at this stage no capital raisings .!., page-13

Linc does have enough cash and funds left for about 8 more months based on this quarterly report.
The problem is if it can't sell anything by then or complete a deal then what happens.

Based on my calculations they need to produce 7700(gross)Bopd to just break even on net profit for the whole company.
Now it can achieve this but it will need to keep drilling a lot of new wells as the existing wells flow rates will continue to decline and that will burn a lot more cash.

I agree that if the royalty comes in 2017 it will look much better but that's still a long way away.