Linc Energy shares jump on offers for US oil assets

LINC Energy's shares jumped nearly 8 per cent, or nine cents, to S$1.24 on Wednesday after the oil and gas exploration firm revealed that it has received unsolicited offers for its assets in the US.

The firm is now working with these parties to see if an agreement can be reached, it said, adding that there is no assurance that these can result in a formal offer.

"It is early days on the oil asset negotiations but it is always nice to recei…