LNC
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0.00% 99.5¢ linc energy ltd

Reset of Conversion Price to Convertible Notes, page-10

  1. zebra74
    262 Posts.
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    16/04/15
    17:47
    Post #: 15101247
    Well with interest bill of approx. USD 58.6 million pa and current oil price it's a dire situation for Linc.
    I don't see POO recovering anytime soon and it looks like they will have to sell their US oil assets to buyout majority of the notes.

    Having said that as per their HY report US oil assets are worth USD508 mill. I'll be happy with this price if they can get it now and pay of their debt.
    Does anyone know how much they paid for US oil assets??
    LNC Price at posting: 99.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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