Linc Energy Ltd. ADR (LNCGY)

[NorthShoreJoe]

Actually, Alaska will be peanuts compared to the Coober Pedy and the Arckaringa Basin find. UCG (Underground Coal Gasification) and GTL (Gas to Liquids) is fine and all but read up on the potential that this company has as a game changer for Australia from Oil Importer to Oil Exporter. The find in Arckaringa Basin is estimated @ 3.5 to more than 200 BBOE. That's Billion Barrels. At the top end, that's more than North America. More than Venezuela. Nearly as much as Saudi Arabia claims to have in reserves. They've partnered with Barclays Bank which could require in excess of $300 Million for this project. I'm trying to research the Operators and Service Providers that will be required for an endeavor this large. I.E. companies that specialize in Pipe Line Building, experience in Shale Oil extraction, Fracking, Refining, Drilling, Storage, Shipping, etc. that will be teaming up with Linc for this massive find. This is my own DD and my belief is this will be a long term investment.


Potential $20 Trillion worth of Oil in South Australia

Chief Business Reporter Cameron England •
The Advertiser •
January 24, 2013 12:00AM

The Wall Street Journal reported last week the US could pass Saudi Arabia as the world's largest oil producer this year, thanks to the shale oil explosion.

Shale oil extraction involves using new technologies to drill vertically and then horizontally for distances of more than one kilometre through shale rocks that contain oil.

The process was once prohibitively expensive but advances have created a new oil boom in the US.

Mr Koutsantonis said: "We have seen the hugely positive impact shale projects like Bakken and Eagle Ford have had on the US economy.

"There is still a long way to go, but investment in unconventional liquid projects in South Australia will accelerate as more and more companies such as Linc Energy and Altona prove up their resources."

Mr Bond said the potential in SA was "massive", but even at the lower end of estimates - about 3.5 billion barrels - it was still very large.

"If you look at the upper target, which is 103-233 billion barrels of oil, that's massive," he said.

"The opportunity of turning this into the next shale boom is very real.

"If the Arckaringa plays out the way we hope it will, and the way our independent reports have shown, it's one of the key prospective territories in the world at the moment." Mr Bond said each well could flow at 1000-2000 barrels per day.

"You put in 50 of them and that's a lot of oil," he said. "We have a very good idea that this will be an oil-producing asset."

Mr Bond said Linc had so far spent about $130 million in the Arckaringa Basin, drilling four deep wells and "a couple of dozen" shallower wells.

British company Altona Energy was scheduled to start drilling this month to discover more resources for a proposed coal to liquids and power project also in the Arckaringa Basin.

More Info is at the link below...

SAPEX SHALE OIL THE NEXT LINC ENERGY FRONTIER PROSPECTIVE RESOURCES COULD BE AS LARGE AS 233 BILLION BARRELS RECOVERABLE (UNRISKED) - See more at: http://www.lincenergy.com/investor_linc.php#sthash.2Y57o9yt.dpuf