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Last $0.38 SGD
Change Today +0.005 / 1.35%
Volume 3.0M
As of 5:04 AM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

linc energy ltd (LNC) Snapshot

Open
$0.37
Previous Close
$0.37
Day High
$0.38
Day Low
$0.35
52 Week High
08/12/14 - $1.44
52 Week Low
04/30/15 - $0.35
Market Cap
219.7M
Average Volume 10 Days
3.3M
EPS TTM
$-0.40
Shares Outstanding
585.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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 unconventional syngas through the combined utilization of underground coal gasification and gas-to-liquids technologies in Australia, North America, Europe, South Africa, and Asia. The company is also involved in the exploration of petroleum exploration tenements with a total area of approximately 24.6 million 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

Executive Chairman
Total Annual Compensation: A$138.8K
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 Slashes 200 Jobs

Linc Energy announced that it has slashed hundreds of jobs as lower oil prices force it to cut costs. The company said it had axed more than 200 employees, or a third of its workforce, over the past six months. The company has reduced its employee numbers from 564 to 350 but did not provide details of affected contractor positions.

Linc Energy Ltd Ceases Stuart Jones as Chief Financial Officer

Linc Energy Ltd. announced that Mr. Stuart Jones has ceased his employment as Chief Financial Officer effective 31 March 2015, after serving his notice period. Mr. Jones resigned to pursue other business opportunities.

Linc Energy Ltd Provides an Update on the Drilling Operations in the Arckaringa Basin

Linc Energy Ltd. provide an update on the drilling operations in the Arckaringa Basin. The Eba 1 vertical exploration well (PEL121) is the second of the three well program and is planned to be drilled to a total revised depth of approximately 2,900 metres. Since the last progress update, a number of productive days were lost due to a leaking wash pipe in the top head drive. These setbacks have since been rectified and as of 06:00hrs on March 04, 2015, the main hole rig was rigging up to run in hole and drill ahead in the Officer Basin equivalent of the Cambrian Relief Sandstone at a depth of 2,722m. On the 25th February 2015, a Vertical Seismic Profile (VSP) was recorded to a depth of 2,625m to confirm the Eba 1 surface well-seismic ties. This provided a more reliable forward prognosis correlation as the pre-Permian velocities were poorly controlled in the area due to the lack of historical well intersections in the Arckaringa Basin. The seismic traces recorded data below the current depth identifying high amplitude reflectors from approximately 2,723m onwards. The current revised total depth of approximately 2,900m will allow Linc Energy to investigate the higher energy seismic interval and further the understanding of the pre-Permian basin stratigraphy. Formations of interest underlying the Relief Sandstone in the Officer Basin include the Neoproterozoic Tanana Formation, the Karlaya Limestone and the Dey Dey Mudstone; all of which have recorded oil shows in offset wells to the North West. The presence of these intervals under the Cambrian sequence is unknown at this time as all previous exploration terminated in shallower sediments.

 

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LNC Competitors

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Company Last Change
Buru Energy Ltd A$0.54 AUD 0.00
Drillsearch Energy Ltd A$1.25 AUD +0.03
Horizon Oil Ltd A$0.12 AUD 0.00
Karoon Gas Australia Ltd A$2.78 AUD +0.03
Senex Energy Ltd A$0.40 AUD -0.005
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Industry Analysis

LNC

Industry Average

Valuation LNC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.6x
Price/Book 2.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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