LNC 0.00% 99.5¢ linc energy ltd

Arckaringa, page-2

  1. 159 Posts.
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    Interesting news re. the Arck. Finding a partner with the help of a professional organisation (?) has been an on going strategy with no successful outcome to date.
    One can presume from this that either not enough work has been performed to validate/ secure a sizeable farm in partner to invest on Lnc terms or potential partners waiting for more favourable negotiating timing given Lnc cashflow not strong.
    Questions I have:
    1. How much will this drilling & evaluation program cost?
    2. Does current bank balance / cashflow trend support this activity?
    3. Article indicates within budget , but if this is new unplanned activity what has been dropped instead or is an asset sale likely to be announced?
    Not sure how to read this announcement . Positive / Negative . Appears to be strategy change.
 
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