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re: Ann: Linc Energy Makes Strategic US Coal ... ab,it's in the...

  1. capman
    5,048 Posts.
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    04/12/08
    10:55
    Post #: 4571879
    re: Ann: Linc Energy Makes Strategic US Coal ... ab,

    it's in the announcement....here is the quote,

    "Part of the GasTech coal areas included in the transaction are subject to an existing agreement between GasTech and a major petroleum company. Issues regarding the rights of the parties under the petroleum company/GasTech agreement and any assignment of those rights to Linc Energy will be finalised prior to completion of the GasTech acquisition by Linc Energy."

    lnc are purchasing 100% of gastech but part of gastechs coal areas are subject to an existing agreement with a major.

    cheers
    LNC Price at posting: $2.50 Sentiment: LT Buy Disclosure: Held
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