no change in reporting style, page-7

Yep, used to buy the assets in the US which he didn't want to buy and then bought because the vendor was going sue the pants off Linc energy and PB. Made all the excuses not to buy then proceeded to execute the contract.

It's how I interpreted the announcements.

Lets see what happens next quarter, the quarter after and after that. Who knows where the share price will be then.

Financiers have well and truly stitched up Linc Energy. Only way out in my opinion is to sell Teresa, Pentland and whatever else is non-core by end of the year.

Revenues from oil production in the US won't even be enough to cover the administration costs of the company. take a good look at the cash flow statement.