Linc is exploring for oil in the Arckaringa, not the Cooper. And their price rise is partly due to oil and partly due to a favourable Qld govt report on their (supposedly) core business of UCG.
Hard to know how much is due to which. The fact LNC is up 100% in a month suggests it's not purely due to oil, since most of the central Australian oilers are up about 30%.
Incidentally CTP is up 25% over the same period so perhaps it's already wriggled up to match the others...
Linc is exploring for oil in the Arckaringa, not the Cooper. And...
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