I posted some back of the napkin maths on this last week. At the time i was saying *if* arckaringa = bakken...... in theory if Linc can sell 10% of the Arckaringa acres at 30% of bakken acre prices we should see a multiple of the current share price based on Arckaringa alone...
Dont know if it will pan out so sweetly in the next few months unless a BHP or Shell or some such get involved but wouldn't that be something special.
I'm loving this rolling good news of the last few months - when should I take some more profit though - am i getting greedy? I was thinking $2.25 to sell next 10% but now i think i will say $3. Might not have to wait long either...
LNC Price at posting:
$2.16 Sentiment: Buy Disclosure: Held