Linc completes Wyoming oil purchase

LINC Energy has completed the acquisition of three oil fields in Wyoming with combined production of 190 barrels of oil per day from the bankrupt Rancher Energy Corporation for $US20 million ($A19.8 million).

The deal was approved by the US Bankruptcy Court in February 2011 and Linc plans to increase oil production levels across the three fields by re-entering existing wells that require workover, as well