Hopefully not masking anything?
Poor production IMO.
From Ryder Scott.
"No proved Reserves are included in this report"
"The estimates of Reserves presented here in were based upon a detailed 2012 study of the properties in which Linc owns an interest; however we have not made any field examination of the properties"
"Ryder Scott reviewed the fiscal terms of such contracts including the Alaska State "ACES" tax structure as recently modified & ratified by Alaska SB21. This complex tax structure and its impacts were CALCULATED BY LINC AND NOT INDEPENDENTLY VERIFIED IN DETAIL"
"Ryder Scott has not conducted an exhaustive audit or verification of such contractual information or our acceptance of Lincs representations regarding such contractual information should (not) be construed as a legal opinion on this matter"
"The estimates of the reserves, future production & income attributable to properties in this report were prepared using the economic software package AriesTM System Petroleum Economic Evaluation Software...The program was used at the request of Linc."
Not worth the paper it's written on,IMO, but the SP will rise, so all is good.
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- valuation increases to over us$2.8 b
valuation increases to over us$2.8 b, page-3
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