LNC 0.00% 99.5¢ linc energy ltd

Yes, nice find Mark.Another interesting fact reported there that...

  1. 472 Posts.
    Yes, nice find Mark.

    Another interesting fact reported there that hasn't been mentioned is this -

    "In August 2013, Linc sold “rights to certain oil and gas tax credits” from the State of Alaska to the investment firm Apollo Investment Corp. for some $24.7 million. "

    Smart business in cash strapped times to cash in Tax Credits. This wouldn't normally be known until the Sept Qrtly Report comes out at the end of this month.

    Anthony, this is where you read about a possible second horizontal well-
    "The proposed minimum program will include the drilling, completion, and production flow testing of one horizontal well (23H). Linc Energy also has the option to drill and test the 24H horizontal well at an additional location. The decision to drill the 24H well will be made in 2014 and is subject to overall timing of the 23H well. This year’s planning is a simple execution of the 23H well with a good second option of potentially drilling 24H if it is appropriate to do so."

    http://www.lincenergy.com/data/asxpdf/ASX-LNC-504.pdf
 
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