Saturday, January 26, 2013

Linc Energy; Bonanza or biggest bamboozle since Bre-X?

Something about "discoveries" in the "trillions" of barrels of oil makes me want to use quotation marks a lot.

That's what Linc Energy has unexpectedly found in the Australian outback, according to a couple of "consultant reports" it commissioned. That strikes me as a somewhat thin peg from which to hang headlines
containing the word "trillions."

On the other hand, both the company and the guy who has built it up appear to be the real deal. Could be something to keep an eye on.

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