Australian (ASX) Stock Market Forum

LNC - Linc Energy

Jump to new
Re: LNC - Linc Energy - advice needed!

I am very inexperienced when it comes to buying and selling shares and if i'm honest i have no idea about them! However, a friend of mind suggested LINC energy, i bought at 0.84 - should i get out of the kitchen or hold on to them? Thanks
 
Re: LNC - Linc Energy - advice needed!

No one can answer that question unless they know what all players are going to do with their holding over the next what ever time frame you decide it was a good or bad decision.
All I know about this company is that it provides the most magnificent shorting opportunities of any stock I know!!
 
Re: LNC - Linc Energy - advice needed!

culverhay said:
I am very inexperienced when it comes to buying and selling shares and if i'm honest i have no idea about them! However, a friend of mind suggested LINC energy, i bought at 0.84 - should i get out of the kitchen or hold on to them? Thanks
Click to expand...

The answer is pretty obvious. Since you took your friend's advice to get into the stock, you really should be asking your friend what to do with it now. You're welcome
 
Well lucky, lucky you. Just doubled your money and then some on one of your first investments

Everyone else here is gnashing their teeth....

Good luck. You can't really lose either way. :)
 
There is a new Investor Linc newsletter now online here-

http://www.lincenergy.com/investor_linc.php

Articles include Cedar Point oil field, UCG in Sthn Africa, Eastern Russia, & Wyoming, drilling in Poland and the Sapex Arckaringa Basin asset.

The June Quarterly Report is due by Wed 31 July. Hopefully we will also get a good result from the 3 rd oil well at Cedar Point by then as well.

PS I'm in a neck and neck race to lead the Tipping Competition this month. I hope we get a good announcement on that 3rd Cedar Point oil well by Wed.
 
Good luck there Mickel with the tipping, nice to see your loyalty paying off with lnc. I have managed to pick up a few more shares over the last month or so after selling half my holdings around 2.90. Really pleased with the first two well results from Cedar and this looks to be a good earner for lnc while we wait for Umiat drilling, an Ann on Ackaringa and further JV's for UCG.
If only Boof can get the Aussies playing like the heat did last season in the big bash then we could have more things to smile about:xyxthumbs:xyxthumbs
 
skivvy said:
Good luck there Mickel with the tipping, nice to see your loyalty paying off with lnc. I have managed to pick up a few more shares over the last month or so after selling half my holdings around 2.90. Really pleased with the first two well results from Cedar and this looks to be a good earner for lnc while we wait for Umiat drilling, an Ann on Ackaringa and further JV's for UCG.
If only Boof can get the Aussies playing like the heat did last season in the big bash then we could have more things to smile about:xyxthumbs:xyxthumbs
Click to expand...


Hi Skivvy

I managed to slide in to the winners spot in the July Comp with a 97.56% increase against a fast rising Bathuu with BUL rising 95.24 %.

It seems that you have done very well with the rollercoaster of the LNC S/P. I'm hoping that the next rise past $3.00 will be permanent.

I think the appointment of Boof as the Aussie coach was the best thing that the ACB have done in years. Their dealings with ex coach Authurs to date leave a lot to be desired. From the newsletter, it appears that Boof will still coach the Linc sponsored Brisbane Heat in the Champions League this year at least.
 
Well done Mickel, my congrats to you. Not sure if we will see a similar rise with lnc this month but with some good news who knows. Qtly was ok to me at first scan but will read more tonight.
As for the cricket, I didn't support mickey Arthur's apptment in the first place so all good now Boof is at the helm, he has a challenge with the current players though.
Bring on the second rig from barbers to cedar and we should see some good results in the next qtly I am tipping.

Skivvy
 
Exited half my short yesterday with that high close.
Will probably jump out of the rest tomorrow if it shows strength.
Oil seems to be strengthening and this could run a bit.
Will be looking for the next big short when oil looks to come back down as it surely will!!
 
