David115, lnc was able to get a core sample and flow oil to the surface. That is not a failure. Do u realise umiat is a 2 year program? In December, they will be able to drill immediately. That is only 6 to 7 months away. It's only a matter of time until they have commercial ucg projects, and several of them. Also, a joint venture announcement on arckaringa shale could come anytime. Doesn't have to be in the third quarter. These projects can cost money, but the rewards will be significant. As soon as an announcement is not 100% to the markets liking, mischievious downramping occurs.
LNC Price at posting:
$1.76 Sentiment: Buy Disclosure: Held
