RE: Share doubling comingGood40 or Monron!,
Look at slide 12 (
http://www.longfordenergyinc.com/files/file/Longford%20October%202010.pdf) and you would see the stratigraph of the field showing all the formations, rock units and oil & gas reservoirs. You have totally ignored the more than 200 to 750m oil column above the oil water contact (OWC) at 1752 m. Even if your lies are true, LFD can simply produce all the oils in the shallower zone above the OWC for many years before water entry. You,ve failed to mention that significant high pressured gas was tested in the Lower Jadalla, Aalaji, Shiranish and Kometan formations in Well C9 at depths below the oil bearing Jeribe Kahur formation.
LFD has been assigned a low geological risk by renowned independent geological assessment company DeGolyer & MacNaughton with a 63% chances of finding oil (for this information, see slide 6 on top right corner). This is among the highest probabalistic rating in KRG. Do you think you know more than these folks?
Slide 20 shows that the plan is to drill CS-10 from April to June 2011. So the stock will start rallying before the spud date!!! In fact, I can see us hitting 40 cents before year end or beginning of January.
I am bullishand own lots of the stock because I see the value at this price. If you believe in what you are saying, then SHORT it and let see who would be the winner in 3 to 4 months!!