Great Marketing to shareholders...
Wow in the qty report LNC gives an example of the cash flow it MAY receive if oil is at $100 PB.
My concern with this figure is as follows:
As far as I have read in all reports LNC has hedged its oil production at $77 dollar per barrel so why provide an example of $100PB?
Umiat....unable to complete due to adverse weather conditions. LOL
Last year $500 M in the bank.....as of December 31st 2011 as predicted 2 months ago $30 odd million.
Where has all the money gone?
One year on $120 Million loan facility plus $130 oil debt!
$10 wasted on buyback
$12 Million last qtr on admin and growing.
*** Add 20/20 cricket expenses this qty.
Clive Palmer sues QR.....this creates more uncertainty for Gaillee
no change in reporting style
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)