The spin from LNC says that its an Australian local company with Asian backing that is looking at it. They are supposedly doing 30 days due dilligence on the asset which should knock the deal on the head as the asset looks to be of very poor quality.
It doesn't sound like BPT but if it is I will sell the few shares that I bought today in BPT after selling out after they previously went up.
LNC has been trying to flog this asset for ages. They couldn't do it when oil was $80 so who is going to buy it now oil is $40 US.
Could BPT be buying LNC Ark shale assets, page-3
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Last
$1.14 |
Change
0.005(0.44%) |
Mkt cap ! $2.600B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.14 | $3.337M | 2.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 119091 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 29021 | 2 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |