LNC - Linc Energy

[Jonathan111]

2011 is nearly here Basilio!

Im sure we will back up there soon.

Check this presentation out if you havent already!

ASX Small to Mid Caps Conference

A lot of new info on the short term direction on LNC.

some of the points in the presentation:

Joint Venture arrangements in Asia, including India to be announced late 2010 (must coincide with the red points on the map)

The points about Enhanced oil recovery, seems to have risen suddenly. There must be lots of talk with a potential JV/partner going on.

LNC has its own EOR team in Casper, Wyoming
Shortage of CO2 at quantities for EOR to which UCG is the answer.

June 2011: Contracts on modularised plant.

First operational gasifier in Wyoming due late 2011,
leading to multiple gasifiers for revenue and
EOR production

To sell another coal resource in Q1 2011 Qld (hopefully by christmas)
Theresa tenement: Under negotiation ‐ conservative independent valuation over AUD500Mn
Complete LEA‐1 well in December 2010 Alaska Gas
Target of ~AUD1Bn in the bank by Q2, 2011
No stock dilution (Great!)
Strategic Joint Ventures for EOR/GTL and power
generation opportunities.

 

[dogeatdog]

Well one quick spurt into the $2.20s to tempt our confidence -- and then back to the doldrums. Disappointing.

Interesting to see the AFC sp in the UK continues to rise.
I've been trying to dig up info on the status of the Lea #1 project. Nothing!

Linc needs some positive news, either a tenement sale or a gas find to
put the stock back on the radar.

LNC holder.

 

[dogeatdog]

21 Oct 2010 ASX Conference Presentation Hong Kong (Linc energy web site).

Having just looked at the Linc presentation, it would appear 2011, rather than Q4 of this year, is when all the exciting progress will be announced.
However Lea #1 will give the sp a boost this year if the guys find gas

 

[luckypaul]

Has anyone noticed that 4 days out of 5 there is a trade at the close or after the close which drops the Linc share price? Today was a sell of 117,496 shares which took the SP down from 1.86 to 1.85. Not a lot I know, but this happens on a regular basis usually with between 50,000 and 200,000 shares.

Could this be a fund trying to drop the price by buying during the day and then selling at the end so they can buy in cheaper the next day? Something is weird here.

Please see the attachment for todays chart but, as I said, this happens more often or not since the last coal sale was announced.

Anyone have any clues?

 

[teabagger]

Federal Environment Minister Tony Burke on Friday conditionally approved the Gladstone Liquefied Natural Gas (GLNG) - a joint venture between Santos, Malaysia's Petronas and France's Total - and BG Group's Queensland Curtis LNG.

Looks like this announcement has had a positive rub off effect on linc. Or maybe the new trend is that Fridays are becomming green days for linc.

Who needs charts

 

[luckypaul]

Linc Annual report to Shareholders relased today (22/10/2010). This presentation contains lots of good stuff but you need good eyesight. Enjoy!

 

[Mickel]

2011 is nearly here Basilio!

Im sure we will back up there soon.

Check this presentation out if you havent already!

ASX Small to Mid Caps Conference

A lot of new info on the short term direction on LNC.

some of the points in the presentation:

Joint Venture arrangements in Asia, including India to be announced late 2010 (must coincide with the red points on the map)

The points about Enhanced oil recovery, seems to have risen suddenly. There must be lots of talk with a potential JV/partner going on.

LNC has its own EOR team in Casper, Wyoming
Shortage of CO2 at quantities for EOR to which UCG is the answer.

June 2011: Contracts on modularised plant.

First operational gasifier in Wyoming due late 2011,
leading to multiple gasifiers for revenue and
EOR production

To sell another coal resource in Q1 2011 Qld (hopefully by christmas)
Theresa tenement: Under negotiation ‐ conservative independent valuation over AUD500Mn
Complete LEA‐1 well in December 2010 Alaska Gas
Target of ~AUD1Bn in the bank by Q2, 2011
No stock dilution (Great!)
Strategic Joint Ventures for EOR/GTL and power
generation opportunities.

Good summary, Jonathon. I particularily like the first point you quote, namely

"Joint Venture arrangements in Asia, including India to be announced late 2010".

as this is very close. I wonder if it will be announced before/at the AGM on 25th November. It hopefully will provide another boost to the s/p together with the other coal resource sale, if it happens before Christmas.

Good close on Friday with s/p up 9.5c to $1.945.

I continue to hold LNC.

 

[Jonathan111]

Linc Annual report to Shareholders relased today (22/10/2010). This presentation contains lots of good stuff but you need good eyesight. Enjoy!

Some points that stuck out for me were:

Gasifier 4 continously running since Feb 2010

Gasifier 4 designed as a near commercial scale, functioning as a commercial scale gasifier.

(I am wondering if there are restrictions by QLD gov, in regards to LNC running a commerical size ucg plant for testing purposes at Chinchilla. It would be a bonus if they could go commercial at Chinchilla )

Achieved gas level conversions comparable to those required for commercial operations.

First campaign of GTL April 10 - May 10 converted ucg syn gas to syn crude matching commercial targets. (I would like to see the figures though ) More campaigns underway.

 

[Mickel]

Announcement this morning that the Alaskan gas well, LEA1, has been spudded.
S/P breached $2.00 with a high of $2.03 so far.