The silence is deafening on further results from the Cedar Point oil field.

We had 2 ASX announcements -15/7 & 22/7- each advising impressive oil flows
at the Cedar Point field and the 22/7 ann advised a 3rd well was underway with
another 10 well locations identified.

The unstated expectation was that there would be another announcement within
approx 2 weeks, of the 3rd well flow.

Now, 3+ weeks later and no news !! Was the 3rd well a fizzer ?? Who knows ??
Certainly not Beau (from the Footy Show) !
 
Still no further news on the Cedar Point field.

Announcement today that the UCG demo plant operation in Wyoming will commence a 30 day public notice period
and then a 30 day public comment period. Hopefully after this 60 days LNC will be able to commence
their trials.

It has taken 3 years to get to this stage, so 'fingers crossed", the end of the wait is near.
 
Next big thing for LNC could be approval for Adani's coal mine.

Certainly a lot of pressure from the Queensland Govt to get approvals for the Galilee basin projects. The revenue stream into LNC would be very valuable (Around $100m plus PA)

The other interesting part is that Clive Palmers coal mines are also in the Galilee Basin. I wonder how it would look if Clive makes another billion while he is a politician negotiating with the Government over approvals for his mines. Hmnn..:cautious:

http://www.waginargus.com.au/story/1770997/get-out-of-our-way-on-huge-mines-abbott-told/?cs=1287
 
basilio said:
Next big thing for LNC could be approval for Adani's coal mine.

Certainly a lot of pressure from the Queensland Govt to get approvals for the Galilee basin projects. The revenue stream into LNC would be very valuable (Around $100m plus PA)

The other interesting part is that Clive Palmers coal mines are also in the Galilee Basin. I wonder how it would look if Clive makes another billion while he is a politician negotiating with the Government over approvals for his mines. Hmnn..:cautious:

http://www.waginargus.com.au/story/1770997/get-out-of-our-way-on-huge-mines-abbott-told/?cs=1287
Click to expand...

Yes Bas. The same article is getting widespread distribution in the SMH-

http://www.smh.com.au/federal-polit...on-huge-mines-abbott-told-20130911-2tks7.html

Just think of the increase in employment in building the mines, railway and port and then operating them all. Not to exclude the boost to our terms of trade. And, of course, the royalties to both the Qld Govt and LINC.

PS Wagin in WA has a population of approx. 1,600. It used to have a good pub years ago when I visited.
 
Not much new here, but still worth a read as a bit of a refresh.
The more I read about Linc, the better I like it.

DUG Australia: Arckaringa Basin Holds Unconventional Resources

By Scott Weeden, Hart Energy
September 11, 2013

Resources are estimated at 3.5 Bboe, which is comparable to the Eagle Ford’s 3 Bboe.

The Arckaringa basin is in South Australia west of the Cooper basin. Comparisons with the Eagle Ford basin in the US show just what kinds of challenges face the nascent shale gas industry in Australia.

The Eagle Ford play has about 12 million acres overall and more than 80 operators are active. The Arckaringa basin has 20 million acres overall and one single operator – Linc Energy Ltd. – for about 16 million acres. Only 19 significant wells have been drilled in the Arckaringa, and there are no producing fields. More than 4,000 wells were drilled in the Eagle Ford over the last 12 months, and the play includes 38 fields. Resources are estimated at 3.5 Bboe in the Arckaringa and 3 Bboe in the Eagle Ford.

“We don’t have the capital to drill 100 wells, especially when those wells cost [US] $8 million to $10 million,” Don Schofield, president, Linc Energy, told the DUG Australia conference in Brisbane on Aug. 29. “We’re looking for joint venture partners and alliances. We’ve got a clean run on this acreage for 10 to 15 years without any competition. It will take about $2 billion to drill 300 wells.”

