Apologizes if this is old news but its the first time I am reading it.
Shale Oil Prospects
Separately, Linc has been in discussions to find a partner to develop shale oil prospects in central Australia. The company, which announced earlier this year that it hired Barclays Plc to help with the process, expects to narrow the talks to one group in a “few weeks,” Bond said. Linc is talking with at least four parties from outside Australia interested in the shale oil project in the Arckaringa Basin, he said.
Who knows when a "few weeks" will be and "at least 4 parties" could still mean they are talking to 70 parties, but at least it could be assumed that the Arckaringa partner selection process is progressing.
LNC Price at posting:
$1.22 Sentiment: None Disclosure: Held
