price Nicola Rich Andreas Ulbrich Naz Whippy Debra Hughes Rachel Kozlowsky Penni Kuehl

William Matt Tobias Hewitt Dixie Corbin Matthew Keating


IN FOCUS 06

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1 Bartly Kleven, Environmental Permitting Manager (centre with baseball cap) and Tricia Saulnier Littlejohn, GIS (second from right) along with family members pictured here at the annual ‘not to be missed’ Independence Day party thrown by Corri Feige, General Manager Alaska! 2 Scott Rathbone, Ty Felmingham and Brian Fainton from the Brisbane office competed in the Nissan BRW Corporate Triathlon this year. Linc Energy came fifth in the industry category (energy), 90th in the corporate male division and 135th overall. Well done boys! 3 In April, Linc Energy participated in the Washington Call Up, an annual event organized by the Western Energy Alliance. Maria VanderKolk, US Communications Manager, was one of nearly 100 industry representatives who travelled to Washington, DC to meet with Members of Congress, the Administration, allied organizations, and the media to deliver a clear message: the energy industry has real solutions to help create jobs, grow the economy, shrink the budget deficit, and make nations like the United States more energy secure. 4 Happy 40th birthday Simon Berry (Global IT Manager)! Simon is pictured here after being surprised with a congratulatory visitor; he’s also a tad camera shy! 5 The Linc Energy team are pictured here handing over the Gasifier 6 License application to the Wyoming Department of Environmental Quality. 6 & 7 State of Origin fever in Brisbane! Some of the team went to see the boys train in the Botanic Gardens over lunch.

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8 John Govender recently left the UCG team… this picture was taken at his farewell lunch. All the best with your next endeavour John. 9 General Manager Shared Services Paul Ludwig recently visited London for an investor presentation. This photo was sent with the caption, “Call me if you need any mental relief or support – as you can see from the photo we have operators standing by the phones!”10 President Shared Services Janelle van de Velde recently judged the Miss Chinchilla Show girl 2012 competition. Janelle says it was a huge day and will be one of the more memorable moments of her time at Chinchilla. The day ended with a ‘black tie’ ball held in the Chinchilla Showground’s shed to celebrate the Show’s 100th Anniversary. 11 34th International Geology Congress (IGC) delegates enjoyed a free field trip to Linc Energy’s Chinchilla demonstration facility as part of the IGC in Brisbane. 12 Marney Carroll pictured here beyond the black stump at Jondaryan woolshed, during the IGC field trip to Chinchilla.

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