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0.00% 99.5¢ linc energy ltd

re: News: Linc looks to Alaska after raising ... "Linc Energy...

  1. BigApeLikeThing
    164 Posts.
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    16/10/12
    09:51
    Post #: 10863773
    re: News: Linc looks to Alaska after raising ... "Linc Energy Limited (ASX:LNC) is understood to be planning to pour its most recently raised funds into its Alaska oil project."

    "CEO Peter Bond has reportedly told Fairfax Media Linc will put some funds to its drilling program at the Umiat venture in Alaska, which is expected to cost $US50 million over the next seven months."

    Aren't these statements contradictory? "Most" of US$255M is not $US50M.
    LNC Price at posting: 61.0¢ Sentiment: None Disclosure: Held
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