Last $0.97 SGD
Change Today 0.00 / 0.00%
Volume 508.0K
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As of 5:04 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

linc energy ltd (LNC) Snapshot

Open
$0.98
Previous Close
$0.97
Day High
$0.98
Day Low
$0.95
52 Week High
12/27/13 - $1.60
52 Week Low
10/16/14 - $0.71
Market Cap
568.3M
Average Volume 10 Days
1.3M
EPS TTM
$-0.40
Shares Outstanding
585.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for LINC ENERGY LTD (LNC)

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linc energy ltd (LNC) Details

Linc Energy Ltd operates as a diversified energy company worldwide. It is engaged in the exploration, development, and production of traditional oil and gas assets in North America; acquisition, exploration, and development of conventional coal resources; and development and commercialization of coal-to-liquids processes through the combined utilization of underground coal gasification and gas-to-liquids technologies in Australia, North America, Europe, South Africa, and Uzbekistan. The company is also involved in the exploration of petroleum exploration tenements with a total area of approximately 24,600,000 acres in the Arckaringa, Cooper, Eromanga, Walloway, and Stansbury basins in South Australia. It owns interest in approximately 27 exploration permits for coal representing approximately 12,264 square kilometers of exploration and mining tenure in Queensland’s coal basins; 2 mining lease applications; a mineral development lease; a mineral development lease application; and a petroleum lease application. The company was formerly known as Linc Energy N.L. and changed its name to Linc Energy Ltd in November 2000. Linc Energy Ltd was founded in 1996 and is headquartered in Brisbane, Australia.

Founded in 1996

linc energy ltd (LNC) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$528.0K
Executive Chairman
Total Annual Compensation: A$138.8K
Chief Financial Officer
Total Annual Compensation: A$124.0K
Chief Operating Officer
Total Annual Compensation: A$345.4K
President of Linc Energy Operations Africa
Total Annual Compensation: A$375.0K
Compensation as of Fiscal Year 2013.

linc energy ltd (LNC) Key Developments

Linc Energy Spuds First Well in the Arckaringa Basin Exploration Program

Linc Energy Ltd. announced that it spudded the first of its 3 well drilling program in the Arckaringa Basin near Cooper Pedy in South Australia over the weekend. The exploration program is focused on three deeper sections of the organic rich, highly prospective Boorthanna trough, and will intersect targets within the Stuart Range, Boorthanna and pre-Permian formations which formed the basis for the majority of the prospective resources separately identified by both Gustavson Associates and DeGolyer and MacNaughton. To date no previous drilling has intersected the formations at depth and the results of these wells will be critical to understanding the basin in detail. Samples and core recovered during drilling activity will be sent for analysis. Analysis will include: Thermal Maturity - to confirm thermal gradient projections in each of the three holes; Source Rock - to confirm source rock quality of Stuart Range, Boorthanna and pre-Permian formations; Logging of all core holes; and open hole well testing if moveable hydrocarbons are detected. Assessment of the data collected in this first phase of drilling will determine the next development steps. Given these wells are designed to better understand the basin in the first instance, Linc Energy will not attempt to stimulate or flow test these wells in this initial program.

Linc Energy Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Year Ended June 30, 2014; Reports Impairment for the Fourth Quarter Ended June 30, 2014

Linc Energy Ltd. reported unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the year ended June 30, 2014. For the quarter, the company reported revenue was AUD 33,752,000 against AUD 33,043,000 for the same period last year. Loss from operating activities was AUD 63,125,000 against AUD 35,852,000 for the same period last year. Loss before income tax was AUD 68,231,000 against AUD 32,762,000 for the same period last year. Loss attributable to Equity holders of Linc Energy Ltd. was AUD 69,090,000 or 11.95 cents per basic and diluted share against AUD 28,714,000 or 5.53 cents per basic and diluted share for the same period last year. For the year the company reported revenue from continuing operations was AUD 148,390,000 against AUD 124,370,000 for the same period last year. Loss from operating activities was AUD 127,513,000 against AUD 55,431,000 for the same period last year. Loss before income tax was AUD 226,066,000 against AUD 85,986,000 for the same period last year. Loss for the year was AUD 229,478,000 against AUD 63,825,000 for the same period last year. Loss attributable to Equity holders of Linc Energy Ltd. was AUD 229,478,000 or 41.21 cents per basic and diluted share against AUD 63,825,000 or 12.40 cents per basic and diluted share for the same period last year. Net cash used in operating activities was AUD 32,577,000 against AUD 9,389,000 for the same period last year. Payments for property, plant and equipment was AUD 317,000 against AUD 1,818,000 for the same period last year. Payments for software intangible were AUD 229,000 against AUD 1,475,000 for the same period last year. Payments for exploration and evaluation intangible were AUD 5,420,000 against AUD 22,328,000 for the same period last year. Payments for exploration and development of oil and gas assets were AUD 184,349,000 against AUD 156,139,000 for the same period last year. Payments for acquisition of oil and gas assets were nil against AUD 2,977,000 for the same period last year. For the quarter, the company reported Impairment expense ­ oil and gas assets was AUD 5,316,000 against AUD 16,774,000 for the same period last year. Impairment expense ­Intangibles was AUD 5,469,000 against nil for the same period last year.

Linc Energy Ltd Appoints Craig Ricato as Managing Director and Chief Executive Officer

Linc Energy Ltd. announced the appointment of Craig Ricato as Managing Director and Chief Executive Officer of the company, effective October 1, 2014. Mr. Ricato will be responsible for working closely with and implementing the decisions of the Board and for the attainment of the company's mission. Mr. Ricato has been a director of the company since October 2010. Prior to that he was Company Secretary and General Counsel from 2008. Prior to his roles at the company Mr. Ricato was a solicitor in private practice.

 

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