LNC - Linc Energy

mattryanshares · 31 January 2011

http://imagesignal.comsec.com.au/asxdata/20110131/pdf/01146152.pdf

http://imagesignal.comsec.com.au/asxdata/20110131/pdf/01146242.pdf

SP took a little move in the right direction today when everything else was falling, maybe because of above??

Jonathan111 · 31 January 2011

Cash at end of quarter 421,666,000

Teresa - Environ Impact Statement to start in 2011, 4 holes planned delayed due to access flooding

Hey Dog eat dog. when asked why LNC does not take over CXY at the AGM, Peter Bond said that CXY does not have anything Linc wants.

Atomic · 1 February 2011

sp had a bit of a comeback today, why ?.
Could it be the sentiment for the industry has turned or is it just a bounce from the teresa drill prog. With the latest sp pullback i grabbed some . but the future is still to arrive for linc and its technology/ies. admit thou the old rear passage was puckered and ready for a total loss of control

mattryanshares · 1 February 2011

Yeah i was the same, i jumped back in yesterday at 1.78. Pretty happy with todays movement.

Jonathan111 · 1 February 2011

mattryanshares said:
Yeah i was the same, i jumped back in yesterday at 1.78. Pretty happy with todays movement.

1.78? I thought it dropped to lowest 2.29? Is that right? Did i miss the cyclone?

mattryanshares · 1 February 2011

Jonathan111 said:
1.78? I thought it dropped to lowest 2.29? Is that right? Did i miss the cyclone?

yeah i bought it at 2.43, i bought LYC at 1.78,

Can i blame iphone correction on that???

Atomic · 1 February 2011

Ok people goin back a few anns' PB mentioned that the coal sale will be done with a improved value ie- investment in the rediness to prouce coal.

does this mean with drill results , proven jorc reserves .
and will this be equally reflected in the sp as each stage adds to the improved value?

With proven reserves is this not a garuntee of the sale and comand a slice of the royalties pie . which i like also as an holder of lnc

Mickel · 2 February 2011

Here are references to interesting articles-

http://www.cedaily.com.au/nl06_news_selected.php?act=2&stream=1&selkey=44630&hlc=2&hlw=

A report on the Report of the Independent Scientific Panel (ISP) on Underground Coal
Gasification

http://www.dme.qld.gov.au/zone_files/Mines/ucg_policy_february_2009.pdf

The Qld Govt Policy on UCG and the 3 Trial Projects

http://www.derm.qld.gov.au/environmental_management/ucg/documents/linc-energy-report.pdf

The ISP Report on LNC.

The bottom line is that LNC performing in an acceptable manner.

From the policy document-
"Each UCG pilot proponent be required to complete and submit a detailed project report (Pilot Project Report) of all activities, impacts, including any impacts on resources outside the boundary of the pilot tenure, and findings associated with the conduct of the proposed UCG pilot projects, with the Pilot Project Report to be given within three (3) months of the notified conclusion of the trial project, but no later than June 2011, and the required scope of the report."

and-
"e) A Government report on the potential future of the UCG technology in Queensland, including assessment of the Pilot Project Reports and the potential costs and benefits of UCG for the State and advice on the ways the UCG technology may proceed on an environmentally sustainable basis, including any findings on the interaction between CSG and UCG technologies on the scope of ‘buffer’ areas within the UCG tenure required around the gasification operation
The Government report will be prepared by no earlier than December 2010 and no later than December 2011, with the duration of this period being subject to the availability of Pilot Project Reports, DERM’s analysis of environmental management requirements, advice from the appointed expert panel and other information that may be deemed relevant
f) The findings of the Government report on UCG will be presented to Cabinet in 2011/12 and, should the Government report produce adverse findings on the UCG technology, on-going constraint or even prohibition of UCG activities may be recommended.

Jonathan111 · 2 February 2011

http://energy-pubs.com.au/linc-energy-in-the-arckaringa-basin

LINC ENERGY IN THE ARCKARINGA BASIN
February 2, 2011 By carol-anne

...

Mr Bond said historical charts pointed to a mean recoverable target somewhere in the 200 to 300 million standard barrel range.

...

olleydog · 4 February 2011

Has anyone else heard that linc has acquired all of Rancher energys assets in the powder river basin??? Still looking for some dirt on this story, it does sound pretty good for linc tho. Pretty sure Rancher are big on EOR. Long term linc holder and will be a happy one at that, maybe sooner rather than later....

dogeatdog · 4 February 2011

olleydog said:
Has anyone else heard that linc has acquired all of Rancher energys assets in the powder river basin??? Still looking for some dirt on this story, it does sound pretty good for linc tho. Pretty sure Rancher are big on EOR. Long term linc holder and will be a happy one at that, maybe sooner rather than later....

Hello Olley.
Do you have a link to any information, or is this pure speculation on your part?

LNC holder.

olleydog · 4 February 2011

dogeatdog said:
Hello Olley.
Do you have a link to any information, or is this pure speculation on your part?

LNC holder.

http://www.hotstocked.com/8-k/rancher-energy-corp-RNCH-346924.html From what i can gather rancher energy went broke and had 46mil in assets PB has those assets now and paid next to nothing 16 mil... Still looking for more info. Pretty sure they were producing, could mean cash flow for linc very soon... google rancher energy corp

mattryanshares · 4 February 2011

olleydog said:
http://www.hotstocked.com/8-k/rancher-energy-corp-RNCH-346924.html From what i can gather rancher energy went broke and had 46mil in assets PB has those assets now and paid next to nothing 16 mil... Still looking for more info. Pretty sure they were producing, could mean cash flow for linc very soon... google rancher energy corp

Mate thats a good find. I googled, bineg the hell out of your first post and could find nothing!

