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99.5¢ linc energy ltd

SGX ann, page-6

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colb

4,379 Posts.

262

03/09/14

18:55

Post #: 13920026
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Originally posted by jamesph61 ↑

Must be a good enough offer otherwise PB would have just told them to go and get Farrrrr away and not said boo to the market.
Also, unlike the normal PB pr spiel, the following has a decide "down playing” feel to it, with a touch of smugness

"Peter Bond, Chief Executive Officer and Managing Director of Linc Energy said, “It is early days on the oil asset negotiations but it is always nice to receive unsolicited approaches on our assets that reconfirm the underlying value and provide third party validation. We will work with the parties and update the market if we can agree final and binding terms. We will endeavour to conclude discussions before the end of 2014. In the meantime, it is business as usual as we focus on the exploration and development of the shale deposits in our South Australian leases, our continued development of the Gulf Coast oil assets and the development of our underground coal gasification (UCG) into new areas of business.”

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Please tell me this is not a stunt to shore up the fledgling share price of Linc Energy.
Okay, Okay, call me a cynic! I just find it somewhat amusing that anyone, least of all a major player would be chasing assets currently producing an underwhelming 3 to 4 thousand barrels of oil per day.

LNC Price at posting: 99.5¢ Sentiment: Hold Disclosure: Held
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