A potential sweet spot drilling program is planned for Arckaringa which will potentially be undertaken in 1q 2014. This will potentially lead to a potential rating of 2p and 1p oil resources which potentially might then lead to a potential deal with a potential JV partner.
To do the sweet spot drilling program will require cash. Genting kicked in $50M for 10% stake in the company, maybe thats how Linc will pay for the drilling program to get started in Arckaringa.
On a more serious note if Linc have good results with the drill program then SP may rocket to $5+ rapidly. How they fund the drill program is the question, oil production at cedar point might be the answer, we should find out in the not too distant future with an oil production Ann but in historical context the PR silence is a harbinger of woe and bad tidings.
A potential sweet spot drilling program is planned for...
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