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Share Name | Share Symbol | Market | Type |
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Linc Enrgy Fpo | ASX:LNC | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Linc Energy Ltd. (LNC.AU) on Wednesday said it terminated a US$236 million deal to buy oil fields in Texas and Louisiana from ERG Resources LLC.
Linc said it has exercised a contractual right to terminate the transaction after "notifying ERG of certain alleged title defects identified during due diligence".
The Brisbane-based group said it intends to pursue other acquisitions in the U.S.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com
1 Year Linc Energy Chart |
1 Month Linc Energy Chart |
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