For clarifying that with Linc as their statements to the ASX and media releases clearing state that this CTU is capable of drilling. (please see references in previous posts) No where, in all of their releases have i found any specifications of the actual unit to be allow independent research on the rig capabilities, and had to rely on PB's statements. Once again it shows the unreliability of their statements, remember the confusion with the shale oil / oil shale.
Note, from their reply, "At present, the CTU at Chinchilla has no drilling capability." This reads to me with the correct auxiliary the CTU can be used for drilling. So even with a clarification, we still can't make the statement that this unit CAN'T be used for drilling in the future, but it obviously can't be used in its current state of trim.
As to my thoughts on the way this subject was originally approached, i will keep to myself. we are all here to learn, and the people that know all the information are the ones that only release critic, ambiguous and partial information, then we that only have little pieces of the puzzle can come together here and attempt to put the larger puzzle together.
LNC Price at posting:
99.5¢ Sentiment: Hold Disclosure: Held
