LNC 0.00% 99.5¢ linc energy ltd

News: Linc looks to Alaska after raising $265M , page-4

  1. 79 Posts.
    re: News: Linc looks to Alaska after raising ... they raised 255mm after fees aprox

    130 mm goes to pay down well fargo for some reason . I am sure there is a good reason ( i hope there is a good reason)
    80 mm goes to repay fortress so it seems from announcements . the balance goes to alaska. remember that the alaska gives you a rebate for drilling . Based on what others have said ( bcc ) . lnc should spend 50 mm this year and get back 20 from alaska.
 
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