no change in reporting style

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