My understanding is that there is a little bit of anticipation that they will strike oil but I have a feeling they haven't emphasised this so as not to build up expectations for something that is not likely to happen. Have a look through the Arckaringa announcements with a search for the words "conventional" or "hyrdrocarbons" to find references for conventional oil.
LNC Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
