$300m oil deal looks sealed, page-33

When a company changes direction it is sensible to question
the reasons for change.
In the past year or so Linc has moved like an octopus - grabbing onto new projects around the world with gay abanden none of which produce any significant income.
There does not appear to be any overall plan involved
but rather a grab for assets which might prove useful later on.
The company's focus has moved from coal and UCG /GTL to oil and EOR.
This change of direction looks like costing the company close to $400M this year ( AFC and Powerhouse $20M, Ranger $20M++, extra Admin and wages $40M++, the latest purchase $300M, oil and gas leases and drilling in Alaska and SA $20M+)
Some progress is being made building gasifier 6 in Wyoming
but this is to produce gas and CO2 for EOR ( not for power or GTL )
Is Linc trying to do too much with too little?
On a different tack:
Linc has not announced what it is going to do with the gas produced by gassifier 6. I believe Linc may be hoping to pump syngas direct into old oil wells (rather than separating out the CO2). This would be a lot cheaper and assuming the CO2 separates out and displaces the oil you could get out oil and syngas minus the CO2.
If it works - WHAMMO!