LNC 0.00% 99.5¢ linc energy ltd

Vultures picking LINC Energy bones

  1. 475 Posts.
    Linc Energy creditors meet to discuss gas trial


    Meghan Harris | 27th Apr 2016 7:55 AM



    Linc Energy Alasdair Young

    LINC Energy creditors will meet in Brisbane today following a controversial gas trial.

    The underground coal gasification company went into voluntary administration earlier this month, after being charged with causing serious harm to the environment at its UCG pilot site near Chinchilla.

    Linc Energy has previously argued the case was a circumstantial one and that it is innocent.

    The company is owing an estimated $150 million to 57 staff and 20 external creditors.
    Last edited by HHOgas: 27/04/16
 
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