szaba You are correct that many oil well drilling campains fail and I'm not including you or some of the other regular long term holders in my comments about rampers on this site.
The problem with this is Linc had hardly any drilling experience and should never of even touched Alaska. Its not just that they couldn't get a flow rate its the fact that they went over budget and only drilled one well instead of the planned 3.
My problem with Linc is that they seem unable to control costs and are sometimes reckless with shareholder money.
If they had just concentrated on UCG and the US oil when they got the $500M from Adani rather than trying and do too many things they would be in a much better position than they are today.
LNC Price at posting:
$1.56 Sentiment: Sell Disclosure: Not Held
