LNC 0.00% 99.5¢ linc energy ltd

technical reason why lnc stoped where it did, page-6

  1. 8 Posts.
    errrrrrrrrrrrrrrr...where is the technical info (forget your charts) to back up this so called 'oil reserve'???

    If you know anything about oil shale/oil sands/tar sands you will know that the only way it is economic if if the oil price goes to something crazy, for example: $160, $200, $220 per barrel. Look at the oil sands operations in Canada operated by BHP.

    Massive capital costs and massive potential losses for investors unless the oil price is maintained at a very high level.

    In ground value is not the same as economic reserve value. Over ramped, uneducated investors, hence fall yesterday
 
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