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Business Description: Linc Energy Ltd (LNC) is involved in development and commercialisation of Coal-to-Liquids (CTL) processes through the combined utilisation of Underground Coal Gasification (UCG) and Gas to Liquids (GTL), using clean coal technology. LNC’s operations are located in four principal locations: Australia (QLD and SA), North America (Colorado, Wyoming, Montana and Alaska), Europe (London) and Asia (Uzbekistan). The operations consist of three key divisions namely coal, clean energy and oil & gas.
Strategy Analysis: LNC has developed a UCG facility in Chinchilla, QLD after operating clean coal technology on a commercial basis in the ex-Soviet Union for more than 40 years. Operational targets include plant production capacity of 20,000 barrels of diesel fuel per day and use of syngas product from the UCG as feedstock into the generation of more environmentally friendly electricity. The resource estimate ensures a conservative resource recovery assumption that a 60 year project life can be achieved. The company will continue to expand its resource position at Chinchilla in order to asses other coal opportunities.
Linc Energy reported positive cash flow of $17.21m for quarter ended 31 December 2012. Operating cash flow for the period was $(44.2m). Payments for exploration and evaluation were $(11.66m). Investing cash flow was $(2.31m). Financing cash flow was $63.72m. Cash in hand at the end of the quarter was $37.76m. During the quarter, the Company achieved 6000 BOPD target by 31 December; the Umiat Winter Drilling Program commenced with completion of snow road and mobilisation of rig and equipment; and the Company completed its first corporate bond issue of US$265m.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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