EXPLORATION

Linc sees sign of oil in Arckaringa

LINC Energy has encountered oil shows while drilling a well targeting coal seams for underground coal gasification and coal seam gas potential in the Arckaringa Basin, South Australia.

The company said while the shows in the Maglia-1 well appeared to be residual, they indicated the presence of an active petroleum system. Analysis to date points to the source of the oil being shallow...

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