Brian Acheson · 4 February 2011

mattryanshares said:
Mate thats a good find. I googled, bineg the hell out of your first post and could find nothing!

All very interesting re Rancher, they were into EOR. Click on link info is old but gives an idea of what PB has brought.
http://www.marketwire.com/press-rel...es-Recoverable-Oil-Companys-Powder-774608.htm

dogeatdog · 5 February 2011

olleydog said:
http://www.hotstocked.com/8-k/rancher-energy-corp-RNCH-346924.html From what i can gather rancher energy went broke and had 46mil in assets PB has those assets now and paid next to nothing 16 mil... Still looking for more info. Pretty sure they were producing, could mean cash flow for linc very soon... google rancher energy corp

Great find Olley.
It does indeed, on the surface at least, appear to be a very good deal for Linc.
The financial crisis back in 2008 seemed to be the start of Ranchers problems.
A third party financing deal for US$80+ million, was pulled.
A unit of Exxon were, or are providing the CO2 for the EOR.

Hopefully a step toward Linc's goal of a "Billion dollars in revenue" campaign.

Mickel · 5 February 2011

Great finds indeed Olly and Brian !

From "The Debtor-In-Possession Financing has a maturity date of 120 days from the approval of the Court." I presume that LNC will take possession of all Rangers assets when they can't repay the loan in 120 days.
I'm not sure that LNC will have their UCG in Wyoming in production by then. But I am sure that PB will have the whip cracking to start UCG production asap.

These are 4 of Ranger's oil fields in Wyoming- the South Glenrock B Field, the Big Muddy Field, the Cole Creek South Field and the South Glenrock A Field.

Does anyone know how close they are to LNC's coal tenements ?

Mickel · 6 February 2011

From page 4 of analyst report dated 4/11/10
"Several important milestones could act as near-term catalysts over the next 18 months.
The following milestones could act as catalysts for Linc shares.

 In Carbon Solutions, we expect Linc to announce an acquisition of EOR sites by Q1 2011. The company expects project commencement by Q4 2011.

 In Resources, we expect Linc to sell another coal resource by Q1 2011. In addition,
management expects positive exploration/development data points from its operations in Alaska and Arckaringa, Australia.

 In UCG, we expect Gasifier 5 to begin operating in Chinchilla by the end of 2010, while the first Gasifier in PRB should be operational by late 2011.
 In GTL, we expect the company to make progress in its 5000 b/d modular concept with potential supply chain contracts by the second half of 2011.
o Our 12-Month price target is $3.50 (upside of approximately 71%); longer term (2 - 4 years) we would not be surprised to see shares in the $5.50+ range. We believe the Linc story is significantly under-valued given its potential cash balance (expected $1 billion by 2Q of 2011), underlying resource base (company has 21 million acres in oil/gas/coal leases and tenements around the world) and a huge option value associated with its technology offerings (UCG, EOR and GTL). For the near-term we
are particularly positively disposed towards the company’s EOR strategy that, we believe, could enable the company to realize revenues sooner than expected. We would argue that our 12-month price target is quite conservative because it is based on Linc’s existing resource base and offers no credit for its technology franchise."

It looks like the Ranger assets are the first acquisition.

http://www.madisonwilliams.com/images/OTCQX/LNCGY - MW Initiation Report.pdf

Jonathan111 · 6 February 2011

Mickel said:
Great finds indeed Olly and Brian !

From "The Debtor-In-Possession Financing has a maturity date of 120 days from the approval of the Court." I presume that LNC will take possession of all Rangers assets when they can't repay the loan in 120 days.
I'm not sure that LNC will have their UCG in Wyoming in production by then. But I am sure that PB will have the whip cracking to start UCG production asap.

These are 4 of Ranger's oil fields in Wyoming- the South Glenrock B Field, the Big Muddy Field, the Cole Creek South Field and the South Glenrock A Field.

Does anyone know how close they are to LNC's coal tenements ?

Hi Mickel,

It does looks that way, that this is a loan and the assets are collateral and in 120 days they will not be able to repay the loan so the assets will be taken by Linc.

Regards,
Jonathan

mattryanshares · 6 February 2011

Jonathan111 said:
Hi Mickel,

It does looks that way, that this is a loan and the assets are collateral and in 120 days they will not be able to repay the loan so the assets will be taken by Linc.

Regards,
Jonathan

If this is the case (Im not saying it isnt) you would wonder why Linc hasnt made an announcement?

ColB · 6 February 2011

mattryanshares said:
If this is the case (Im not saying it isnt) you would wonder why Linc hasnt made an announcement?

Matty, Contracts only signed on the 31st January 2011. PB needs at least a week to have his PR staff compose and fluff up this Rancher media release to restore the recent demise of its SP down to $2.26 from a fairly recent high of $3

Strong chance of ASX release tomorrow re Rancher and a nice move up of 15-20 cents IMO. LNC should start to gain some traction with what should be some decent announcements coming out in the next 2-3 months.

I Hold 20,000 shares, just dumped 40,000 LNC to buy PEN so LNC are bound to go up

LNC - Linc Energy

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