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LNCGY one for 6 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Anyone have any idea how much the cost of production per barrel is?
Thanks Futr, I had lost track of the progress @ Ackaringa basin.
Al
Setting up for a bottom play???
Something good seems to be occuring...
But I don't have a clue?
futr
I already have several thousand share Linc. Am thinking of adding more at these prices. Any advice? Thnx
23H WELL IN UMIAT ALASKA Production Test Results-
http://lincenergy.listedcompany.com/newsroom/20140331_070847_TI6_9VAYWNKI9EMWNIP9.1.pdf
futr
Thanks futrcash
17 March 2014
23H WELL IN UMIAT ALASKA REACHES TARGET DEPTH
? The 23H well being drilled at the Umiat field in Alaska has progressed on prognosis
reaching total depth at 4100 feet measured depth
? Currently running the liner
? Ryder Scott estimate Proved & Probable (“2P”) reserves of 154.5 million barrels of oil
equivalent (“MMboe”), with a 2P NPV10% of US$2.465 billion, and Proved, Probable &
Possible (“3P”) reserves of 194 MMboe, with a 3P NPV10% of US$2.845 billion.*
Linc Energy Ltd (SGX:TI6) is pleased to announce that drilling of the 23H well at the Company’s
Umiat oil field (“Umiat”) located in Alaska has now reached total depth for the well at a measured
depth of 4100 feet.
The well is running the slotted liner.
The flow test will utilize an open-hole configuration using slotted liner with no cementing or
perforations required. This completion methodology closely mimics past successful flow tests at
Umiat.
Linc Energy’s Umiat oil field consists of 19,358 gross acres over three leases and is located in
the western foothills/foldbelt province of the North Slope Foothills of Alaska.
Peter Bond, CEO and Managing Director of Linc Energy, said: “We are delighted to have
reached TD and look forward to a successful flow test in the coming weeks.”
*The reserve estimates used in this statement were compiled by independent consultants, the Ryder Scott Company,
L.P., in accordance with the definitions and guidelines set out in the 2007 Petroleum Resource Management System
by Scott J. Wilson (Senior Vice President of Ryder Scott Company LP) who has consented to the form and context in
which the reserve estimates appear.
The initial public offering of the Company was sponsored by DBS Bank Ltd., Credit Suisse (Singapore
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~`http://www.lincenergy.com/index.php
futr
Shares of LINC like holding an Energy Mutual Fund-
http://www.lincenergy.com/data/asxpdf/ASX-LNC-494.pdf
futr
Quarters Report-
http://www.lincenergy.com/data/asxpdf/ASX-LNC-516.pdf
As I mentioned previously...the near to medium term catalyst remains Alaska=Umiat
The oil shale and UCG is 10 years away-
futr
Does anyone have opinions on Resolution 3 and Resolution 4?
Great link RevolRekop. 400K+/day oil production - very nice. The UCG technology will some day make this company BIG. I have been very busy the last 3 weeks so I have some catching up to do on my reading.
Thanks for posting.
Big possibilities for Linc Energy.
The service and partner companies that the Dr was hinting at could be a vast number of cos. such as:
SLB, HAL, CVX, or an Austailian major, but all in all the best opportunity IMO would be stick with Linc very long term.
Ignore my last message, I just found out their FY ended in June.
Lots of good info on their website, I'm pleased with their recent increase in oil production.
http://www.lincenergy.com/asx_announcements.php
R.R.
It was mostly because of this teaser that I decided to buy in @11.09 I'm still holding my 770 shares and honestly I can't even describe how happy I am. If you are looking for an entry point I would suggest you wait for a pullback around $13-$14, the MA(200) is showing a price target of $17.66, after that, most likely it will retrace to previous levels BUT if tomorrow opens pass $18 I would hold.
Of course this is all just my personal opinion.
Good luck,
R.R.
Thank you,
would you happen to know when is their next earnings report?
TIA,
R.R.
Anyone Else See This?
http://moneymorning.com/ext/arckaringa/video-kmsidebar.php?promo=PEADP722&src=taboola-energywar
Wonder how much of it might be believable?
Certainly there are a lot of other prospective basins I know of around the world,including other basins in Australia,which have been similarly hyped.
futr
welcome RevoRekop - great buy.
