I'm so happy with FAR and hope I don't make any silly decisions being caught in the euphoria. Back to LNC,
In the 2014 report in the SAPEX section it does say Unconventional reservoirs are estimated as high as 103 BBOE.
Goes on to say significant upside potential exists in the Basins conventional oil resources with a preliminary estimate of 125BBL. - being further assessed.
Then in the stage 1 plan it also says test one area with conventional prospective resource potential.
So this is why I was asking. Have I misinterpreted something> I dont know much about O&G other than you can blow your dough or buy a bakery!
In the Eromanga Basin - SAPEX has 100% ownership - these licenses are the largest onshore oil & gas basin in Australia.
Surely Linc can get itself out of the doldrums with the above facts & a little luck!
LNC Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held
