Linc Energy

[Boon]

I think it is a good decision
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3 July 2014
Linc Energy to commence drilling 103 Billion BOE* Arckaringa Basin in South Australia
• Linc Energy commits to drilling three (3) new wells in 2014 to commence late July proving up deeper parts of the Arckaringa Basin to start the process of unlocking the potential 103 Billion Barrels of oil equivalent (BBOE)* in recoverable oil and gas reserves in this unique energy basin.
• The South Australian Arckaringa oil basin is going to be a key focus and company driver for Linc Energy going forward.

Linc Energy Ltd (SGX:TI6) (OTCQX: LNCGY) is pleased to announce plans to drill three (3) wells in the Arckaringa Basin in South Australia as part of the next phase of exploration and development of this significant asset.

Given the size of the potential resource the Board of Linc Energy has determined that the best option for shareholder value is for the Company to fund the targeted exploration program to better define this basin before the Company considers partnering for phase two or three of develpment...........................................

http://infopub.sgx.com/FileOpen/2014.07....eID=303992

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