Newsletter is out although mostly it is recycled news covering the recent quarter without any revelations.
Umiat round two coming up for a bit of excitement over Christmas. Core analysis shows nice sandstones with minimal clay but no mention of what blocked the flow in #18 or why they think 23H will be different in terms of flow. Best not to jinx it i spose. fingers crossed they do know what they did wrong last time. It is 16th Dec and newsletter says " *will* start snow road early December", so does that mean it has started?
No mention of Genting. Are they important? Nothing to say about them in the newsletter. Maybe saving it for another day?
No mention of oil production rate or revenue. If no mention prior to relist that will be a bit sad.
They talk about starting drilling wells in Arckaringa in q1 2014 but dont mention well costs or how that is funded (Maybe NEC divestment?). They are still in talks, but no target dates mentioned for choosing a partner. Was six months back in January 2013. Are we still paying Barclays to identify a partner? In Jan I thought 2013 was going to be the year Linc busted out of the rut with an Arckaringa project partner and big developments.
Maybe 2014 will be Linc's big year? Good luck LT holders.
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