Longford Energy Inc V.LFD

Technically LFD is in Default...........

[EOIM]

LFD is trading as a going concee from the mercy of the KRG because LFD had failed to meet its payment obligations of more than $10 million................They are also seriously shortt of cash to drill the well..............

For the company to proceed at this stage, they would either partner with other entities or merge with VST assuming VST would hit oil which I seriously doubt after their 14 months drilling campaign that is never ending..............

I own shares of LFD but is a realist.............So the drilling will likely be delayed till September................

[Kurd30]

EOIM,You used to boast about loading up on millions of shares.  I take it that you are no longer as bullish on lfd and probably reduced your position.....?  I think we are all on the same boat with how this company is proceeding.  There are some serious questions around their obligations, they are under investigation or finalizing the "ongoing contract negotiations

[massEntropy]

 Is it expected that at some point soon the KRG will enforce the contract? Or is it in their interest at this point to continue to work with LFD in-spite of the missed payment/s?

[vmldem]

You're right. See you at 0.1.

[massEntropy]

On a long enough time line everything goes to 0.1, what is the time frame?