"Home to 200 Billion Barrels of Unconventional Oil Of course, this is just a small part of a larger wave. There is going to be more and more of this activity in the future. As I’ve noted several times before, the global energy focus will be shifting to Asia, at least through 2035. And as the closest “new” source of energy, Australia will be the first to benefit from the rise of an entire continent. Australian coal and LNG will be exported to Asia in ever increasing amounts, with the only real limitation being the Australian infrastructure and its shipping capabilities. That’s where another part of the Chinese trade agreement may prove pivotal. Beijing has also announced that it’s developing an Asian infrastructure investment bank with an initial funding of at least $50 billion. And while you can bet projects receiving the green light for funding will primarily benefit Chinese energy production and delivery needs, there’s one project that may be catapulted into the foreground now. It involves a company I recommended to both Energy Advantage and Energy Inner Circle subscribers some time ago. It’s a company called Linc Energy Ltd. (OTC:LNCGY). Linc is a small Australian-based (but with its ownership office in Canada) company that is best known for coal gasification projects and Alaskan Northern Slope crude oil. Its real jewel, however, is back home in South Australia. Linc controls the Arckaringa Basin, home to an estimated windfall of over 200 billion barrels of unconventional oil. The company has recently moved from the Australian Stock Exchange to trade on the exchange in Singapore. Now Chinese money is moving into the stock and Chinese oil majors are poised to provide operational support. So don’t be surprised if the Arckaringa Basin becomes the center of China’s attention… and the first major joint energy infrastructure and development project."
Link… http://oilandenergyinvestor.com/2014/11/tiny-aussie-oil-stock-big-winner-chinas-latest-trade-deal/ - deeplink
LNC Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
