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1,726 Posts.
30
10/01/13
12:29
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Linc has got two potentially huge irons in the fire :-
- UCG with GTL , operatorship and services , CO2 for enhanced oil recovery .
- Arkaringa shale
The problem has always been that Linc has lacked the revenue to offset the outgoings with the result it always needed to raise cash .
6,000 bopd (and increasing) buys the time needed to get UCG and Shale over the line . The Adani royalty is within site now .
The cash flow is key and has de-risked Linc and made it safe to hold .
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