From LNC's Sept Qtr announc -...

  1. 472 Posts.
    From LNC's Sept Qtr announc - http://www.lincenergy.com/data/asxpdf/ASX-LNC-516.pdf

    we note that they had A$63.5 M on hand at 30 Sept 13.

    Since then they have received A$20 from Exarro & A$47M from new shares which gives them a total of A$130.5M .

    Also from the Sept Qrtly their budget for the Dec 13 Qtr is as follows -
    Exploration & Evaluation.. A$18.9 M
    Development.................... A$24.8 M
    Production........................ A$10.3 M
    Admin............................... A$14.4 M
    Tech Dev't & Site Ops....... A$7.7 M
    TOTAL...............................A$77.1 m

    That leaves A$53.4 M PLUS DEC QTR OIL REVENUE.

    The oil revenue from the Sept Qtr was approx. A$37 M .
    Being generous,let's say the Dec Qtr oil revenue was A$47 M.

    So, cash on hand at 31 Dec 2013 is not likely to be more than A$100 M. With lending facilities fully drawn Linc needs to make a profit at least in the second half of this F/Y to remain viable IMO.
 
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