Were drowin in Oil Red, wish someone would come and help us get it out of the red dirt

imagine how a poor old Opal miner feels with all that Oil below them.

This is another Eagleford-Bakken.

LINC ENERGY ASX CODE LNC:
 South West of Moomba Geological 1:250,000 Maps Tarcoola,Coober Pedy
 Carboniferous-Permian Arkaringa Basin
 LINC Signed a deal with China for CSG in April 2012

Independent prospective resource reports completed by both DeGolyer and
MacNaughton (D&M) and Gustavson Associates (Gustavson) confirm the significant
potential of shale oil in the Arckaringa Basin
Unrisked prospective resources for unconventional reservoirs in the Arckaringa Basin
have been estimated by Gustavson to be 233 billion barrels of oil equivalent (BOE)
Unrisked prospective resources for unconventional reservoirs in the Arckaringa Basin
have been estimated by D&M to be 103 billion barrels oil equivalent  
Gustavson has also conducted a preliminary assessment of resource potential in
conventional reservoirs in portions of the Arckaringa Basin, amounting to a separate
125 billion BOE on an unrisked basis
Linc Energy holds a 100% interest in licences and applications covering approx.
65,000 contiguous square kilometres (16 million contiguous acres) in the Arckaringa
Basin
Linc Energy is working with Barclays Bank to introduce a joint venture partner that
has shale oil expertise and will fund the development of the Arckaringa Basin assets.