LNC
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0.00% 99.5¢ linc energy ltd

Nov 15, 2012 (BRW - ABIX via COMTEX News Network) -- Australian...

  1. szaba_the_hut
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    16/11/12
    11:22
    Post #: 11009138
    Nov 15, 2012 (BRW - ABIX via COMTEX News Network) -- Australian company Linc Energy is contemplating a major restructure of its business assets over the next 24 months. Linc has engaged Barclays to seek buyers for its shale assets in South Australia, and is also seeking to divest its North American oil assets. It will seek overseas interest in its underground coal gasification (UCG) technology, as the Queensland Government is reluctant to permit its use.

    http://www.citiadr.idmanagedsolutions.com/news/global_story.idms?type=scrolling&ID_NEWS=253056251
    LNC Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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