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Coastal Energy Company Message Board

  • jws425 jws425 Jul 31, 2013 3:54 PM Flag

    OT - Arckaringa Basin

    I am a long term investor in Coastal, just posting about another interesting oil field. Arckaringa Basin is located in south central Australia. Thought to contain 10 times the recoverable oil as the Bakken. It's early and in a desolate, almost uninhabited area. Linc Energy (LNCYF) owns 16 million continuous acres, trading around 1.50. Might be worth a look as a speculative investment. GLTA.

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    • BTW, good to see Coastal up two full points over the last two days : 13.6 - 15.6. And yes that 16 million acres LNCYF owns in the Arckaringa. It's been on tear for the last month, almost doubling. So you might wait for a pullback if you're so inclined. GLTA