We have to give credit to efforts of the oil division:
"Current production capacity from the Gulf Coast and Wyoming assets is approximately 4,200 BOPD. An aggressive drilling and completion program in the Gulf Coast should allow the Company to reach its targeted production range of 6,000-7,000 BOPD (Gross) by December, 2012."
Hitting double digit monthly growth targets, Linc's oil division is turning into abit of a beast. If the trend continues they will hit the upper range of that target and achieve their $130m EBITDA forecast. Then kaboom.
Thumbs up for the hardworking wildcat type folks down in the oilfields! Albeit paying the payroll of fellow fatcats, they are providing shareholders some needed semblance to money being well spent! :)
LNC Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
