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NEWS ARCHIVE

Linc snaps up Alaskan asset

LINC Energy has completed its acquisition of a controlling interest in the Umiat oil field in Alaska, marking its entry into the petroleum-rich US state.

The company bought an 84.5% interest in Renaissance Umiat, which owns the field, for $50 million. "I'm excited that the Linc Energy team have been able to settle this deal so quickly. It now allows us...

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