"Further to its previous announcement of 14 July 2010, Linc Energy Ltd (ASX:LNC) (OTCQX:LNCGY) is pleased to announce that it has now spudded its first gas exploration well (LEA #1) on the Company’s oil and gas leases located in the Cook Inlet Basin.

The spudding of the LEA #1 well is the first drilling activity in Linc Energy’s Alaskan exploration program. The well has been designed to target a number of stacked gas objectives whilst intersecting regional coal measures.

The CEO of Linc Energy, Peter Bond, said, “Spudding LEA #1 in such a short period since the acquisition of these leases is a significant achievement by Linc Energy’s Alaskan staff and one which further demonstrates our committed effort to enter the United States energy market. These Alaskan assets will be a definitive part of the early cash-flow opportunities for Linc Energy in the months ahead. I look forward to updating the market on the results from LEA #1 and the expansion of our operations and exploration activities within Alaska in due course."

Hopefully some more good news in the next few weeks !

http://www.lincenergy.com.au/data/asxpdf/ASX-LNC-289.pdf

 

[basilio]

Anyone else notice how LNC latest investment has gone totally ballistic?

LNC purchased 10% of AFC (Alkaline Fuel Cell) at 17.72p earlier in October. Current price of AFC is 59c and climbing steeply - all on the strength of its fuel cell technology. That's well over 300% in a couple of weeks...

Some very happy campers on AFC discussion boards looking for LNC and co to quickly establish the first commercial fuel cell power stations.

And wouldn't it be great if we had some action down under as well.

http://www.iii.co.uk/investment/detail?code=cotn:AFC.L&display=summary&it=le

 

[noirua]

I started this thread and sold out too soon. If it wasn't for ASF it would not have started at all. That reminds me! Yes, there's a vote over at The Bull and that's a linc sorry link, well coming up and gives us all a chance to support ASF and its continuance: http://www.thebull.com.au/the_stockies/forums.html

Thank you all, and good fortune to the green basis of Linc Energy in Australia and abroad.

 

[basilio]

LNC purchased 10% of AFC (Alkaline Fuel Cell) at 17.72p earlier in October. Current price of AFC is 59c and climbing steeply - all on the strength of its fuel cell technology. That's well over 300% in a couple of weeks...

What a difference a day makes.... AFC currently 76.5 p.Wonder if any of LNC's staff opted to buy in when LNC decided to exercise their option on AFC a couple of weeks ago ?

Again it will be interesting to see at what stage the potential of the fuel cell technology becomes appreciated and thus LNC's role in providing the fuel for that process.

 

[dogeatdog]

SYDNEY (Reuters) - Energy corporation BG Group said on Sunday it had given final approval to a $15 billion project to develop a major new liquefied natural gas project in northeastern Australia.

The above has to be good news for Linc going forward.
If nothing else, it shows a willingness by the politicians etc, to accept the enviromental issues for the use of coal as a raw material to be converted into alternative forms of fuels.

Lnc holder.

 

[dogeatdog]

This week could see a turning point for global equities.
With the FED meeting on Wednesday to determine how much, if any, new money to pump into the US economy.
I expect low trading volumes, as far as linc are concerned, up until the announcement, followed by either "steady as she blows" or "all hands to the pumps".
My fingers are crossed for the former.
IMHO of course

 

[Mickel]

It appears LNC is on the move again. Up more than 4% (8.5c) to $2.07 while ASX all ords is up 0.1%. All on turnover of 700,000 in 40 mins of trading.

Is there some good news in the wings ????

 

[ParleVouFrancois]

RE Mickel, good news in the wings? LNC has rerate written all over it, just a matter of time imo.

 

[snowking]

either there is some news in the wings or investors have decided LNC is worth more than current SP and the re-rating is beginning now. Up 4.5% again today.

 

[dogeatdog]

Wednesdays positive news out of the US, has helped the linc sp gain 4.88% today, with a high of 2.20 IMHO
Linc announced an internal guy to act as the new company secretary, highly praised by PB.
Hopefully a closing sp of 2.20 plus to end the week?
Not wanting to tempt fate, but all looking rather rosey

Lnc holder.

 

[ParleVouFrancois]

Up today on the appointment of a company secretary, now if only LNC would hire another 10 more of them we'd be closer to intrinsic value.

On a serious note though, I agree with you DogEatDog, if we get some positive cashflow from the N. American operations it'd be much more likely to rerate in the short term. We have sufficient capital (450 million or so) to fund any well drilling or development we'd need, 100% internally so no need for debt or dilution of shares at this point. I'm just holding out for that drilling report in the near term.

 

[dogeatdog]

Up today on the appointment of a company secretary, now if only LNC would hire another 10 more of them we'd be closer to intrinsic value.

On a serious note though, I agree with you DogEatDog, if we get some positive cashflow from the N. American operations it'd be much more likely to rerate in the short term. We have sufficient capital (450 million or so) to fund any well drilling or development we'd need, 100% internally so no need for debt or dilution of shares at this point. I'm just holding out for that drilling report in the near term.

A second coal tenement sale, pronto! would remove the need for any external funding requirements for sure.

Still no update from Linc regarding the procurement process, for the proposed core business, CTG etc.

Any O&G people participating in this thread, who can give an insight as to the likelyhood of finding the anticipated hydro carbons at Lea 1, as it's the first attempt?