All looks reasonable with oil CAPEX and UMIAT forecast expenditure in line.
Two good points:
Note 3: The Company expects to generate US$40.0 million of revenue in the third quarter from Oil sales in the USA.
Note 4: Additional revenue of approximately A$20 million is also anticipated during the 2nd half of FY2013 from joint venture project evaluation and works undertaken by the Clean Energy division.
I like.
LNC Price at posting:
$2.43 Sentiment: Hold Disclosure: Held