erg acquisition, page-4

Precisely,
In the united states there are more institutional (educated) and trade investors than nearly anywhere else in the world. Why would the locals who know more about than Texan oil than we ever will happily sell an oil producing asset for less than it's discounted cash flows? Yes whe u combine it with technology that linc has access to (UCG-GTL-EOR) it could be worth more than a traditional oil play but that was not how PB was spinning it on Tuesday night in Sydney. Only when questioned by an audience member did he say that they may look to use EOR on it. I am not writing this project off, merely saying that i will be surprised if it proved to be any more than a marginality cash flow positive asset for the company, when considering the acquisition cost and the debt it adds to the balance sheet.