Thread: Linc's 24.6 million unexplored shale oil and gas acres
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Old 10-30-2014, 12:59 PM
Sparty Sparty is offline
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Default Linc's 24.6 million unexplored shale oil and gas acres
LINC ENERGY'S SAPEX BUSINESS HOLDS LINC ENERGY?S PETROLEUM LICENCES IN SOUTH AUSTRALIA, WITH A TOTAL AREA OF APPROXIMATELY 24.6 MILLION ACRES IN THE ARCKARINGA, COOPER, EROMANGA, WALLOWAY AND STANSBURY BASINS

Exploration for shale oil and gas in the Arckaringa Basin is currently underway, where independent analysis undertaken by DeGolyer & MacNaughton has highlighted a potentially enormous estimated prospective resource of 103 Billion Barrels of oil equivalent (BBOE) on an unrisked basis and 3.5 BBOE on a risked basis*. Read the full story.... the riches that Linc has are simply amazing (pdf download).

 

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