ABN Newswire Stocks to Watch: February 10, 2010
Linc Energy Limited (ASX:LNC) (PINK:LNCGY) has announced interim results from the first round of drilling in its Arckaringa Basin Petroleum Exploration Licenses (PEL's) aimed at assessing the suitability of the Permian Mount Toondina coal seams for Underground Coal Gasification (UCG) and, indirectly, also assessing the Coal Seam Gas (CSG) potential at the selected locations.
The NewSat Limited (ASX:NWT) (OTC:NWTLY) said the business has turned an EBITDA profit for the 6 months ending 31 December 2009 with every key financial metric improving significantly in comparison with the corresponding period. The Group increased its annuity monthly revenue stream by almost A$300k per month during the six months whilst minimising contract churn. For the period, over 200 new high-grade enterprise contracts were signed with an average value of approximately A$30k per annum.
Linc Energy Limited