Linc maintains guidance after Hurricane Isaac

Company News

Linc Energy Limited (ASX:LNC) has maintained its full year Gulf Coast production guidance after Hurricane Isaac swept over the region. 

The energy company says that its Gulf Coast oil fields have survived Hurricane Isaac relatively unscathed. 
 
Linc’s Leeville field in Louisiana is understood to have only sustained minimal damage and is expected to return to production within days.
 
Leeville produces about 85 barrels of oil per day and the company’s Gulf Coast production is about 4,200 barrels of oil per day. 
 
Linc says its Gulf Coast production remains on schedule to reach between 6,000 to 7,000 barrels of oil per day by the end of 2012.
 
Linc Energy swung to a net loss of $44.6 million in the first half of its 2012 financial year. 

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