Arckaringa Basin Shale Provides Huge Potential For Linc Energy

Summary

• The Arckaringa Basin is estimated to hold billions of barrels of oil.
• Linc Energy has almost exclusive rights to this region and its vast reserves.
• The company has had a difficult time recently but has huge future potential.

Introduction

The Arckaringa Basin is an endorheic basin - that is a closed drainage basin that does not allow the outflow of water. Located in Southern Australia, the basin used to be seen as a giant 31,000 square mile chunk of land. That was until they discovered oil.
http://seekingalpha.com/article/332...shale-provides-huge-potential-for-linc-energy