On Monday, ) dropped 4.3%. The stock was traded as low at $0.42, and as recently as $0.45. Trading saw 272,400 share change hands, which is an 88% increase from the session average of 144 742 shares. Stock had closed previously at $0.47.
Linc Energy Ltd, an oil and gas company based in Australia, has a portfolio that includes oil, coal and gas assets. The Company uses conventional production techniques to maximize the value of these resources. The Company's oil-and-gas operations include primarily operations onshore in North America (Alaska Texas Louisiana and Wyoming); exploration of shale gas and oil in the Arckaringa Basin, South Australia; developing technology for the extraction heavy oil (Moving Injection gravity Drainage – MIGD) and various opportunities to use its Underground Coal Gasification technology, including Asia and Africa.
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