Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by EOIMon Dec 21, 2010 2:13pm
159 Views
Post# 17877360

RE: Massive Bids on VST and LFD

RE: Massive Bids on VST and LFD
Drivekiller, The market reacts in advance of the events. the company plans to start drilling in either March or April. Remember they have 75 million warrants at 75 cents that they need to cash before July 11. The company needs that cash and so drilling result will likely be known before July. It takes 90 to 120 days to drill and that places drilling to start somewhere in March or April so that they can get some news out for the warrants to be exercised. Once we hit the oil in Jeribe, the plan is to start selling the oil for immediate cash flow. That is the awesome part to this story! If all goes well, we would start making money by Q4! The cash flow depending on how large would help to minimize future dilution and drilling of CS-11 will start in fall.
<< Previous
Bullboard Posts
Next >>