Here you go MrMc may explain trading today Linc Energy Signs...

Here you go MrMc may explain trading today

Linc Energy Signs Deal for US$100m Sale of Shale Oil (SAPEX) Asset
November 18, 2015 12:19 AM Eastern Standard Time
SINGAPORE--(BUSINESS WIRE)--Singapore listed Australian energy company Linc Energy T16 has reportedly signed a deal to sell its Disallowed asset in South Australia for a rumoured US$100m (Aus$140m).
Apparently the proposed deal is with a local Australian company with Asian financial backing.
A Memorandum of Understanding is close to being finalised and the money will be in Linc’s account by Xmas.
There’s speculation Linc will use the money from the SAPEX sale to buy back its convertible bond and reinvent its global business model that is based on a wide footprint of Oil and Gas assets in the United States as well as its Underground Coal Gasification technology that is rapidly expanding into Asia.
Linc Energy holds seven exploration licences and two licence applications for the Arckaringa Basin in South Australia covering 16 million contiguous acres or 80% of the shale oil rich basin.

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http://www.businesswire.com/news/home/20151117007163/en/Linc-Energy-Signs-Deal-US100m-Sale-Shale