re-LFD hit $.50 today:If warrants were converted today, at $.50, that would be $3.1 million, or over 10% of the current market capitalization. This is significant, especially since it is substantially an empty shell priced near cash, and may be about to announce an oil deal in Iraq some believe. If the market likes the deal watch out!
AAB's LFD Holdings as at last reporting:
Longford Energy 5,250,000 13.0% ---> at $.50 that is $2.625 million
Longford Energy Wt 3 ,296,296 $0.35 2/28/2010 ----> worth $500,000 if converted today...
Longford Energy WT 1 ,000,000 $1.00 july 10 2010
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Longford Energy Inc.-Advanced Discussions Regarding PSC Agreement
4/15/2009 9:16:04 AM - Market Wire
CALGARY, ALBERTA, Apr 15, 2009 (MARKET WIRE via COMTEX News Network) --
Longford Energy Inc. ("Longford" or "the Company") (TSX VENTURE: LFD) is pleased to announce it is in advanced discussions regarding entry into a Production Sharing Contract ("PSC") for the exploration, development and production of hydrocarbon resources. There can be no assurance that the agreement will be consummated.
About Longford Energy Inc.
Longford Energy Inc. is a junior Canadian oil and gas exploration and production company actively pursuing international crude oil and natural gas opportunities.