Is that flooded with sellers Danno? Down another 5.8% today! With oil so cheap and likely to be so for several months you'd wonder about the merit of any short term (1-3 years) opportunity to extract oil from the Arck.
Proving up huge reserves would be great but how is this company going to survive in the meantime? At what price per barrel would LNC Arckaringa Oil have to be to make a profit?
From a high of $5.39 all the way back to 60 cents. It's been quite a journey!!
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
