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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by EOIMon Dec 07, 2010 11:07pm
166 Views
Post# 17816260

RE: I got answers on Well 9 from the company

RE: I got answers on Well 9 from the companyIn response to your question, those flow rates from the shallow zones wouldn't be economical because the flows are not form the source reservoir rock but rather from accumulations than had resulted from the oil leak from the deeper jeribe reservoir. So for me, I don't place much value to the accumulations in the shallower upper fars that resulted from the leakage. the money is in the deep reservoir source rock within the Jeribe formation. If LFD could tap into this formation again and flow oil through comingled production, the sky would be the limit. Even if the P50 estimate of 130 million barrels recoverable resources from more than 3 billion original oil n place, that is a lotof money. If the planned well hit oil then lots of well would be drilled along the crest of the anticline to generate cash. The potential to start generating money quickly is one reason why I love this play! If they hit, we would start to make money in Q4 next year.  This places LFD on top of the ladder than most other juniors in KGR!
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