QUOTEThe Company believes that listing on the SGX will help to...

QUOTE

The Company believes that listing on the SGX will help to unlock the value of Linc Energy’s conventional and unconventional oil, gas and coal assets and its underground coal gasification (UCG) technology to provide benefits for all shareholders.
ENDQUOTE

Now that the value has been unlocked by the move to the SGX (around $1.30AUD) what is the next move for TI6? I suggest generating more value would still be the best idea.....Best way to generate value is to get started on projects that generate cash and fund debt and more growth but that is a big challenge for Linc.

I think the 8000-9000 BOPD oil production is still likely inside calendar 2013 thanks to Cedar point but the silence is a worry. Have there been problems with the second horizontal? History tells us PR silence is usually due to a soft bristled broom being used to sweep the disappointment under the carpet. I wont write off 8000+ oil production just yet though, calendar 2013 has 11 days to run.

An Asian (or other) UCG project would be nice. Better still one with a binding contract to get started on a production facility.

Seems like an Arckaringa partner is unlikely till the next round of drill results comes in next year. But how are Linc funding the 2014 Arckaringa drilling program? Chicken and egg situation exists till they generate some cash - the only answer i can think of to break the egg shell is NEC sale/divestment. If they can raise $250M then Arckaringa drill program could proceed even without a partner.

The way they are equating NEC demerger with divestment in the language makes me think there is no one clear buyer offering what they would like for the division assets. So they are getting creative with the demerger which is commendable idea so long as it generates sufficient free cash to fund Arckaringa drilling or another cash generating project elsewhere.

Now that the value has been unlocked by the move the same challenge as before the SGX relist faces Linc. How to fund real growth and generate real value instead of potential value?