Great post Saba, I could never work out why, when LNC had the cash, they didn't go into the Cooper Basin where there was real estate up for grabs and known proven reserves that just needed drilling. Their chance of success was far higher there than wildcatting the Arckaringa. I know they inherited the old Sapex leases but they never really held any promise IMO.
Not much left in the can now for PB. I knew there was going to be trouble years ago when they moved into the smelly building. Yeh on the nose since then
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held