Long Run Explor Ltd Ord WFREF

RE:Based on numbers provided by LRE in the last presentation

[JohnJBond]

The key phrase - at the current oil/gas price there is a problem for sure.

If yuo think prices stay where they are, then 50c is a reasonable forecast

If you think prices follow economic principals and increae in the following months, then a 50c target is not reasonable.

Those selling now, probably think oil and gas prices are here to stay.

Those buying and holding, think otherwise.

Decide what you believe and invest accordingly.

Personally, I believe that the principals of economic theory have not changed.

I also believe that Russia has a way of doing things that should not be overlooked.    The prior light hearted comment about Russian sabotage in Saudi Arabia is not out of the question.    The Russians are being squeezed by the low oil price - as are many other Countries.    That kind of pressure can lead to unexpected consequences.    There are plenty of people who would like to see instability/revolution in Saudi Arabia.     The recent reduction in oil prices may have added to this number, and those added, likely come from some very powerful places.

Even the US oil lobby, or the Oil multinationals.     There are huge transfers of wealth occuring right now in the oil world............and some of those affected are low on the ethics scale.    

It would not surprise me at all, to hear of a revolution in Saudi Arabia, or an ISIS attack on some Saudi oil infrastructure.    That whole area is a tinderbox, and pushing down oil prices is like adding sparks.