Aussie resource firm's move a litmus test for others

Linc Energy says it has seen keen interest from local, offshore investors

THE move by Linc Energy to shift its listing from Australia to Singapore will be an important litmus test for other resource firms, particularly those in Australia, wanting to come onto the Singapore Exchange (SGX).

The Australian upstream oil and gas firm said last month that it was delisting from the established resource exchange of the Australian Securities Exchange (ASX) to list on SGX, where a nascent mineral, oil and gas cluster is growing.

"Investors and potential IPO (initial public offering) candidates are going to wait and see how Linc Energy does," said Alberto Migliucci, chief executive of Petra Commodities, an investment advisory boutique firm that specialises in mining and oil and...

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