Lnc will most probably default on the oil business as and when...

Lnc will most probably default on the oil business as and when the next interest payment is due from memory April 2016
I cannot understand why LNC has continued with the Oil assets . This cost $500m to buy and $400 m in borrowings this is the single biggest mistake PB made and it has sunk the company. No one in the company had any experience in oil unfettered PB rolled the dice and bought what is Gulf Coast oil assets . This was doomed the day of the purchase why because the previous owner saw PB coming. This was the same Alan Bond moment that Packer frisky said you only get one Alan Bond in your life as he sold channel 9 for $1 billion. So with the oil gone by April there's only one business left and that's UCG and what's a business that makes little or no money a year worth ?