Linc enters voluntary administration
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Singapore
THE prolonged slump in crude oil prices could claim another scalp. Mainboard-listed oil and gas exploration firm Linc Energy has entered into voluntary administration, a process analogous to judicial management, it said on Friday.
Its directors have appointed Stephen Longley, Grant Sparks and Martin Ford of PPB Advisory as the administrators, effective April 15, the Australia-based company said in its statement.
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