The company noted that there is a lot of exploration work yet to be done. Linc’s subsidiary, SAPEX Ltd., has 10 petroleum exploration licenses (PEL) covering 16 million acres, two PEL applications, and seven exploration licenses for coal and other minerals.

“Coal was what led us to the Arckaringa before unconventional became popular. We have about 4,313 line km (2,681 miles) of 2-D seismic and no 3-D in the largely unexplored basin. We have 19 wells that penetrate the zones of interest, so we don’t have a lot of data,” he said. “We’re in the exploration phase right now. We have mapped the tops and bottoms of the formations in seismic, which are carried across the basin.”

The shales of interest are in the Permian section and are marine shales. The shales are found from 600 m to 2,000 m (2,000 ft to 7,000 ft) deep and range in thickness from 70 m to 1,200 m (230 ft to 4,000 ft). Porosity is 5% to 17% with total organic compounds (TOC) from 4.5% to 10%. Currently the company is approaching the unconventional resources using conventional methods.

Linc discovered oil in the Maglia-1 well in 2011. The oil was found within coal seams and dripping from two sandstones between the coals. “The oil migrated from much deeper – more than 1 km – and that started us thinking about oil,” Schofield continued.

The company took cores in its Arck-1 well and found very organic-rich shales through the Stuart Range formation. “TOC was over 4.5% with some as high as 10%. Vitrinite reflectance was around 0.6%,” he added.

The resources are there. Linc used DeGolyer and MacNaughton, and Gustavson for prospective resource assessments. The former estimated unrisked prospective resources at 95 Bboe, while the latter set the number at 232 Bboe.

The company plans to take additional cores from hydrocarbon zones and do extensive technical analysis of the cores. Additional 2-D and 3-D seismic surveys are planned. Linc will test all producible hydrocarbon zones, develop a stimulation strategy, and pilot horizontal wells, he explained.

The next step for the company is to enter into some commercial deals and joint ventures. “We want to start alliances on the services side. “It is important to Linc Energy to work with traditional owners. We have an existing petroleum system with great characteristics. We have a large acreage position. People that look at it like it,” Schofield said.

http://www.epmag.com/Technology-Ope...a-Basin-Holds-Unconventional-Resources_122321
 
Interesting chart for LNC in the last few months, dropping from ~$2 to ~$1.50 but on ever decreasing volume - technically doesn't look like many sellers should be left and any significant up-day could possibly propel it back towards 1.80-2.00 mark again

I don't hold but will continue to watch in interest. :)
 
Good presentation on LNC UCG/GTL/CO2 enhanced oil recovery project. (proposed). This is their effort at putting all the pieces together in one very profitable package.

The bottom line is a suggested revenue of $600m a year from a 5000BPD GTL project. Lets see if they can at least one of these up and running .. (Maybe they will now that I'm out of it..)

http://www.uwyo.edu/eori/conferences/co2/2013 presentations/deurloo.pdf
 
LNC sitting on anything big in Australia ?
They may be told to get a hurry on....

Part of the incoming coalition governments plan to speed up mining investment and reinvigorate the mining boom will include telling resource giants to boost spending on massive new projects or being deprived of the right to tap the deposits they are targeting.

See story at ;

http://www.finnewsnetwork.com.au/archives/finance_news_network24693.html
 
PinguPingu said:
Interesting chart for LNC in the last few months, dropping from ~$2 to ~$1.50 but on ever decreasing volume - technically doesn't look like many sellers should be left and any significant up-day could possibly propel it back towards 1.80-2.00 mark again

I don't hold but will continue to watch in interest. :)
Click to expand...

I would agree, I'd be looking at action at the 50% retracement or maybe earlier of the last upward movement.

big.gif


gg
 

Attachments

  • big.gif
    big.gif
    4.3 KB · Views: 3

Similar threads

R
The Financial Endgame
Replies
18
Views
9K
qldfrog
qldfrog
R
The American use of War Pretext Incidents
Replies
6
Views
9K
sptrawler
sptrawler
Top