Hello,
I'm a newcomer, bought in @11.095, 770 shares. Just wondering if anyone knows when is the next reporting date for LNCGY?
TIA,
R.R.
very close to a 13.55 psar flip. I hope everyone bought those lows.
RSI showing oversold
PPS going inverse to news......I am buying this low! Currently 11.9
LNC to seek listing on the Singapore Exchange SGX
http://ih.advfn.com/p.php?pid=nmona&article=59446573
LNC Umiat Valuation Increases to over US2.8 Billion
http://ih.advfn.com/p.php?pid=nmona&article=59383901
LNCGY: Gas to Liquids (GTL) Technologies http://www.lincenergy.com/gas_to_liquids.php
LNCGY: Underground Coal to Gas Conversion
http://www.lincenergy.com/underground_coal_gasification.php
LNCGY chart may allow some more cheap shares.
XR7Merc - I believe they most likely will follow the same trends, but being another exchange there could be differences (say a Foster's has a leak at one of their bottling plants and all Australian traders are traumatized. I love cheaper, but am trading here on OTC in LNCGY and not the others.
I have recently taken a position and missed the July 1 low but am starting to slowly add. I think the chart is looking great here though. We had a nice rise, consolidation and a handle.
Good Luck and hope to see you here. I am going long on this - I really like what I am hearing and if you find some DD bring it on!
That's great info didn't know the letters stood for anything specific.
Personally I'm waiting to be able to jump into this one, was going to go YF since it is the cheaper, but I guess it wouldn't much matter since both will move the same percentage.. correct me if I'm wrong.
Thanks for the help
RJ - It is a good question. honestly I did not even know about LNCYF. I NOW know of these: 1) LNC, 2) LNCGY, 3) LNCGYF
1) LNC on the Australian (ASX).
2) LNCGY
Y – American Depositary Receipt (ADR)
An American depositary receipt (ADR) is a negotiable security that represents securities of a non-US company that trades in the US financial markets. Securities of a foreign company that are represented by an ADR are called American depositary shares (ADSs).
3) F – Foreign
Not sure it helps. I need to start plotting all 3 together!
This may be a rookie question but can anybody tell me what the main differences are between these two offering LCNGY or LCNYF I would like to hold a position but am confused. Thanks for any help
Yes XR7Merc - I have just taken a position here and will be continuing to build on it. I like what I am reading about the shale reserves and the underground coal to gas process (UCG).
Just curious if anybody is trading the OTC of this stock? It would seem it follows the same path for obvious reasons just at a tenth the price.. or is there something I'm missing? I do plan to invest provided a few other areas pan out. Thanks in advance!
IT is almost hard to believe plus the Internal bickering in the Royal family. She is taking a dip this morning and I will be spacing my buys out to see where we really bottom here. LNCGY
I heard that last night
talk about the 'shoe on the other foot' - sweet!
Wildbilly - I read their last annual cover to cover and like what I see. It seems as their priority may be the underground coal to gas (UCG) process which seems to yield better product(less Sulfer, Nitrogen) at a larger energy capability per unit of mass natural resource (20x). If that 20x is real then I can see why the focus over their trillions of dollars of oil reserves!!!! Mind boggling really (both)
Now maybe I will get schooled on the management, but it seems like they understand their market, where they are at now as a company, and what their priorities are.
I am taking a slow buy in approach and have started picking up shares daily here the last week. I know I am entering the chart midstream off that $8 dollar wish I was here point so will smooth out my entry.
I hear you on the O&G but hopefully the times are perfect for this investment. Good luck and much success to you. LCNGY
Hey trade, there certainly is a lot
of potential and a lot of uncertainty of how soon they can get that shaling on line, dammit, why can't we ever have an easier route with these O & G guys. :) One thing's for sure, they've got it and are sitting on it, these low prices should bode pretty good for your entry.
I also like them getting away from coal what with China trying to do the same and looking more towards alternate energy.
Good luck bud!
thanks and it does look promising. Good Luck!
yes...still following. Been trading it a few times. Think it has a great future. Be sure to review the info on the company website....lot of good stuff there. Presently am in and adding a bit more...fwiw! Do your own DD of course.
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